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

After recent 2% rate cut, CBE signals shift in monetary policy

This year marks a significant shift in the Central Bank of Egypt’s…

Hossam Mounir

CBE net profit surges to EGP 77.5bn in June 2025

The Central Bank of Egypt (CBE) reported a sharp rise in profitability,…

Hossam Mounir

CBE poised for rate cut as inflation cools, growth needs rise

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Hossam Mounir

ADIB Egypt partners with EHA to drive investment in health sector

Mohamed Ali, CEO and Managing Director of Abu Dhabi Islamic Bank (ADIB)…

Daily News Egypt

ABK-Egypt renews bancassurance partnership with MetLife for seven years

Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) announced on Sunday the renewal…

Daily News Egypt

Saib signs EGP 4.8bn financing deal for ‘Taj Tower’ in New Capital

Saib Bank has signed a medium-term financing agreement with the Egyptian International…

Daily News Egypt

Egypt’s Islamic banking market reaches EGP 1.303trn in June 2025

Egypt's Islamic banking sector has seen significant growth, with total market size…

Hossam Mounir

CIB Finance portfolio exceeds EGP 4.1bn in first year of operations

CIB Finance Company (CIFC), a subsidiary of the Commercial International Bank Egypt…

Daily News Egypt

CBE reports developments in Egypt’s external debt in 2024

Egypt’s external debt stood at $155.1bn in December 2024, up by about…

Hossam Mounir

CBE’s net foreign assets climb to $10.5bn in July 2025

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

Hossam Mounir