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 Misr launches Riyadh branch, begins banking operations in Saudi Arabia

Banque Misr has officially launched its branch in Riyadh, marking the start…

Daily News Egypt

CBE mandates banks to implement Environmental, Social Risk Management System by January 2028

The Central Bank of Egypt (CBE) has instructed banks operating in the…

Daily News Egypt

Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand

The aggregate balance sheet of banks operating in Egypt, excluding the Central…

Hossam Mounir

CIB partners with IE University to strengthen leadership development in Egypt

Commercial International Bank Egypt (CIB), Egypt's largest private-sector bank, has signed a…

Daily News Egypt

CBE defines responsibilities of banks’ anti-fraud departments

The Central Bank of Egypt (CBE) has issued new guidance clarifying the…

Daily News Egypt

Suez Canal Bank hosts first ‘Privé Day’ at Rehab branch

Suez Canal Bank launched its inaugural Privé Day at the Rehab branch,…

Daily News Egypt

NIB denies plans to divest stakes in Bank NXT, EBank

The National Investment Bank (NIB) has denied reports recently published by an…

Daily News Egypt

NBE, Banque Misr raise interest rates on savings certificates, launch new variable-yield products

Mohamed El Etreby, Chief Executive Officer of the National Bank of Egypt…

Hossam Mounir

CBE, COMESA Clearing House hold workshop to promote REPSS

The Central Bank of Egypt (CBE), in cooperation with the COMESA Clearing…

Daily News Egypt

CBE prohibits financing for company formation, capital increases, and dividend distributions

The Central Bank of Egypt (CBE) has issued a directive requiring banks…

Hossam Mounir