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

Banks in Egypt report EGP 152.8bn in net profits for Q1 2025: CBE

Banks operating in the Egyptian market recorded net profits of approximately EGP…

Hossam Mounir

CBE Deputy Governor attends ceremony appointing DPI as new manager of ‘Nclude’

As part of ongoing efforts to support fintech innovation, drive digital transformation,…

Daily News Egypt

Why has Egyptian state allocated land to Ministry of Finance?

President Abdel Fattah Al-Sisi has issued Presidential Decree No. 303 of 2028,…

Mohamed Abdel Aal

Financial position of banks in Egypt rises to EGP 22.039trn in February 2025

The Central Bank of Egypt (CBE) has reported that the consolidated financial…

Hossam Mounir

AAIB named best sustainable, investment bank in Egypt by International Banker

In a testament to its leadership in both the Egyptian and regional…

Daily News Egypt

Local liquidity in Egyptian banking sector rises to EGP 12.684trn in April: CBE

The Central Bank of Egypt (CBE) reported a rise in local liquidity…

Hossam Mounir

Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival in exclusive ‘Spend & Win’ campaign

Suez Canal Bank, in partnership with Mastercard, has successfully concluded its "Spend…

Daily News Egypt

Egypt’s economic reset: Signs of stabilization and a path forward

Simon Williams, HSBC’s Chief Economist for Central & Eastern Europe, the Middle…

Daily News Egypt

FABMISR leads EGP 4.2bn loan for Redcon’s Golden Gate project in Egypt

First Abu Dhabi Bank Misr (FABMISR) is leading an EGP 4.2bn syndicated…

Daily News Egypt

Islamic banking in Egypt surges to EGP 1.08trn in March 2025

The volume of Islamic banking in Egypt reached EGP 1.079trn in March…

Hossam Mounir