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

Inflation to stabilize until late 2024 despite upward risks: CBE

The Central Bank of Egypt (CBE) expects inflation to stabilize at its…

Hossam Mounir

Banque Misr arranges EGP 2.8bn worth of syndicated funding to Landmark Development

A banking alliance, led by Banque Misr, provided syndicated financing worth EGP…

Daily News Egypt

United Bank to launch private placement on EGX

Egypt’s United Bank has announced the opening of the private placement market…

Hossam Mounir

ADIB-Egypt receives Global Finance Magazine’s “Best Islamic Financial Institution in Egypt” award for 7th year

Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) received Global Finance Magazine’s "Best Islamic Financial…

Daily News Egypt

Annual urban inflation remains stable at 26.5% in October: CBE

Egypt’s annual urban headline inflation remained broadly stable for the third consecutive…

Daily News Egypt

MIDBANK offers over EGP 2bn in syndicated facility to four mega projects

MIDBANK has announced its participation in a syndicated facility to finance several…

Hossam Mounir

HDB achieves independent profits of EGP 12.275bn in September, with 76.8% growth

Housing and Development Bank (HDB) has cemented its leading position as one…

Hossam Mounir

Banque du Caire offers EGP 10bn syndicated medium-term facility to Misr Petroleum

Banque du Caire, the National Bank of Egypt (NBE), and seven other…

Hossam Mounir

Suez Canal Bank’s net profits grow 130% to EGP 3.1bn in September 2024

Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, has…

Hossam Mounir

CBE secures top places at 12th Regional Cybersecurity Competition

The Egyptian Computing Incident Response Team (EG-CIRT) and the Computing Incident Response…

Daily News Egypt