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

Boom in SCBank’s performance indicators since Hussein Refai assumed chairpersonship 5 years ago

The bank won Best CEO Award 2022 from the International Finance (UK)

Hossam Mounir Hossam Mounir

CBE grants ADIB-Egypt preliminary approval to launch prepaid card Takka in collaboration with ADI-Consumer Finance and Meeza

Receiving CBE’s preliminary approval to launch Takka reflects confidence in ADIB-Egypt and…

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saib reports net profit of $26.5m with 87% annual growth in September 2022

Bank’s net profit before taxes amounts to $38.9m up from $36.8m, with…

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QNB Alahli participates in COP27

QNB Group abides by all sustainability standards, certifications, and ESG criteria across…

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HDB launches Housing & Development Properties company for real estate marketing

HDB has over 20 affiliated companies that provide integrated real estate, financing…

Hossam Mounir Hossam Mounir

CIB holds panel discussion on climate change, its impact on financial, economic policies

Banks, international institutions show interest in financial sustainability

Hossam Mounir Hossam Mounir

Egypt’s CIB launches Sustaining SMEs programme

The programme targets the integration of ESG principles into Egypt’s small- and…

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CBE obtains USD for over 4,000 shipments of production requirements, food commodities over past 48 hours

Factories must ensure balance in EGP covers value of shipments according to…

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Egypt records EGP 1.12-trillion-increase in volume of domestic liquidity in banking sector over 9 months: CBE

Total non-governmental deposits in local currency with banks amounted to about EGP…

Hossam Mounir Hossam Mounir

aiBANK launches campaign to finance SMEs with EGP 10m

This campaign is in line with the Egyptian Government and the Central…

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