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, GAFI sign MoU to boost investment in Egypt

Bank to highlight executive, legislative breakthroughs to encourage foreign direct investment: Fayed

Hossam Mounir

CIB becomes first Egyptian bank to conform to ISO 29993 in learning services management

Commercial International Bank Egypt (CIB) has achieved conformity to ISO 29993, a…

Daily News Egypt

ABE to finance goldsmithing workshops in partnership with Ministry of Supply

Bank will fund workshops that meet specified conditions with initial amount of…

Hossam Mounir

CBE supports banking services, products for customers with disabilities

Number of branches equipped for customers with disabilities doubles during 2023 

Daily News Egypt

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

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

Hossam Mounir

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

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

Hossam Mounir

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…

Hossam Mounir

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…

Hossam Mounir

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…

Hossam Mounir

Banking expert advises against new high-yield savings certificates

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

Hossam Mounir