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…
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.…
Agricultural Bank of Egypt forms new board for three-year term
The Agricultural Bank of Egypt (ABE) has announced the formation of a…
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…
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,…
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…
CIB reports strong Q1 2025 results with net income up 39% YoY
Commercial International Bank – Egypt (CIB) reported consolidated net income of EGP…
Egyptian expat remittances surge to $32.6bn after March 2024 reforms: CBE
The Central Bank of Egypt (CBE) announced on Monday that remittances from…
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…
Suez Canal Bank completes EGP 5.8bn in Sharia-compliant sukuk issuances
The Suez Canal Bank has successfully completed two sukuk issuances totaling EGP…