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

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

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

Hossam Mounir

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…

Daily News Egypt

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…

Hossam Mounir

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…

Hossam Mounir

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

Hossam Mounir

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…

Hossam Mounir

Fitch downgrades 4 Egyptian banks to B, with negative outlook

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

Daily News Egypt

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

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

Daily News Egypt

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…

Hossam Mounir

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…

Hossam Mounir