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 reports increase in foreign assets surplus to $11.8bn in November 2024

The Central Bank of Egypt (CBE) announced a net foreign assets surplus…

Hossam Mounir

Suez Canal Bank provides Ashry Steel Group with EGP 2.35bn credit facility to support expansion

Suez Canal Bank has signed a cooperation protocol to provide Ashry Steel…

Daily News Egypt

CBE reports decline in annual core inflation to 23.7% in November

The Central Bank of Egypt (CBE) has reported a slight decrease in…

Hossam Mounir

CBE hosts inaugural meeting of African Financial Stability Committee

In line with presidential directives to boost Egyptian-African cooperation and integration, the…

Daily News Egypt

CIB partners with Chamber of Food Industries to boost Egypt’s food sector, export growth

The Commercial International Bank – Egypt (CIB) has signed a strategic sponsorship…

Daily News Egypt

CBE completes business continuity drill to test emergency response, remote operations

The Central Bank of Egypt (CBE) recently completed its annual Business Continuity…

Daily News Egypt

71.5% financial inclusion achieved: How do CBE, banking sector transform access to services?

The Central Bank of Egypt (CBE), in collaboration with the banking sector,…

Daily News Egypt

Three banks arrange EGP 5bn syndicated loan for NERIC

Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry…

Daily News Egypt

Banque Misr presents Apple Pay, offering smooth, sound payment process

Banque Misr, a leading force in Egypt's digital payment ecosystem, has partnered…

Daily News Egypt

NBE unveils Apple Pay for seamless, secure payments

The National Bank of Egypt (NBE), the largest commercial bank in the…

Daily News Egypt