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 issues regulatory controls for forward exchange contracts at banks

The Central Bank of Egypt (CBE) issued on Thursday the regulations of…

Daily News Egypt

CIB participates in 3rd World Conference on Mediterranean Diet

The conference was held under the patronage of Italy's Ministry of Foreign…

Daily News Egypt

NBE offers 3-year savings certificate with annual return of 17.25%

The bank issued another 3-year certificate with annual return of 16.25%, which…

Daily News Egypt

115% growth in financial inclusion over past 6 years: Bassiouny

Number of women who own bank accounts increases to 16 million in…

Hossam Mounir

Banks operating in Egypt spend EGP 882.9m in CSR during 1H 2022: CBE advisor

Banking sector is major supporter of all state-initiated social, development initiatives

Hossam Mounir

CIB hosts workshop for Egypt’s textile leaders

CIB’s ‘Sustaining Sectors’ programme is part of Bank’s ongoing mission to promote…

Daily News Egypt

CBE governor to review Egypt’s monetary policies in light of global developments 

Review to take place during third session of Egyptian Economic Conference

Hossam Mounir

IMF to reach Staff Level Agreement with Egypt very soon

Egypt's negotiations with the IMF over started in March. One of the stumbling…

Daily News Egypt

IMF reaches Staff-Level Agreement with Tunisia on $1.9bn Extended Fund Facility

Tunisia reform program will improve tax equity by taking steps to bring…

Daily News Egypt

Egypt’s external debt declined to $155.708bn by end of June: CBE

$129.089bn of the remaining debt is long-term debt and $26.619bn is short-term

Hossam Mounir