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 strongly expected to keep basic interest rates unchanged on Thursday

Basic interest rates currently stand at 18.25% for deposit, 19.25% for lending

Hossam Mounir Hossam Mounir

Total financial position of banks in Egypt increases to EGP 12.970trn in 1Q 2023: CBE

The Central Bank of Egypt (CBE) has revealed that the total financial…

Hossam Mounir Hossam Mounir

HDB targets 25% growth in profits, various activities by 2023-end: CEO

96% of bank's profits come from usual operations: Hassan Ghanem

Hossam Mounir Hossam Mounir

Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank

Second largest financial group in Bahrain expands in Egyptian market with ambitious…

Hossam Mounir Hossam Mounir

146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023

Customer deposits increase to EGP 54.9bn, loan portfolio grows to EGP 33bn

Hossam Mounir Hossam Mounir

Suez Canal Bank signs protocol with Chinese TEDA to support investment in SCZone

Bank attaches great importance to Suez Canal Economic Zone: Refaey

Hossam Mounir Hossam Mounir

CIB signs MoU with LinkedIn learning to promote youth learning culture

Commercial International Bank (CIB), Egypt’s leading private sector bank, believes in the…

Daily News Egypt Daily News Egypt

Islamic banking in Egyptian market increases to EGP 544bn in March 2023

Faisal Islamic Bank of Egypt ranks first with EGP 169.2bn turnover, ADIB…

Hossam Mounir Hossam Mounir

Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023

Positive indicators of bank's business results supported by unique business model: Fayed

Hossam Mounir Hossam Mounir

161% increase in net profit of Suez Canal Bank in 1Q 2023

Bank's financial position increases to EGP 87.9bn in March 2023: Hussein Refaey

Hossam Mounir Hossam Mounir