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

Banque du Caire’s profits record EGP 2.6bn in H1 2023

Bank continues to implement expansion strategy at steady pace, says Tarek Fayed

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CIB, GlobalCorp seal EGP 2.54bn securitized bond deal

Commercial International Bank (CIB), Al Ahly Pharos, and GlobalCorp have completed a…

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Parliament abolishes old laws on 3 banks, subjects them to new banking law

The House of Representatives has passed Law No. 170 of 2023, which…

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CBE refutes reports of United Bank transaction 

The Central Bank of Egypt (CBE) affirmed that the information circulating regarding…

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saib Bank reports 78% growth in profits to EGP 1.07bn in 1H 2023 

saib Bank, led by Tarek El-Khouly, Chairperson and Managing Director of the…

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Misr Digital Innovation applies to obtain digital bank licence

Company expects to launch new service within few months

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Suez Canal Bank increases its issued, paid-up capital to EGP 5bn: Refaie

Bank increases its capital by EGP 3bn over 5 years, with a…

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ABE obtains funding worth EGP 3.583bn from MSMEDA

Amount was used to finance 160,000 micro, small enterprises in various sectors

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Al Baraka Bank records EGP 1.59bn in profits in 1H 2023, with 38% growth

Al Baraka Bank has announced that its profits before tax exceeded EGP…

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Suez Canal Bank announces 134% increase in net profit to EGP 628m during 1H 2023

Suez Canal Bank’s general assembly approves increasing paid-up capital to EGP 5bn…

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