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 general assembly approves issuance of financial instruments worth $1bn 

To support bank's capital base to finance future expansion or investment activities,…

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DNE Awards honours CIB as Most Efficient Egyptian Bank

. The award comes in recognition of CIB's outstanding efforts to finance…

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CBE approves rules governing payment card service codes

Rules require banks to abide by Anti-Money Laundering Law

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22 banks offer EGP 54.3bn in mortgage finance for low-income housing in February 2023

NBE provides EGP 15.464bn in mortgage finance to 133,864 customers, accounting for…

Hossam Mounir Hossam Mounir

Financial position of banks in Egypt breaks EGP 12trn barrier in November 2022: CBE

Bank deposits reach EGP 8.373trn with 28.99% growth, credit facilities increase to…

Hossam Mounir Hossam Mounir

Cabinet’s IDSC discusses fiscal policy trends, debt sustainability

Workshop includes 22 experts from World Bank, banking sector, research centres, besides…

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HDB’s net profit grows 23.3% to EGP 2.257bn in 2022

Bank's business results in 2022 show strength of financial position, strong growth:…

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Banque du Caire launches “Tally” e-payments company, with EGP 500m paid-up capital 

Launch comes in light of bank's strategy to expand in digital transformation…

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saib’s customer base increases by 76% in 2022

SME sector of utmost importance

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