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

Banque du Caire posts 16% rise in Q1 2026 net profit to EGP 4bn

Banque du Caire reported strong financial performance during the first quarter (Q1)…

Daily News Egypt

Egypt steps up preparations to host 33rd Afreximbank Annual Meetings in Alamein

Central Bank of Egypt (CBE) Governor Hassan Abdalla and African Export-Import Bank…

Daily News Egypt

Egypt’s Nasser Social Bank sets FY 2026/27 draft budget at EGP 44.7bn

Egypt's Nasser Social Bank has drafted a budget of EGP 44.7bn for…

Daily News Egypt

CIB posts Q1 2026 consolidated revenue of EGP 31.2bn, net profit of EGP 17.8bn

Commercial International Bank (CIB) reported consolidated net profit of EGP 17.8bn for…

Daily News Egypt

Banque Misr funds Andalusia Hospital Maadi expansion with EGP 300m, $6.5m over 8 years

Banque Misr has signed an eight-year financing agreement worth EGP 300m and…

Daily News Egypt

Egyptian banking sector’s net foreign assets decline to $21.3bn in March 2026: CBE

The Egyptian banking sector’s net foreign assets (NFA) stood at $21.32bn, equivalent…

Daily News Egypt

Egypt’s external debt rises to $163.7bn in September 2025 despite improved indicators: CBE

Egypt’s external debt rose to $163.7bn in September 2025, an increase of…

Hossam Mounir

Cryptocurrencies reshape monetary policy, challenge central banks

Digital currencies are reshaping the global financial landscape and imposing unprecedented challenges…

Daily News Egypt

Commercial International Bank completes EGP 2.18bn securitisation for Drive Finance

Commercial International Bank (CIB) has completed its seventh securitisation issuance for Drive…

Daily News Egypt

Egypt repays $6.4bn in external debt service in Q1 2025/26: CBE

The Central Bank of Egypt (CBE) said the government repaid $6.442bn in…

Hossam Mounir