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

MIDBANK extends EGP 1bn credit facilities to Raya Information Technology

MIDBANK has announced the provision of comprehensive credit facilities worth EGP 1bn…

Daily News Egypt

United Bank contributes EGP 600m to syndicated loan worth EGP 6.2bn for Mountain View project

United Bank has participated with EGP 600m in a syndicated long-term loan…

Daily News Egypt

Suez Canal Bank net profits surge 71% to EGP 3.1bn in H1 2025

Suez Canal Bank has reported a sharp rise in profitability for the…

Daily News Egypt

Egypt’s bank deposit, lending rates fall as monetary easing takes hold

The Central Bank of Egypt (CBE) reported that deposit and lending rates…

Hossam Mounir

Egypt launches first-ever bachelor’s degree in banking sciences across commerce faculties

In a landmark step toward cultivating a new generation of banking professionals…

Daily News Egypt

Egypt’s net international reserves hit record $49.04bn in July: CBE

The Central Bank of Egypt (CBE) announced on Tuesday that the country’s…

Hossam Mounir

Egypt’s banking sector net foreign assets rise to $14.94bn in June 2025

The Central Bank of Egypt (CBE) announced that net foreign assets held…

Hossam Mounir

Banking consortium grants EGP 6.2bn syndicated loan to Mountain View for East Cairo project

A banking consortium led by Banque Misr—acting as the financing agent, security…

Daily News Egypt

CBE hosts Kenyan delegation to share cybersecurity expertise

The Central Bank of Egypt (CBE) welcomed on Sunday a high-level delegation…

Daily News Egypt

We safeguard resilience of Egypt’s banking sector against potential financial crises: CBE

The Central Bank of Egypt (CBE) has reaffirmed its central responsibility in…

Hossam Mounir