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

EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE

Total financial position of banks records EGP 15.165trn

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CIB Foundation contributes EGP 40m to Ahl Masr Trauma, Burn Hospital

As diamond sponsor, CIB Foundation plays pivotal role in hospital’s inauguration, attended…

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Suez Canal Bank opens new branch at 6th of October University

Inauguration of bank’s branch comes within its plan to expand, target promising…

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Banking sector engages in second phase of presidential initiative ‘Decent Life’

CBE is committed to improving access to financial services, products, raising living…

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Islamic banking in Egyptian market hits EGP 606bn in 2023

This figure represents approximately 4% of total Egyptian banking sector

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CBE’s measures are necessary to correct Egypt’s economic path: Finance Minister

Minister of Finance Mohamed Maait stated that the Central Bank’s recent measures,…

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Egypt’s policy overhaul sparks hope for economic revival: HSBC’s economist

We leave our end-2024 EGP forecast at 45, see scope for rate…

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Domestic liquidity in Egyptian banking sector nears EGP 9bn in January 2024: CBE

Deposits in local currency rise by EGP 120bn to EGP 6.367trn

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CBE’s interest rate hike sparks reactions from banks

Limited movement in interest rates after first two days of liberalisation

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ADCB – Egypt announces new board of directors for 2028 Vision

Abu Dhabi Commercial Bank – Egypt (ADCB - Egypt) has revealed its…

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