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’s assets reach EGP 5.107trn in January 2024

CBE reports net profit of EGP 80.23bn

Hossam Mounir

Saib Bank reports EGP 1.6bn pre-tax profits in 2023

Net income from returns in local currency increased by EGP 1bn or…

Hossam Mounir

Amounting to EGP 10.4 Billion, FABMISR Reports 131% increase in profits during FY2023

Fayed: FABMISR has successfully achieved significant growth across all key indicators, which…

Hossam Mounir

CIB to issue financial instruments worth $1bn, increase its capital to EGP 30.431bn

The Commercial International Bank - Egypt (CIB) announced that it will hold…

Hossam Mounir

Banks operating in Egypt expand financial muscle as total position hits EGP 15.165trn in October 2023: CBE

Credit facilities increase to EGP 5.179trn, with the private sector accounting for…

Hossam Mounir

Opinion| How global waterways boost trade and economy

Egypt and world face economic risks due to disturbances in Red Sea

Mohamed Abdel Aal

HDB continues to implement its ambitious strategy: Ghanem

HDB prioritises customer satisfaction, continues to implement its digital transformation, financial inclusion…

Hossam Mounir

Suez Canal Bank achieves record growth rates across all sectors: Refaie

Bank adopts ambitious strategy for growth, restructure, turning challenges into opportunities

Hossam Mounir

Our strategy is to continue being the leading international bank in Egypt: HSBC Egypt CEO

Egypt is one of HSBC’s most dynamic markets in world: Wilcox

Hossam Mounir