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 receives 28 offers worth €922.8m to cover local euro-denominated T-bills issuance

The Central Bank of Egypt (CBE) received 28 offers worth €922.8m to…

Hossam Mounir Hossam Mounir

CIB reports Q3 standalone revenues of EGP 25.2bn

The Commercial International Bank – Egypt (CIB) has reported third-quarter 2024 standalone…

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Banque Misr considers launching new mortgage funds

Hassan Samir, Head of Real Estate Investment and Development at Banque Misr,…

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Banks’ commitment to foreign currency requirements for import

Through its distinguished monetary policy and wise decisions, the Central Bank of…

Mohamed Abdel Aal Mohamed Abdel Aal

Agricultural Bank’s loan portfolio increases to EGP 80.3bn in Q3 2024

The Agricultural Bank of Egypt (ABE) concluded the third quarter (Q3) of…

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CBE welcomes Zambia, Eswatini delegations to share experiences on MSME finance

Within the context of Egypt's commitment to enhancing cooperation with African countries…

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Banking sector’s net foreign assets record $10.3bn surplus in September: CBE

The Central Bank of Egypt (CBE) revealed that the net foreign assets…

Hossam Mounir Hossam Mounir

United Bank to offer 30% on EGX in Q4

United Bank will offer 30% of its shares on the Egyptian Exchange…

Hossam Mounir Hossam Mounir

Consortium of Egyptian banks provides EGP 18bn loan to Telecom Egypt

A consortium of 13 Egyptian banks has provided Telecom Egypt, the country's…

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EGX mandates United Bank to complete offering within six months of listing

The Securities Listing Committee of the Egyptian Exchange (EGX) has mandated that…

Hossam Mounir Hossam Mounir