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 annual urban inflation slows to 13.9% in July: CBE

Annual urban headline inflation in Egypt eased for the second consecutive month,…

Hossam Mounir

Egypt’s Al-Sisi meets central bank chief, calls for continued efforts to increase dollar inflows

Egyptian President Abdel Fattah Al-Sisi on Monday stressed the need to continue…

Daily News Egypt

Al-Sisi extends Hassan Abdalla’s term as CBE acting governor

President Abdel Fattah Al-Sisi has issued a presidential decree extending the mandate…

Hossam Mounir

Misr Digital Innovation gains Central Bank approval to transition into ‘onebank’

Misr Digital Innovation has received approval from the Central Bank of Egypt…

Daily News Egypt

CBE hosts high-level delegation from Central Bank of Iraq

The Central Bank of Egypt (CBE) recently hosted a high-level delegation from…

Daily News Egypt

United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year

United Bank reported a net profit of EGP 1.508bn for the first…

Daily News Egypt

ADIB Egypt reports EGP 8.4bn profits in June 2025

Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) announced strong financial results for the…

Daily News Egypt

Saib posts $16.86m net profit in H1 2025

Saib reported a net profit of $16.863m for the first half (H1)…

Daily News Egypt

HDB reports record EGP 8.93bn net profit in H1 2025, up 73.1%

Housing and Development Bank (HDB) recorded unprecedented growth across all business lines…

Hossam Mounir

MSMEDA, Banque du Caire ink EGP 500m agreements to finance 5,300 micro-enterprises

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Banque du…

Hossam Mounir