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

HSBC to review retail banking business in Egypt

HSBC Egypt announced that its parent company, HSBC Holdings plc (HSBC Group),…

Hossam Mounir

CBE attributes inflation slowdown to easing food prices for fourth consecutive month

Egypt's annual urban headline inflation declined to 11.7% in September 2025, down…

Daily News Egypt

HDB conducts cyberattack simulation in collaboration with Google Mandiant

The Housing and Development Bank (HDB) has conducted a tabletop exercise simulating…

Daily News Egypt

Suez Canal Bank signs EGP 30m credit facility with Oliv

Suez Canal Bank and Oliv have announced the signing of a credit…

Daily News Egypt

NBE inaugurates first branch in Saudi Arabia

The National Bank of Egypt (NBE) has announced the inauguration of its…

Hossam Mounir

Credit facilities for top 100 borrowers reach EGP 1.4trn in March 2025: CBE

The Central Bank of Egypt (CBE) reported that outstanding credit facilities extended…

Daily News Egypt

CBE’s net foreign assets exceed $11bn in September 2025

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

Hossam Mounir

Banks, companies inject EGP 92.3bn under mortgage finance initiative for low, middle-income citizens in September 2025

The Social Housing and Mortgage Finance Fund (SHMFF) announced that banks and…

Hossam Mounir

CIB’s Hisham Ezz Al-Arab wins Global Finance lifetime achievement award

Global Finance magazine has recognised Hisham Ezz Al-Arab, Chief Executive Officer and…

Daily News Egypt

CBE, China’s National Financial Regulatory sign MoU to strengthen joint cooperation

In light of the historic ties between Egypt and China, Tarek El-Kholy,…

Daily News Egypt