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

Foreign asset surplus in Egypt’s banking sector reaches $5.2bn in 2024

The Central Bank of Egypt (CBE) reported that the net foreign assets…

Hossam Mounir

CBE hosts Yemeni delegation to share Egypt’s pioneering experience in payment systems

The Central Bank of Egypt (CBE) recently hosted a delegation from the…

Daily News Egypt

IFC, CIB partner to support decarbonization across key sectors in Egypt

The International Finance Corporation (IFC) has announced a partnership with the Commercial…

Daily News Egypt

FABMISR’s net profit soars 153% to EGP 26.3bn in 2024

First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating…

Hossam Mounir

CBE hosts Financial Stability Board’s RCG MENA Meeting in Sharm El-Sheikh

The Central Bank of Egypt (CBE), co-chair of the Regional Consultative Group…

Daily News Egypt

Alameda Healthcare partners with Banque Misr to offer exclusive benefits to VIP clients

Alameda Healthcare Group, one of Egypt’s leading private healthcare providers, has announced…

Daily News Egypt

CBE receives 27 offers worth $1.241bn for local treasury bills tender

The Central Bank of Egypt (CBE) received 27 offers amounting to $1.241bn…

Hossam Mounir

CBE to offer a $1bn treasury bill tender on Monday

The Central Bank of Egypt (CBE) will offer a $1bn local treasury…

Hossam Mounir

Banque Misr launches instant money transfer service for Egyptian expats

Banque Misr has introduced a new instant money transfer service that allows…

Daily News Egypt

CBE reports $26.3bn in remittances for 11M 2024

The Central Bank of Egypt (CBE) has announced a remarkable rise in…

Hossam Mounir