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

BoP records overall deficit of $10.5bn in FY 2021/22: CBE

Tourism revenues rose by $5.9bn to $10.7bn

Hossam Mounir Hossam Mounir

Domestic liquidity in Egyptian banking sector increases to EGP 6.808trn in August 2022: CBE

Volume of non-governmental bank deposits in local currency increased to EGP 5.128trn

Hossam Mounir Hossam Mounir

CIB participates in 2022 IIF Emerging Markets Sustainable Finance Summit

The summit aimed to capitalize on the tremendous success of the 2021…

Daily News Egypt Daily News Egypt

CBE announces major financial soundness indicators in Egypt’s banking sector during 1H 2022

Total financial position of banks in Egypt increased to EGP 10.037trn

Hossam Mounir Hossam Mounir

Central Bank of Egypt keeps interest rates unchanged

Central Bank of Egypt decides to increase banks' required reserve ratio to…

Daily News Egypt Daily News Egypt

CBE issues new decisions, controls to regulate import operations, cash deposits in foreign currencies

CBE issues new decisions, controls to regulate import operations, cash deposits in…

Hossam Mounir Hossam Mounir

Total credit portfolio of ABE by end of August 2022 reached EGP 60.204bn: Chairperson

Total funds granted to agricultural sector, related activities estimated at EGP 43.535bn…

Hossam Mounir Hossam Mounir

Visa, CIB announce recipients of first Egypt edition of Visa She’s Next programme

Award-winning women-owned small businesses will each receive $10,000 grant and one year…

Daily News Egypt Daily News Egypt

CIB integrates ESG principles into internal policies of departments

The policies have been developed in line with local and global standards…

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Renewable energy storage a priority to ensure flexibility, balance, needs: IRENA

We support Egypt in the transition to clean energy: Director-General

Mohamed Farag Mohamed Farag