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 Governor meets IMF official to review progress on Egypt’s economic reforms

Hassan Abdallah, Governor of the Central Bank of Egypt (CBE), met with…

Daily News Egypt

Opinion | Disinflation still faces headwinds, but price growth stabilising and high real rates leave CBE room to cut next week

Headline inflation stood at 13.9% y-o-y in April, broadly unchanged from March.…

Simon Williams

Agricultural Bank of Egypt forms new board for three-year term

The Agricultural Bank of Egypt (ABE) has announced the formation of a…

Hossam Mounir

Suez Canal Bank posts EGP 1.3bn in Q1 profits, doubling year-on-year

Suez Canal Bank reported net profits of EGP 1.3bn for the first…

Hossam Mounir

SAIB Bank delivers strong Q1 2025 results with EGP 51bn in local currency loans

SAIB Bank posted robust financial results for the first quarter of 2025,…

Hossam Mounir

HDB reports EGP 4.82bn net profit in Q1 2025, launching new strategy with strong momentum

The Housing and Development Bank (HDB) has kicked off its 2025–2030 strategic…

Hossam Mounir

CIB reports strong Q1 2025 results with net income up 39% YoY

Commercial International Bank – Egypt (CIB) reported consolidated net income of EGP…

Daily News Egypt

Egyptian expat remittances surge to $32.6bn after March 2024 reforms: CBE

The Central Bank of Egypt (CBE) announced on Monday that remittances from…

Hossam Mounir

AAIB, Al Ahly Pharos to manage EGP 20bn securitization bond programme for Tatweer Misr

The Arab African International Bank (AAIB) and Al Ahly Pharos have been…

Daily News Egypt

Suez Canal Bank completes EGP 5.8bn in Sharia-compliant sukuk issuances

The Suez Canal Bank has successfully completed two sukuk issuances totaling EGP…

Daily News Egypt