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 reports key updates on deposit, lending trends in banks in September 2024

The Central Bank of Egypt (CBE) has unveiled the latest trends in…

Hossam Mounir

Banque Misr signs EGP 300m contract with MSMEDA to fund 3,000 micro-projects

Ahmed Issa, Deputy CEO of Banque Misr, and Basel Rahmy, CEO of…

Daily News Egypt

CIB, MSMEDA sign strategic partnership to support SMEs

Commercial International Bank (CIB) has announced the signing of a strategic cooperation…

Daily News Egypt

CBE’s net foreign assets reach $11.64bn surplus in December 2024

The Central Bank of Egypt (CBE) reported a surplus in its net…

Hossam Mounir

CIB completes EGP 1.56bn securitization deal for B.TECH, serving as financial advisor, arranger, and manager

The Commercial International Bank (CIB) Egypt has successfully concluded the fourth securitization…

Daily News Egypt

CBE explains decline in inflation during December 2024

Annual urban headline inflation decreased to 24.1% in December 2024, down from…

Hossam Mounir

CBE reveals developments in Egypt’s external debt as of June 2024

Egypt’s external debt reached $152.9bn in June 2024, marking a decrease of…

Hossam Mounir

CIB completes EGP 1.82bn securitization transaction for GB Leasing

The Commercial International Bank (CIB) Egypt has successfully completed its ninth securitization…

Daily News Egypt

10th of Ramadan Investors seeks strategic partnership with CIB to enhance Egyptian exports to Africa

The 10th of Ramadan Investors Association recently met with representatives from the…

Daily News Egypt

Egypt’s external debt decreases by $11.8bn in FY24: CBE

The Central Bank of Egypt (CBE) has reported a significant decrease in…

Hossam Mounir