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

CBE aims to keep up with financial technology developments: Deputy Governor

Number of startups in industry increases fivefold from 2017 to 2022

Hossam Mounir Hossam Mounir

How CIB outperforms its peers on EGX in 3Q 2023

CIB’s stock surges above fair value: What’s behind its growth?

Hossam Mounir Hossam Mounir

ADCB leads pack with 35% market share

In a dynamic banking landscape, smaller banks continue to outpace their larger…

Daily News Egypt Daily News Egypt

ADIB Egypt among five fastest-growing banks listed on EGX: CEO

27.21% growth in total assets during 9M 2023

Amany Radwan Amany Radwan

Digital services, customer satisfaction put CIB in the lead

Digital services have become indispensable in the banking sector, significantly influencing customer…

Daily News Egypt Daily News Egypt

Faisal Islamic Bank leads tier-1 capital adequacy index at 27.5%

The capital adequacy ratio of the Egyptian banking sector decreased in 2022…

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Banque du Caire launches electronic signature service for companies, financial institutions

Bank obtains ISO 27001 certification for information security sector

Daily News Egypt Daily News Egypt

NBE tops list of banks in mortgage finance initiative for low-income individuals in October 2023

Bank offers EGP 16.825bn in mortgage finance to 141,971 customers, accounting for…

Hossam Mounir Hossam Mounir

CIB reports 3Q 2023 consolidated net income of EGP 8.35bn

CIB’s 3Q 2023 standalone net interest income records EGP 37.6bn, increasing by…

Hossam Mounir Hossam Mounir

Egypt’s international reserves increase by $131m in October: CBE

The Central Bank of Egypt (CBE) reported on Sunday that its international…

Hossam Mounir Hossam Mounir