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

Tamer Seif El-Din appointed as CEO and Managing Director of aiBANK

The appointment came after the completion of the acquisition of 76% of…

Hossam Mounir

CBE reveals developments in commodity prices in 2021

Egypt’s annual urban inflation records 5.2% in 2021, compared to 5% in…

Hossam Mounir

Egyptian banking sector handles pandemic’s repercussions efficiently: CBE

Banks adopt special measures that result in growth of their credit, investment…

Hossam Mounir

Foreigners account for 22.6% of Egypt’s T-bills issuances in 1H 2021: CBE

In a financial stability report issued at the end of last week,…

Hossam Mounir

NBE manages 51 financing deals worth over EGP 235bn in 2021

Bank ranks first in Egyptian, African banking markets as financing agent, main…

Hossam Mounir

Local currency non-governmental bank deposits grow to EGP 4.38trn in November 2021: CBE

In a recent report, the CBE explained that deposits in local currency…

Hossam El-Din Talaat

CBE approves launch of e-portal for smartphone wallet management

There are over 25 million e-wallets now in Egypt, with 27% growth…

Hossam Mounir

CBE receives 33 bids worth $1.037bn for T-bills issuance denominated in US currency

The Central Bank of Egypt (CBE) received 33 bids from local and…

Hossam Mounir

ADIB-Egypt’s groundbreaking ‘Xcite’ account provides financial freedom for youth

ADIB-Egypt has launched its innovative “Xcite” new account, designed exclusively for 16…

Daily News Egypt

Suez Canal Bank participates in 2 securitisation issuances worth EGP 200m

The bank participated with EGP 100m in the securitisation issuance of Global…

Daily News Egypt