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

CIB provides $72m financing to Paradise to build region’s largest eco-friendly fabric plant

Commercial International Bank–Egypt (CIB) has signed a partnership and financing agreement with…

Daily News Egypt

MARAKEZ secures EGP 3bn credit facility from Banque Misr

Banque Misr has signed a medium-term loan agreement with MARAKEZ, one of…

Daily News Egypt

CIB backs Elsewedy Electric’s first European expansion with €58m financing for Hungary power project

The Commercial International Bank Egypt (CIB) has signed a financing and partnership…

Daily News Egypt

Banks inject EGP 99.5bn into low, middle-income mortgage initiatives by January 2026

Banks and mortgage finance companies participating in Egypt’s low- and middle-income mortgage…

Hossam Mounir

CBE governor, IMF chief discuss economic reform programme at Arab Public Finance Forum

Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina…

Daily News Egypt

MSMEDA extends EGP 400m SME financing to Banque du Caire

Banque du Caire has signed a new EGP 400m financing agreement with…

Hossam Mounir

NBE arranges EGP 1.42bn syndicated facility for Al Qamzi’s SEAZEN project

The National Bank of Egypt (NBE) has arranged a syndicated financing facility…

Daily News Egypt

CBE attracts $1.14bn in bids for dollar-denominated T-bill auction

The Central Bank of Egypt (CBE) received bids worth $1.141bn in its…

Hossam Mounir

CBE to launch $950m T-bill tenders on Monday

The Central Bank of Egypt (CBE) is set to offer a local…

Hossam Mounir

CBE launches Soft POS service for contactless mobile payments to cut merchant costs

The Central Bank of Egypt (CBE) has officially launched a contactless electronic…

Daily News Egypt