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 to issue $1.6bn worth T-bills on Monday

Proceeds of bid directed to pay previous tender worth $1.585bn

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HDB reports EGP 2.038bn profits before taxes in September 2021, with 6.5% growth

Bank’s recent results reflect strong operational performance, developing clear strategy to be…

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Keeping policy rates unchanged remains consistent with 7% (±2%) inflation target: CBE

Yields on Egyptian Eurobonds have been broadly stabilized in August 2021 after…

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CBE approves instant payment network regulations, to be launched in current quarter

Regulations aim to allow payments sent between accounts at different banks to…

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Egypt is a very dynamic market with great potential: HSBC Egypt Chairperson

Egypt is one of main arteries for flow of global trade, which…

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CBE launches 23 initiatives to support Egyptian economy during COVID-19 crisis: FEB chief

Six banks offer VACSERA EGP 170m to produce COVID-19 vaccine: El-Etreby

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Egyptian banking sector’s net foreign assets exceed $11bn in September 2021: CBE

Non-governmental deposits in local currency record EGP 4.239trn in September 2021

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ADCB – Egypt wins 5 awards, ElSewerky named CEO of the Year 2021

Ihab ElSewerky, CEO and Managing Director of ADCB-Egypt, was honoured during the…

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CBE expected to keep interest rates on hold for eighth time in a row

The MPC periodic meeting comes amid strong market expectations that it will…

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Ending state of emergency in Egypt to attract more FDIs, improve credit rating: Banking leaders

On Monday evening, Al-Sisi announced ending the extension of the state of…

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