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

Egypt’s net international reserves rise to $57.214bn in August

Egypt’s net international reserves rose by $920 million to reach $57.214 billion…

Daily News Egypt

CIB completes EGP 1.383bn securitisation issuance for Egypt’s MSMEDA

Commercial International Bank - Egypt (CIB) has successfully completed the first EGP…

Daily News Egypt

Egyptian banking sector net foreign assets rise to $28.418bn in July 2026: CBE

The Central Bank of Egypt (CBE) said the banking sector’s net foreign…

Hossam Mounir

NBE’s corporate finance, syndicated loans portfolio reaches EGP 5.5trn in June 2026

The National Bank of Egypt’s (NBE) corporate finance and syndicated loans portfolio…

Daily News Egypt

HDB conducts cyberattack simulation exercise with Unit 42

The Housing and Development Bank (HDB) has conducted a cyberattack simulation exercise,…

Daily News Egypt

CIB launches first Executive Master’s programme in Banking, Credit with AUC

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

Daily News Egypt

SODIC secures EGP 7.5bn CIB facility to finance June North Coast project

SODIC has signed a medium-term facility agreement worth EGP 7.5bn with Commercial…

Daily News Egypt

Banque Misr Clarifies the Position of Its UAE Branch Regarding the U.S. Regulatory Action

With reference to the announcement by the U.S. Department of the Treasury…

Daily News Egypt

Iran-US conflict continues to weigh on global, domestic economies: CBE

The Central Bank of Egypt (CBE) has said the persistence of the…

Hossam Mounir

CBE issues regulations governing eKYC services to support digital banking, financial inclusion

The Central Bank of Egypt (CBE) has approved regulations governing the services…

Daily News Egypt