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

Egypt’s net international reserves climb to $47.76bn in March 2025: CBE

Egypt’s net international reserves rose to $47.757bn in March 2025, up from…

Hossam Mounir

United Bank approves 2024 financial statements, reviews growth, expansion plans

United Bank held its General Assembly meeting under the chairmanship of Omar…

Daily News Egypt

US dollar surges EGP 0.53 at Sunday close

The official exchange rate of the US dollar at the Central Bank…

Hossam Mounir

Net foreign assets in Egypt’s banking sector rise by $1.5bn in February 2025

The Central Bank of Egypt (CBE) announced that net foreign assets within…

Hossam Mounir

FRA approves four banks to trade government securities, financial instruments on secondary market

The Registration and Licensing Committee of the Financial Regulatory Authority (FRA), established…

Daily News Egypt

Financial position of banks operating in Egypt reaches EGP 20.799trn in 2024

The Central Bank of Egypt (CBE) announced that the total financial position…

Hossam Mounir

CBE launches annual Women’s Financial Inclusion Event

As part of its commitment to enhancing women's access to formal financial…

Daily News Egypt

Egyptian Parliament approves EBRD expansion into Sub-Saharan Africa and Iraq

The Egyptian House of Representatives has approved an amendment to the European…

Daily News Egypt

WE, CIB forge strategic partnership to deliver cutting-edge digital financial services

Egyptian telecommunications and IT services provider WE has entered into a strategic…

Daily News Egypt

Annual urban inflation drops sharply to 12.8% in February 2025: CBE

Egypt’s annual urban headline inflation fell significantly to 12.8% in February 2025,…

Hossam Mounir