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

aiBANK rebrands as Bank NXT: Focused on empowering clients’ financial future

aiBANK has announced a comprehensive rebranding, unveiling its new brand name and…

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Central Bank of Egypt to launch investment guarantee agency for Africa Tuesday

The Central Bank of Egypt (CBE) will launch an investment guarantee agency…

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Islamic banking in Egyptian market hits EGP 737bn in June 2024

A recent report by the Egyptian Islamic Finance Association (EIFA) highlights the…

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Financial position of banks operating in Egypt soars to EGP 19.336trn in mid-2024: CBE

The Central Bank of Egypt (CBE) has reported a significant rise in…

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Al-Mashat, Abdelatty meet with World Bank MD at UNGA

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met…

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AIIB chief honours Egyptian Minister of Finance

Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), honoured Ahmed…

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CBE to list stake in United Bank on EGX by Q1 2025

The Central Bank of Egypt (CBE) has announced plans to offer a…

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Banks operating in Egyptian market achieve net profits worth EGP 289.409bn in H1 2024: CBE

The Central Bank of Egypt reported that banks operating in the Egyptian…

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NBE, Banque Misr restructure their boards

Egypt’s Prime Minister Mostafa Madbouly issued a decree restructuring the boards of…

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Banque Misr achieves pre-tax profits of EGP 80.9bn in 2023

Banque Misr's general assembly approved last Thursday the financial statements for the…

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