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

Afreximbank to double intra-African trade financing to $40bn by 2026

The African Export-Import Bank (Afreximbank) plans to double its financing of intra-African…

Daily News Egypt

CIB, ADIB Egypt promote financial inclusion with youth-focused services

The Commercial International Bank (CIB) and Abu Dhabi Islamic Bank (ADIB) Egypt…

Daily News Egypt

Suez Canal Bank appoints Bahaa Farouk as head of digital transformation

Suez Canal Bank has announced the appointment of Bahaa Farouk as the…

Hossam Mounir

SAIB Bank supports fintech startups, entrepreneurship

SAIB Bank has been actively supporting companies in the Egyptian market, including…

Hossam Mounir

Agricultural Bank of Egypt increases branch network, upgrades services

The Agricultural Bank of Egypt(ABE) has recently opened 10 branches across six…

Hossam Mounir

Egyptian banking sector reports surplus in net foreign assets of EGP 626.6bn in June 2024

The Central Bank of Egypt (CBE) has announced that the net foreign…

Hossam Mounir

Inflation dynamics normalizing to pre-March 2022 patterns: CBE

Inflation is projected to stabilise around current levels in 2024, with significant…

Daily News Egypt

Opinion| Egypt’s banking revolution: CBE approves launch of first digital bank

Historic achievement that signifies major step forward in country's digital transformation within…

Mohamed Abdel Aal

Investment banks predict CBE to maintain unchanged rates for second consecutive meeting

Analysts anticipate unchanged rates amidst decreasing inflation

Hossam Mounir

CIB collaborates with SAS Institute to enhance university students’ skills

The Commercial International Bank (CIB) Egypt recently signed a memorandum of understanding…

Daily News Egypt