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 launches enhanced internet banking platform to accelerate digital transformation

Commercial International Bank – Egypt (CIB) has launched an upgraded version of…

Daily News Egypt

United Bank expands digital services, financing solutions for companies

United Bank has unveiled a new package of digital banking services under…

Hossam Mounir

Customer deposits at banks climb to EGP 13.599trn in December 2024

The Central Bank of Egypt (CBE) reported that customer deposits at banks…

Hossam Mounir

Egypt’s foreign trade reaches $32.24bn in Q1 of FY25: CBE

The Central Bank of Egypt (CBE) has announced that Egypt’s total foreign…

Hossam Mounir

Market awaits reopening of banks to gauge impact of CBE’s 2.25% rate cut on savings, loans

Markets are closely watching the reopening of banks on Tuesday—following the Easter…

Hossam Mounir

Banks direct EGP 3.9bn to priority service sectors in 2024: CBE

The Central Bank of Egypt (CBE) announced that the total contributions made…

Daily News Egypt

CBE poised to cut interest rates as inflation cools

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

Hossam Mounir

Egyptian expat remittances surge to $20bn in first 7 months of FY2024/25: CBE

The Central Bank of Egypt (CBE) has announced that remittances from Egyptians…

Hossam Mounir

Egypt repays $7.95bn in external debt over three months: CBE

The Central Bank of Egypt (CBE) announced that Egypt repaid $7.952bn in…

Hossam Mounir

CBE to launch phase two of remittance digitization project with 12 participating banks

The Central Bank of Egypt (CBE) has announced preparations for the second…

Hossam Mounir