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

EGP 3.671trn increase in total financial position of banks in 2022/23: CBE

Total financial position of banks operating in Egypt rises to EGP 13.798trn…

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How banking sector supports sustainable development, green economy: Bank leaders

The People and Banks Conference, held on Wednesday under the title “The…

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New CBE regulations to facilitate credit card use for Egyptians traveling abroad

Cards were misused through cash withdrawals from abroad without individuals actually traveling

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ABE reveals key features of bank’s financing structure until end of September 2023

Bank injected EGP 45.025bn worth of financing to SMES, accounting for 64%…

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CBE approves Amr El Ganainy as CIB Deputy CEO, Managing Director

El Ganainy has over 35 years of banking experience 

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Egypt’s external debt rises to $165.3bn in March 2023: CBE

Long-term debt accounted for $136.4bn, whereas short-term debt accounted for $28.9bn

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CBE signs $1.36bn currency swap agreement with Emirati counterpart

The Central Bank of Egypt (CBE) and the Central Bank of the…

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CBE Governor calls on Chinese banks to enter Egyptian market

Abdalla, Chinese counterpart discuss currency swap agreement to reinforce Egyptian government’s plan…

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CBE reports on deposits, employment in banks in April 2023

Household sector accounts for 76.2% of total deposits 

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Banque Misr invests EGP 70bn in over 165 companies

Bank increases capital of its branch in UAE to AED 1.59bn

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