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

Gold surge adds nearly $3bn to Egypt’s international reserves in early 2025

The value of gold in Egypt’s international reserves rose sharply by approximately…

Hossam Mounir

CIB Egypt extends EGP 2.45bn bridge loan to SODIC for North Coast ‘June’ project

Commercial International Bank (CIB) Egypt has signed an EGP 2.45bn bridge loan…

Daily News Egypt

Al Ahly Pharos closes landmark EGP 2.8bn Musharaka Sukuk for Bab Masr Development

Al Ahly Pharos Investment Banking, the investment banking arm of the National…

Daily News Egypt

HDB sponsors GUC career fair to support youth employment

The Housing and Development Bank (HDB) participated as a sponsor in the…

Daily News Egypt

Agricultural Bank of Egypt offers 5-year livestock loans at 5% to support small farmers

The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with…

Daily News Egypt

Banking leaders underscore crucial role of public-private partnerships in advancing development

Senior leaders from Egypt’s banking sector have reiterated the vital importance of…

Hossam Mounir

CBE governor meets Beijing delegation to discuss economic, financial cooperation

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), received a…

Daily News Egypt

CBE receives $1.17bn in bids for dollar-denominated T-bills auction

The Central Bank of Egypt (CBE) attracted bids totaling $1.17bn in its…

Hossam Mounir

CBE to offer $950m dollar-denominated T-Bill tender to cover previous maturity

The Central Bank of Egypt (CBE) will offer a one-year Treasury bill…

Hossam Mounir

CBE governor meets IMF deputy managing director on sidelines of Spring Meetings

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with…

Daily News Egypt