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

MIDBANK reports remarkable growth in 2023 after overhaul, digital shift

Total budget, net loans, customer deposits, and property rights soar by 89%,…

Hossam Mounir

CBE reports key financial soundness indicators for banks in Q3 2023

Non-performing loans in banks remain at 3.3% of their total loan portfolio…

Hossam Mounir

Central Bank of Egypt to discuss interest rate for last time in 2023 on Thursday

Egypt likely to hold steady on interest rates amid economic reforms, analysts…

Hossam Mounir

CBE reports EGP 14.742trn total financial position of banks in 3Q 2023

Capitals register EGP 323.776bn, reserves EGP 492.386bn, and allocations EGP 305.455bn

Hossam Mounir

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