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

Opinion | A review of inflation targeting policy

Since March 2024, the Central Bank of Egypt (CBE) has played a…

Mohamed Abdel Aal

We target a profit of EGP 4.3bn in 2025: United Bank CEO

Ashraf El-Kady, CEO and Managing Director of United Bank, has outlined the…

Hossam Mounir

Localising Egyptian industry, expanding market share, key targets for Industrial Development Bank in 2025: CEO

Hussein Refaie, CEO and Managing Director of the Industrial Development Bank (IDB)…

Hossam Mounir

Egypt well-positioned to capitalise on growth potential, solidify regional economic powerhouse status: HSBC Egypt CEO

Amidst a landscape of evolving economic refor\ms and regional uncertainties, Egypt remains…

Hossam Mounir

Arkan Palm, CIB partner to develop 16,000 sqm headquarters in Sheikh Zayed’s Financial District

Arkan Palm for Real Estate Development, a subsidiary of Badr El Din…

Daily News Egypt

CIB signs EGP 1.8bn financing agreement with CRC for Solana project in New Zayed

Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing…

Daily News Egypt

Foreign asset surplus in Egypt’s banking sector reaches $5.2bn in 2024

The Central Bank of Egypt (CBE) reported that the net foreign assets…

Hossam Mounir

CBE hosts Yemeni delegation to share Egypt’s pioneering experience in payment systems

The Central Bank of Egypt (CBE) recently hosted a delegation from the…

Daily News Egypt

IFC, CIB partner to support decarbonization across key sectors in Egypt

The International Finance Corporation (IFC) has announced a partnership with the Commercial…

Daily News Egypt

FABMISR’s net profit soars 153% to EGP 26.3bn in 2024

First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating…

Hossam Mounir