Latest Banking News
Banque Misr, Suez Canal Bank, and Al Baraka alliance secures $108m financing for MAFI
A banking alliance led by Banque Misr, alongside Suez Canal Bank and…
Financial soundness indicators highlight resilience of Egypt’s banking sector: CBE
The Central Bank of Egypt (CBE) has confirmed that the latest Financial…
Egypt’s banking sector records $5.95bn net foreign asset surplus in November 2024
The Central Bank of Egypt (CBE) announced that the banking sector’s net…
Local liquidity in Egypt’s banking sector increases by EGP 2.46trn in 11M 2024
Egypt’s banking sector saw a significant increase in local liquidity, rising to…
ADIB opens 72nd branch at Mall of Egypt
Abu Dhabi Islamic Bank - Egypt (ADIB) has opened its 72nd branch…
Suez Canal Bank increases issued capital to EGP 6.5bn
Suez Canal Bank has announced an increase in its issued capital from…
Banque Misr reports EGP 93.3bn pre-tax profits in 9M 2024
Banque Misr has posted pre-tax profits of EGP 93.345bn for the first…
Financial position of banks in Egypt surpasses EGP 21.187trn in September 2024: CBE
The Central Bank of Egypt (CBE) has announced that the total financial…
Banque Misr’s mortgage portfolio hits EGP 21bn for 145,000 clients in 2024
Banque Misr has announced a significant increase in its mortgage portfolio, which…
CBE extends fee exemption for digital transfers via IPN, InstaPay for 3 months
In line with Egypt's Vision 2030 to foster digital transformation, the Central…