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

Banks in Egypt post EGP 212.58bn net profits 9M 2023: CBE

The Central Bank of Egypt (CBE) announced that banks operating in the…

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ADCB names Ahmed Mansour as Head of Digital Transformation, Banking Services Development

Abu Dhabi Commercial Bank Egypt (ADCB) has announced the appointment of Ahmed…

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Major global central banks keep interest rates unchanged, CBE decision next Thursday in focus

Market indicates that CBE’s meeting will come with no surprises as inflation…

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How does CBE account for decline in core inflation for fifth consecutive month?

Annual core inflation records 35.9% in November, down from 38.1% in October…

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CBE reports $1.2bn rise in net international reserves since January 2023

Net international reserves reach $35.173bn in November, up from $34.003bn at 2022…

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Banking expert advises against new high-yield savings certificates

Interest rate hikes deemed detrimental to economy, inflation goals, says Abdel-Aal

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CBE unveils key banking indicators up to August 2023

Customer deposits climb to EGP 9.719trn, with household sector holding 75.4%

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CIB champions climate initiatives at COP28 in Dubai

Egypt’s Commercial International Bank (CIB), the nation’s leading private sector bank, actively…

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CBE attracts $1.09bn in bids for dollar-denominated treasury bills

The Central Bank of Egypt (CBE) announced that it received 23 bids…

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Egypt’s external debt recorded $164.7bn end of June rising 5.8% Y-o-Y: CBE 

Long-term debt accounted for $136.6bn, whereas short-term debt accounted for US$ 28.1bn

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