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

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

Domestic liquidity in Egypt’s banking sector rises to EGP 12.566trn in March 2025

Domestic liquidity in Egypt’s banking sector climbed to EGP 12.566trn in March…

Hossam Mounir

Gold surge adds nearly $3bn to Egypt’s international reserves in early 2025

The value of gold in Egypt’s international reserves rose sharply by approximately…

Hossam Mounir

CIB Egypt extends EGP 2.45bn bridge loan to SODIC for North Coast ‘June’ project

Commercial International Bank (CIB) Egypt has signed an EGP 2.45bn bridge loan…

Daily News Egypt

Al Ahly Pharos closes landmark EGP 2.8bn Musharaka Sukuk for Bab Masr Development

Al Ahly Pharos Investment Banking, the investment banking arm of the National…

Daily News Egypt