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

Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival in exclusive ‘Spend & Win’ campaign

Suez Canal Bank, in partnership with Mastercard, has successfully concluded its "Spend…

Daily News Egypt

Egypt’s economic reset: Signs of stabilization and a path forward

Simon Williams, HSBC’s Chief Economist for Central & Eastern Europe, the Middle…

Daily News Egypt

FABMISR leads EGP 4.2bn loan for Redcon’s Golden Gate project in Egypt

First Abu Dhabi Bank Misr (FABMISR) is leading an EGP 4.2bn syndicated…

Daily News Egypt

Islamic banking in Egypt surges to EGP 1.08trn in March 2025

The volume of Islamic banking in Egypt reached EGP 1.079trn in March…

Hossam Mounir

Banks inject EGP 82.1bn into low-income mortgage initiative until April 2025

The Social Housing and Mortgage Finance Fund (SHMFF) has announced that banks…

Hossam Mounir

Private sector lending rises 10.1% in Q1 2025 as inflation eases: CBE

The Central Bank of Egypt (CBE) has announced that local currency loans…

Hossam Mounir

EBRD, Banque Misr provide $80m syndicated loan to Orange Egypt for 5G expansion

The European Bank for Reconstruction and Development (EBRD) and Banque Misr have…

Daily News Egypt

NBE, Banque Misr cut EGP savings rates by 1%, halt USD certificates with local currency payouts

The National Bank of Egypt (NBE) and Banque Misr announced interest rate…

Hossam Mounir

AfDB commits $746M to Egypt in 2025, targeting private sector, pharma, and clean energy

The African Development Bank (AfDB) will provide Egypt with $746m in funding…

Shaimaa Al-Aees

Banque Misr, ADCB arrange EGP 1.3bn syndicated loan for Palm Hills’ Casa Cook hotel project

A banking consortium led by Banque Misr, in cooperation with Abu Dhabi…

Hossam Mounir