Latest Banking News
CBE’s interest rate decision: Anticipation of no change
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is…
NBE, CIB receive awards at EBRD Annual Meetings
The National Bank of Egypt (NBE) and the Commercial International Bank (CIB)…
Egypt’s urban inflation sees significant slowdown to 32.5% in April 2024: CBE
The Central Bank of Egypt (CBE) reports that annual urban headline inflation…
CIB reports record-breaking financial results in Q1 2024 amidst economic reforms
Bank records consolidated net income of EGP 11.9bn in Q1 2024, translating…
Suez Canal Bank announces substantial growth in net profits
Robust expansion in financial position, credit portfolio
CBE lays down guidelines for banks on handling customer complaints
New guidelines to ensure equitable and transparent complaint resolution to bolster banking…
Local liquidity in Egyptian banking sector reaches EGP 10trn in March 2024
Total non-governmental deposits in local currency at banks hit EGP 6.452trn
$17.7bn drop in banking sector’s net foreign assets deficit during March 2024: CBE
The net foreign assets deficit in Egypt’s banking sector decreased to $4.2bn…
CBE to offer $980m in treasury bills
The Central Bank of Egypt (CBE) is set to auction local USD-denominated…
EGP 2.8trn increase in total financial position of banks during 2023: CBE
Customer deposits increase to EGP 10.163trn in 2023, compared to EGP 8.580trn…