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

CBE launches African Financial Stability Committee digital portal with AACB

The Central Bank of Egypt (CBE), in cooperation with the Association of…

Daily News Egypt

CBE, foreign ministry launch ‘Update Your KYC in Egypt’ initiative for Egyptian expats

The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs…

Hossam Mounir

Emirates NBD to buy HSBC Egypt retail business; HSBC expects $0.3bn gain

Emirates NBD Egypt S.A.E. has entered into definitive agreements to acquire the…

Daily News Egypt

CBE leads publication of Africa’s first Financial Stability Report covering 46 countries

The Central Bank of Egypt (CBE), in its capacity as chair of…

Daily News Egypt

Assets of banks in Egypt rise to EGP 26.887trn in Q1 2026

The combined balance sheet of banks operating in Egypt, excluding the Central…

Hossam Mounir

HDB to expand mortgage finance with innovative, sustainable solutions: Walid Matar

Walid Matar, Assistant Managing Director for Retail Banking, Branches and Mortgage Finance…

Daily News Egypt

CIB, Suez Canal Bank arrange EGP 4.4bn syndicated facility for Al Ahly Sabbour’s Summer project

Al Ahly Sabbour Developments has signed a long-term syndicated financing agreement worth…

Daily News Egypt

CIB posts H1 2026 consolidated net profit of EGP 39.3bn, up 18% year-on-year

The Commercial International Bank (CIB) reported a resilient financial performance for the…

Daily News Egypt

Egypt, Eswatini discuss expanding banking cooperation

Central Bank of Egypt (CBE) Governor Hassan Abdalla received Phil Mnisi, Governor…

Hossam Mounir