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

Bank ABC joins consortium providing $550m financing for Cheiron’s Egyptian oil fields

Bank ABC has joined a nine-bank consortium to provide a $550m multi-facility…

Daily News Egypt

Egypt’s annual urban inflation eases to 14.3% in June as food prices slow: CBE

Egypt's annual urban headline inflation eased to 14.3% in June 2026, down…

Hossam Mounir

EGX marks 30 years since CIB launched Egypt’s first Global Depositary Receipts programme

The Egyptian Exchange (EGX) marked the 30th anniversary of Commercial International Bank…

Daily News Egypt

CIB leads EGP 18bn syndicated loan for Orascom Development’s O West project

Orascom Development Egypt (ODE), one of Egypt's leading real estate and tourism…

Daily News Egypt

Egypt’s net international reserves rise $3.6bn in H1 2026 to record $55.1bn

Egypt’s net international reserves (NIR) increased by approximately $3.62bn during the first…

Hossam Mounir

Egypt’s balance of payments deficit narrows 2.9% to $1.8bn in July-March FY2025/26: CBE

Egypt's overall balance of payments (BoP) deficit narrowed by 2.9% to $1.8bn…

Daily News Egypt

Saib Bank signs EGP 300m financing agreement with Erada Finance to support MSMEs

Saib Bank has signed a medium-term financing agreement worth EGP 300m with…

Daily News Egypt

CBE explains rationale for holding interest rates steady for third consecutive meeting

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Hossam Mounir

CBE to decide fate of EGP interest rates tomorrow

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Daily News Egypt

Banks operating in Egypt post EGP 218.4bn in net profits in Q1 2026

Banks operating in Egypt recorded combined net profits of EGP 218.410bn during…

Hossam Mounir