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

Total financial position of banks in Egyptian market approaches EGP 9trn in November 2021: CBE

Bank deposits increase to EGP 6.306trn, credit facilities up to EGP 3.066trn,…

Hossam Mounir

Suez Canal Bank records 6% by end of 2021

The bank injected EGP 2bn into the initiatives of the Central Bank…

Hossam Mounir

Keeping policy rates unchanged remains consistent with achieving the CBE’s next inflation target

Domestic economic activity is expected to record robust growth figures along the…

Hossam Mounir

CIB introduces new segment-based pricing for deposits

New pricing structure is first-of-its-kind in Egypt

Daily News Egypt

ADCB Egypt emerging strong after one-year operation with net profit increase of 45%

Robust performance driving bank to fastest growing list in Egypt

Daily News Egypt

Agricultural Bank considers financing solutions for land reclamation in development areas

Bank aims to be leading development institution supporting state efforts: Chairperson Farouk

Hossam Mounir

Financial sector contains repercussions of pandemic without prejudice to its main role: CBE

Sector, both banking and non-banking components, showed solidity during pandemic

Hossam Mounir

Net international reserves increased to EGP 40.980bn in January 2022: CBE

The balance of special drawing rights decreased by $2.642bn in January as…

Hossam Mounir

Housing and Development Bank prioritises digital transformation: Chairperson

Bank to launch instant money transfer service, digitise other banking services this…

Hossam Mounir

2022 – A year of challenge for capital market: CIB Egypt Chairperson

Global economic conditions affect local situation, so monetary and financial policy makers…

Daily News Egypt