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

CBE’s net foreign assets exceed $11bn in September 2025

The Central Bank of Egypt (CBE) announced that its net foreign assets…

Hossam Mounir

Banks, companies inject EGP 92.3bn under mortgage finance initiative for low, middle-income citizens in September 2025

The Social Housing and Mortgage Finance Fund (SHMFF) announced that banks and…

Hossam Mounir

CIB’s Hisham Ezz Al-Arab wins Global Finance lifetime achievement award

Global Finance magazine has recognised Hisham Ezz Al-Arab, Chief Executive Officer and…

Daily News Egypt

CBE, China’s National Financial Regulatory sign MoU to strengthen joint cooperation

In light of the historic ties between Egypt and China, Tarek El-Kholy,…

Daily News Egypt

FATF recognises Egypt’s experience as model for advancing financial inclusion within AML/CFT frameworks

The Financial Action Task Force (FATF) has recognised Egypt’s pioneering experience—led by…

Daily News Egypt

HSBC named Best Cash Management Provider in Egypt by Euromoney

HSBC Egypt has been voted as the number one Best Cash Management…

Daily News Egypt

Banking alliance grants EGP 7bn loan to Sky Innovo Developments for Park St. Edition project

A consortium of leading banks has concluded a long-term syndicated loan agreement…

Daily News Egypt

S&P Global Ratings upgrade signals renewed confidence in Egypt’s economy: CBE Governor

Governor of the Central Bank of Egypt (CBE) Hassan Abdalla welcomed S&P…

Daily News Egypt

CBE, MCIT launch ‘AI for FinTech’ Hackathon under FinTech Egypt initiative

As part of the Memorandum of Understanding (MoU) signed between the Central…

Daily News Egypt

CBE Governor emphasizes ongoing coordination between monetary, fiscal policies

Hassan Abdallah, Governor of the Central Bank of Egypt (CBE), has reaffirmed…

Daily News Egypt