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

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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Fitch downgrades 4 Egyptian banks to B, with negative outlook

The four Egyptian banks' rating downgrade follow a recent similar downgrade of…

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HDB achieves remarkable growth in mobile, internet banking services: CEO Hassan Ghanem

Bank completes its plan to develop its digital services, products in line…

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CIB reports consolidated net income of EGP 6.06bn in 1Q 2023

The Commercial International Bank (CIB) Monday announced that its first-quarter 2023 consolidated…

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Al-Hini elected as HDB’s non-executive chairperson, Ghanem re-elected as CEO

The Housing and Development Bank (HDB) has announced that Basil Al-Haini was…

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ABE receives first batch of locally produced wheat 

Bank receives 277,000 tonnes of wheat with total value of EGP 2.8bn

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Does the dropping inflation give CBE opportunity to raise interest rates?

MPC will hold its third periodic meeting in 2023 this week to…

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