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

We will use all monetary policy tools to achieve inflation targets: CBE

CBE sets its inflation targets at 7% (±2%) on average in Q4…

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CBE reports key bank performance indicators as of July 2023

Financial position of banks breaks barrier of EGP 14trn 

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aiBANK named “Fastest Growing Bank in the Arab Region” by World Union of Arab Bankers

aiBANK, a renowned provider of comprehensive retail, corporate, and banking solutions in…

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CEO of Housing & Development Bank reveals EGP 2.556bn plan for sustainable financing in 2023

Bank supports green economy and sustainable development in Egypt

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EGP 3.671trn increase in total financial position of banks in 2022/23: CBE

Total financial position of banks operating in Egypt rises to EGP 13.798trn…

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How banking sector supports sustainable development, green economy: Bank leaders

The People and Banks Conference, held on Wednesday under the title “The…

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New CBE regulations to facilitate credit card use for Egyptians traveling abroad

Cards were misused through cash withdrawals from abroad without individuals actually traveling

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ABE reveals key features of bank’s financing structure until end of September 2023

Bank injected EGP 45.025bn worth of financing to SMES, accounting for 64%…

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CBE approves Amr El Ganainy as CIB Deputy CEO, Managing Director

El Ganainy has over 35 years of banking experience 

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Egypt’s external debt rises to $165.3bn in March 2023: CBE

Long-term debt accounted for $136.4bn, whereas short-term debt accounted for $28.9bn

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