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 conducts survey to find out needs of SMEs: Deputy Governor

Funding is no longer biggest challenge facing SMEs, as they need non-financial…

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33.47% deposit growth at HDB, registering highest rate among banks on EGX in 2021

Highest growth in corporate loans estimated at 36.7%, equity 25.10%, net income…

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Egypt’s external debt registers $137.4bn in September 2021: CBE

Long-term debt accounts for 91.6% ($125.9bn) of total external debt

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CIB issues 1st Ecological Footprint report in Africa, setting trend in sustainable finance

The report is an important milestone in the CIB’s journey to make…

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CBE leads efforts to promote fintech in local banking market: Sub-Governor

This year will witness many fintech projects, including instant payment network: Ayman…

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Islamic banking in Egypt amounts to EGP 429bn in 2021: Eifa

Islamic deposits record about EGP 350.4bn, financing reaches EGP 328bn

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HDB records 21% increase in pre-provision, tax profit to EGP 2.8bn in 2021

Bank’s business results reflect strength of its financial position, growth rates: Hassan…

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Non-government bank deposits in local currency record EGP 4.457trn in January 2022: CBE

Non-government deposits in foreign currencies reach EGP 659.901bn in January 2022

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saib achieves pre-provision, tax profit of $68.9m in 2021

Continuous growth of bank’s business is supported by ambitious expansion plans: Chairperson…

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Total financial position of banks in Egyptian market approaches EGP 9trn in November 2021: CBE

Bank deposits increase to EGP 6.306trn, credit facilities up to EGP 3.066trn,…

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