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

Central Bank of Egypt to decide interest rate Thursday, ‘no change’ expected

Basic interest rates were increased by 2% on 30 March and total…

Hossam Mounir

CIB participates in ESCWA multi-stakeholder platform for protecting biodiversity

Commercial International Bank of Egypt (CIB), Egypt's largest private sector bank, participated…

Daily News Egypt

Fintech serves as keystone element in banking, financial development in Egypt: CBE

Egypt has over 177 fintech startups, payment platforms, 5.5 times increase in…

Hossam Mounir

NBE, Banque Misr offer new 7% and 9% dollar savings certificates 

The National Bank of Egypt (NBE) and Banque Misr announced Tuesday the…

Hossam Mounir

CIB reports consolidated net income of EGP 7.99bn in 2Q 2023

Commercial International Bank (CIB) Monday reported second-quarter 2023 consolidated net income of…

Hossam Mounir

CBE replaces 10.8 million payroll cards for public workers, pensioners with ‘Meeza’ cards in 2022

The Central Bank of Egypt (CBE) has revealed the completion of the…

Hossam Mounir

CBE takes first steps towards launching digital banks in Egypt

CBE announces new digital bank capital requirements, regulations

Hossam Mounir

aiBANK joins InstaPay as part of its digital transformation strategy

aiBANK, Egypt's leading integrated retail, corporate, and Islamic banking solutions provider, has…

Daily News Egypt

Agricultural Bank of Egypt, MSMEDA sign financing contract worth EGP 60m

It comes within framework of Egyptian Family Development Initiative "Bab Rizq", funded…

Hossam Mounir