Banking

The latest banking stories from Egypt and across the globe, by the Daily News Egypt banking team, including global insight and commentary on the top issues concerning this sector.
Latest Banking News

Egypt’s policy overhaul sparks hope for economic revival: HSBC’s economist

We leave our end-2024 EGP forecast at 45, see scope for rate…

Daily News Egypt

Domestic liquidity in Egyptian banking sector nears EGP 9bn in January 2024: CBE

Deposits in local currency rise by EGP 120bn to EGP 6.367trn

Hossam Mounir

CBE’s interest rate hike sparks reactions from banks

Limited movement in interest rates after first two days of liberalisation

Hossam Mounir

ADCB – Egypt announces new board of directors for 2028 Vision

Abu Dhabi Commercial Bank – Egypt (ADCB - Egypt) has revealed its…

Daily News Egypt

MIDBANK opens new branch in New Sphinx City as part of expansion plan

MIDBANK has opened its newest branch, Hyper One Sphinx, in New Sphinx…

Shaimaa Raafat

CBE decisions strike blow to black market, say banking experts

Experts praise move as crucial, positive step to eliminate speculation

Hossam Mounir

NBE, Banque Misr launch new savings certificates with up to 30% return

Yield of some certificates, loan products increases automatically after CBE decides to…

Hossam Mounir

HDB’s record profits for 2023: A success story

Bank’s net profits soar to EGP 6.031bn, with growth rate of 167.2%

Hossam Mounir

ADCB-Egypt partners with Etisalat by e& to launch digital rewards programme ‘TouchPoints’

We trust in capabilities of Etisalat by e&, its ability to provide…

Daily News Egypt

ADIB-Egypt achieves record-breaking results in 2023, its net profits soar to EGP 4.7bn

‘We are proud of our exceptional performance that reflected our commitment to…

Daily News Egypt