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 named Egypt’s Bank of the Year 2025 as factoring portfolio hits EGP 4bn

Commercial International Bank (CIB) has secured The Banker’s Bank of the Year…

Daily News Egypt

Net foreign assets of Egypt’s banking sector rise to $22.6bn in October

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

Daily News Egypt

CBE attracts $1.041bn in bids for USD T-bills, accepts $961m at 3.75% rate

The Central Bank of Egypt (CBE) received 19 bids totaling $1.041bn in…

Hossam Mounir

CBE to Offer $950m Treasury Bills on Monday

The Central Bank of Egypt (CBE) will on Monday offer a local…

Hossam Mounir

FABMISR posts 8% net profit growth in M9 2025 after neutralising FX impact

First Abu Dhabi Bank Misr (FABMISR), one of Egypt’s largest banks, announced…

Daily News Egypt

SCB signs protocol with e-Aswaaq Misr to boost SME financing, drive digital transformation

Suez Canal Bank (SCB) has signed a cooperation protocol with e-Aswaaq Misr,…

Daily News Egypt

CIB launches training programme, awareness campaigns for Global Fraud Awareness Week

The Commercial International Bank–Egypt (CIB) has launched a comprehensive and innovative training…

Daily News Egypt

ABE chair meets Beheira, Daqahleya governors to advance agricultural development

Mohamed Abou El-Saoud, CEO of the Agricultural Bank of Egypt (ABE), met…

Daily News Egypt

Banque Misr signs EGP 3bn revolving credit facility with SODIC

Banque Misr has signed a revolving credit facility agreement worth EGP 3bn…

Daily News Egypt

Egypt businesses eye increased trade, investment with Saudi Arabia: HSBC report

New HSBC research shows Egyptian businesses are turning to Saudi Arabia as…

Daily News Egypt