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

saib Bank reports 78% growth in profits to EGP 1.07bn in 1H 2023 

saib Bank, led by Tarek El-Khouly, Chairperson and Managing Director of the…

Hossam Mounir

Misr Digital Innovation applies to obtain digital bank licence

Company expects to launch new service within few months

Daily News Egypt

Suez Canal Bank increases its issued, paid-up capital to EGP 5bn: Refaie

Bank increases its capital by EGP 3bn over 5 years, with a…

Hossam Mounir

ABE obtains funding worth EGP 3.583bn from MSMEDA

Amount was used to finance 160,000 micro, small enterprises in various sectors

Hossam Mounir

Al Baraka Bank records EGP 1.59bn in profits in 1H 2023, with 38% growth

Al Baraka Bank has announced that its profits before tax exceeded EGP…

Hossam Mounir

Suez Canal Bank announces 134% increase in net profit to EGP 628m during 1H 2023

Suez Canal Bank’s general assembly approves increasing paid-up capital to EGP 5bn…

Hossam Mounir

CBE to offer T-bills worth €600m Monday

Proceeds to pay for previous tender of €626.9m 

Hossam Mounir

HDB records 150.4% jump in net profits to over EGP 3bn during 1H 2023

Bank continues to reap benefits of solid position in banking sector: Hassan…

Hossam Mounir

How does raising interest rates affect stocks of banking sector?

Investors aware of inflation-interest gap: Geneina

Daily News Egypt

Ahli United Bank – Egypt achieves EGP 2.18bn in net profit during 1H 2023

Bank's achievement of strong business results was driven by sustainable growth of…

Daily News Egypt