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

Islamic banking in Egypt amounts to EGP 429bn in 2021: Eifa

Islamic deposits record about EGP 350.4bn, financing reaches EGP 328bn

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HDB records 21% increase in pre-provision, tax profit to EGP 2.8bn in 2021

Bank’s business results reflect strength of its financial position, growth rates: Hassan…

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Non-government bank deposits in local currency record EGP 4.457trn in January 2022: CBE

Non-government deposits in foreign currencies reach EGP 659.901bn in January 2022

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saib achieves pre-provision, tax profit of $68.9m in 2021

Continuous growth of bank’s business is supported by ambitious expansion plans: Chairperson…

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Total financial position of banks in Egyptian market approaches EGP 9trn in November 2021: CBE

Bank deposits increase to EGP 6.306trn, credit facilities up to EGP 3.066trn,…

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Suez Canal Bank records 6% by end of 2021

The bank injected EGP 2bn into the initiatives of the Central Bank…

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Keeping policy rates unchanged remains consistent with achieving the CBE’s next inflation target

Domestic economic activity is expected to record robust growth figures along the…

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CIB introduces new segment-based pricing for deposits

New pricing structure is first-of-its-kind in Egypt

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ADCB Egypt emerging strong after one-year operation with net profit increase of 45%

Robust performance driving bank to fastest growing list in Egypt

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Agricultural Bank considers financing solutions for land reclamation in development areas

Bank aims to be leading development institution supporting state efforts: Chairperson Farouk

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