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

Volume of Islamic banking in Egypt increased to EGP 434bn in March

Faisal Bank came in first place with a turnover worth EGP 137bn

Shaimaa Raafat Shaimaa Raafat

New savings certificates aim to enhance bank’s long-term, fixed-return savings products: CIB

Customers will be given new options to encourage them to start their…

Daily News Egypt Daily News Egypt

Egypt’s HDB records 7.8% growth, total profits of EGP 878m in 1Q 2022

Chairperson says plans for growth, development of HDB lead to rapid growth…

Hossam Mounir Hossam Mounir

ADCB – Egypt sees sturdy jump in net profits of 68% in 1Q 2022

Bank achieves tangible progress in implementing its five-year strategy to enhance brand…

Daily News Egypt Daily News Egypt

ABE Chairperson, New Valley Governor open recently developed bank branch in Kharga

ABE’s top priority is to support financial inclusion, in implementation of CBE’s…

Hossam Mounir Hossam Mounir

CBE explains its reasoning for raising interest rates by 2%

MPC decided that raising policy rates is necessary to contain inflationary pressures,…

Hossam Mounir Hossam Mounir

CBE to discuss interest rates, EGP’s value on Thursday amid strong expectations of hike

The current interest rates are 9.25% for deposit, 10.25% for lending, and…

Hossam Mounir Hossam Mounir

CBE will not hesitate to take measures it deems necessary to curb inflation: CBE Governor

The governor added that negotiations with the IMF are going well

Hossam Mounir Hossam Mounir

HDB wins two awards for being most efficient bank in providing mobile and internet banking services

World Business Outlook aims to highlight the outstanding achievements of financial and…

Daily News Egypt Daily News Egypt

HSBC launches $1bn lending fund for female entrepreneurs in Egypt, 10 other markets

This comes alongside the introduction of the ‘HSBC Roar Initiative’, which enables…

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