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

Islamic banking in Egypt increases to EGP 1.14trn in 2024

The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing…

Hossam Mounir

Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025: CBE

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

Hossam Mounir

CIB, Kenya Bankers Association launch 3rd Credit Analysis Programme for university graduates

Commercial International Bank – Egypt (CIB) and Kenya Bankers Association (KBA) have…

Daily News Egypt

Egyptian remittances: Cornerstone of economic stability

Remittances from Egyptians working abroad remain one of the most significant and…

Mohamed Abdel Aal

Private banks in Egypt achieve record profits in 2024

Private banks operating in the Egyptian market recorded unprecedented profits in 2024,…

Hossam Mounir

CBE hosts Bank of Tanzania delegation to strengthen African financial cooperation

As part of Egypt’s commitment to deepening ties with African nations, the…

Daily News Egypt

CIB successfully closes EGP 7bn Sukuk issuance for “Tasaheel”

The Commercial International Bank (CIB) has successfully completed an EGP 7bn non-sovereign…

Daily News Egypt

Egypt’s banking sector expands sustainable finance initiatives

Egypt’s banking sector, under the leadership of the Central Bank of Egypt…

Hossam Mounir

Saib reports EGP 1.74bn net profits in December 2024, achieving 81% growth

Saib bank concluded 2024 with an exceptional 81% surge in net profits,…

Hossam Mounir

HDB doubles net profits to EGP 11bn in 2024, marking 83.1% surge

The Housing and Development Bank (HDB) has reported a substantial increase in…

Hossam Mounir