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

NBE manages 28 financing deals worth EGP 322.5bn in 2023

Bank leads market in corporate financing, syndicated loans, with 36% share: Okasha

Daily News Egypt

CBE reconstitutes five main committees affiliated with Board of Directors

They are monetary policy, management, audit, capital markets, banking development committees

Hossam Mounir

CIB, MFF cooperate to provide mortgage finance for low- and middle-income groups

The Commercial International Bank (CIB) and the Social Housing and Mortgage Finance…

Hossam Mounir

Banque du Caire, TAKYIEM partner to market Urban Development Fund projects

Agreement leverages bank’s expertise in marketing, promoting, and financing real estate assets

Daily News Egypt

CIB leads 20 securitization bond issuances worth EGP 57.5bn in 2023

It secures more than 63% of Egyptian market share in securitization bond…

Daily News Egypt

Egypt targets 5% inflation by 2026, government document says

Price stability and lower inflation rates among government’s priorities

Hossam Mounir

Local liquidity in Egyptian banking sector rises to EGP 8.787trn in November 2023: CBE

The Egyptian banking sector witnessed a surge in local liquidity, reaching EGP…

Hossam Mounir

NBE, Banque Misr offer savings certificates with returns of 23.5%, 27% on Monday

Chairperson of Banque Misr expects proceeds of new certificates to reach EGP…

Hossam Mounir

CBE updates anti-money laundering, countering terrorist financing regulations

The Central Bank of Egypt (CBE) has issued new regulations to combat…

Hossam Mounir

ABE’s loan portfolio grows by 19% to EGP 77.8bn in November 2023

Bank follows President Al-Sisi’s directives to boost agricultural sector, says Farouk

Hossam Mounir