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’s net foreign assets record $10.3bn surplus in August

The Central Bank of Egypt's net foreign assets (NFA) achieved a surplus…

Hossam Mounir

Al-Mashat, Kouchouk review efforts to resolve financial entanglements between NIB, Egypt Post

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, and…

Daily News Egypt

Banks, companies offer EGP 73.09bn under ‘Affordable Housing Initiative’ until August

Banks and mortgage companies participating in the Affordable Housing Initiative have provided…

Hossam Mounir

Egyptian remittances increase 32.4% to $15.5bn in 7M 2024: CBE

The Central Bank of Egypt (CBE) revealed that Egyptian expatriates’ remittances increased…

Hossam Mounir

CIB arranges EGP 7bn syndicated loan for Ora Developers Egypt

The Commercial International Bank (CIB) – Egypt has arranged a syndicated loan…

Daily News Egypt

CBE hosts first Egypt Fraud Combating Forum

The Central Bank of Egypt (CBE), in collaboration with Visa, hosted the…

Daily News Egypt

CBE expects significant inflation decline in early 2025

The Central Bank of Egypt (CBE) has projected a significant decrease in…

Hossam Mounir

Egyptian banking sector’s financial position surges to EGP 18.387trn in April 2024: CBE

The Central Bank of Egypt (CBE) has revealed a surge in the…

Hossam Mounir

CBE to decide on interest rate today amid expectations of third consecutive hold

The Central Bank of Egypt (CBE) will determine on Thursday, the fate…

Hossam Mounir

Banque du Caire, Beltone sign agreement for external portfolio management

Banque du Caire has signed an agreement with Beltone Asset Management, a…

Daily News Egypt