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

Finance Ministry to issue 27 tenders for treasury bills and bonds worth EGP 270bn

The ministry is expected to issue 16 bids for bills worth EGP…

Hossam Mounir

Volume of domestic liquidity in banking sector increased to EGP 7.182 trillion by end of October 2022: CBE

The volume of non-governmental deposits in local currency increased to EGP 5.254…

Hossam Mounir

ABE aims to open 4 new digital branches in cooperation with e-finance before the end of this year

Farouk indicated that the significant expansion of digital services requires continuous support…

Hossam Mounir

Boom in SCBank’s performance indicators since Hussein Refai assumed chairpersonship 5 years ago

The bank won Best CEO Award 2022 from the International Finance (UK)

Hossam Mounir

CBE grants ADIB-Egypt preliminary approval to launch prepaid card Takka in collaboration with ADI-Consumer Finance and Meeza

Receiving CBE’s preliminary approval to launch Takka reflects confidence in ADIB-Egypt and…

Daily News Egypt

saib reports net profit of $26.5m with 87% annual growth in September 2022

Bank’s net profit before taxes amounts to $38.9m up from $36.8m, with…

Daily News Egypt

QNB Alahli participates in COP27

QNB Group abides by all sustainability standards, certifications, and ESG criteria across…

Daily News Egypt

HDB launches Housing & Development Properties company for real estate marketing

HDB has over 20 affiliated companies that provide integrated real estate, financing…

Hossam Mounir

CIB holds panel discussion on climate change, its impact on financial, economic policies

Banks, international institutions show interest in financial sustainability

Hossam Mounir

Egypt’s CIB launches Sustaining SMEs programme

The programme targets the integration of ESG principles into Egypt’s small- and…

Daily News Egypt