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 attracts $1.09bn in bids for dollar-denominated treasury bills

The Central Bank of Egypt (CBE) announced that it received 23 bids…

Hossam Mounir

Egypt’s external debt recorded $164.7bn end of June rising 5.8% Y-o-Y: CBE 

Long-term debt accounted for $136.6bn, whereas short-term debt accounted for US$ 28.1bn

Hossam Mounir

Financial position of banks in Egypt reaches EGP 14.473trn in August 2023: CBE

Net foreign assets of the banking sector increase by EGP 33.3bn in…

Hossam Mounir

Fahmy Hanna appointed as non-executive chairperson of saib pending CBE approval

The Board of Directors of saib bank has appointed Fahmy Hanna as…

Hossam Mounir

Al-Sisi reforms CBE board of directors

Hassan Abdallah reappointed as governor, Rami Aboulnaga remains as deputy governor, Tarek…

Hossam Mounir

saib reports 51% growth in pre-tax profits in September 2023

saib bank achieved pre-tax and provisions profits of EGP 1.6bn ($51.9m) in…

Hossam Mounir

CBE urges banks to join Decent Life Initiative

The Central Bank of Egypt (CBE) has called on the banking sector…

Hossam Mounir

CBE highlights digital transformation achievements in e-payment services

Meeza aims to provide financial services at reasonable prices to achieve financial…

Hossam Mounir

E-payment cards surge to 62 million in Egypt as of September 2023: CBE

Electronic transactions in Egypt to hit EGP 13trn by 2023-end, up 94%…

Hossam Mounir

CBE announces financial inclusion rate of 67.3% in June 2023, aims for 70% by year-end

Egypt achieves remarkable progress in financial inclusion, surpasses many countries in field

Hossam Mounir