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

Major leap in performance of Agricultural Bank of Egypt by end of 1H 2022

More than EGP 60bn in loans, and the deposit portfolio jumped to…

Hossam Mounir

NBE, BM achieve profits of EGP 102.6bn before taxes within 18 months

The statements also indicated that NBE achieved net profits after taxes of…

Hossam Mounir

Egyptian market awaits CBE’s decision on interest rates after latest move by US Federal Reserve

MPC to hold its regular meeting on 18 August to discuss future…

Hossam Mounir

Bank of England, CBE team up to fight climate crisis

As part of a technical cooperation scheme funded by the British government,…

Hossam Mounir

MIDBANK launches MID-GO to support SMEs

Bank aims to meet CBE’s financing target of SMEs up to 25%…

Hossam Mounir

CIB records EGP 3.51bn in consolidated net income in 2Q 2022

“The CIB concluded the first half (1H) of 2022 with remarkable performance,…

Hossam Mounir

The complete Board of Directors of the Federation of Egyptian Banks

The final results of the elections resulted in the victory of Mohamed…

Hossam Mounir

CBE explains reasons behind decline in inflation in June

Annual headline urban inflation decelerated for the first time after increasing for…

Hossam Mounir

saib continues geographical expansion by opening new branch in Shebin Al-Koum, Menoufiya

We aim to expand our branch network to competitive levels that combine…

Hossam Mounir

CBE introduces first 10-pound plastic banknote, paper version still valid

Citizens can get new plastic banknote through over 4,500 branches of Egyptian…

Hossam Mounir