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

Banks operating in Egypt post EGP 373.133bn net profit in H1 2026: CBE

Banks operating in the Egyptian market recorded net profits of EGP 373.133bn…

Hossam Mounir

ABE financing grows 25% in six months, loan portfolio exceeds EGP 110bn: CEO

Mohamed Abu El-Saud, CEO of the Agricultural Bank of Egypt (ABE), said…

Daily News Egypt

CIB extends $80m medium-term financing for Eroglu Knitting expansion in Egypt

Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing…

Daily News Egypt

CBE lowers inflation forecasts, keeps key rates unchanged

The Central Bank of Egypt (CBE) has lowered its inflation forecasts, expecting…

Hossam Mounir

CBE to decide on EGP interest rates Thursday amid expectations of fifth consecutive hold

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will hold…

Hossam Mounir

Egyptian government and CBEdraft National Economic Transformation Programme

Egyptian Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdalla met…

Daily News Egypt

CBE governor heads Egypt delegation at 48th annual AACB meetings

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), headed Egypt’s…

Daily News Egypt

Central Bank of Egypt Governor discusses African payment network expansion at Nairobi meeting

Central Bank of Egypt (CBE) Governor Hassan Abdalla participated in the 14th…

Daily News Egypt

Banks, mortgage finance companies provide EGP 111.131bn under housing initiative as of July 2026

Banks and mortgage finance companies participating in the mortgage finance initiative for…

Hossam Mounir

CBE explains drivers behind inflation slowdown in August 2026

Egypt’s annual urban headline inflation slowed to 14.5% in August 2026, down…

Hossam Mounir