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

CBE takes first steps towards launching digital banks in Egypt

CBE announces new digital bank capital requirements, regulations

Hossam Mounir Hossam Mounir

aiBANK joins InstaPay as part of its digital transformation strategy

aiBANK, Egypt's leading integrated retail, corporate, and Islamic banking solutions provider, has…

Daily News Egypt Daily News Egypt

Agricultural Bank of Egypt, MSMEDA sign financing contract worth EGP 60m

It comes within framework of Egyptian Family Development Initiative "Bab Rizq", funded…

Hossam Mounir Hossam Mounir

NBE manages 12 financing deals worth EGP 27bn in 1H 2023: Bloomberg

Bank ranks first in Egyptian market for its roles as financing agent,…

Hossam Mounir Hossam Mounir

NBE reports over 14 million withdrawals worth EGP 35.5bn through ATMs in 14 days

Withdrawals reach its peak on 25 June at EGP 4.22bn

Hossam Mounir Hossam Mounir

Nagla Bahr highlights important role of credit guarantee industry 

Nagla Bahr stressed on the importance of the proper positioning of the…

Daily News Egypt Daily News Egypt

Banque du Caire graduates first cohort of “Fast Track” programme

Banque du Caire has graduated the first cohort of its "Fast Track"…

Daily News Egypt Daily News Egypt

We will not hesitate to use all available monetary policy tools to achieve targeted inflation rates: CBE

Path of basic interest rates depends on expected inflation rates, not prevailing…

Hossam Mounir Hossam Mounir

CBE reveals financial soundness indicators for banks in Egypt in 1Q 2023

Loan-to-deposit ratio increases to 48.9%, private sector accounts for 55.3% of total…

Hossam Mounir Hossam Mounir