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

CIB signs MoU with LinkedIn learning to promote youth learning culture

Commercial International Bank (CIB), Egypt’s leading private sector bank, believes in the…

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Islamic banking in Egyptian market increases to EGP 544bn in March 2023

Faisal Islamic Bank of Egypt ranks first with EGP 169.2bn turnover, ADIB…

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Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023

Positive indicators of bank's business results supported by unique business model: Fayed

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161% increase in net profit of Suez Canal Bank in 1Q 2023

Bank's financial position increases to EGP 87.9bn in March 2023: Hussein Refaey

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CBE cooperates with international institutions to digitize supply chains: Assistant sub-governor

We cooperate with five banks to promote sustainability within agricultural sector: Rasha…

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CIB’s Hisham Ezz Al-Arab receives Lifetime Achievement Award at African Banker Awards 2023

African Banker Awards’ committee cited CIB's Ezz Al-Arab’s integrity, pioneering ingenuity and…

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HDB offers a triple savings certificate with 20% annual return, 18.5% monthly return

The Housing and Development Bank (HDB) is offering triple savings certificates with…

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NBG sells its headquarters, continues to liquidate assets as it bids farewell to Egypt

NBG reaches final agreement with Arab Investment Bank to acquire its existing…

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CBE assesses impact of previous interest rate hikes, reserve requirement ratio rise on inflation

MPC decided last week to maintain basic interest rates at CBE unchanged

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Financial position of banks jumps to EGP 12.409trn in January 2023: CBE

Bank deposits increase to EGP 9.021trn, of which 77.8% belong to household…

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