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

Commercial International Bank offers Cashback credit card

Cashback credit card allows customers to receive up to EGP 500 cashback…

Daily News Egypt

saib Bank reports $33.6m EBIT in H1 2021

Bank maintains strong growth despite COVID-19 pandemic challenges

Daily News Egypt

Housing and Development Bank achieves 10.8% PBT growth to EGP 1.45bn in H1 2021

Bank continues to achieve positive growth due to continuous support of development,…

Hossam Mounir

Abu Dhabi Commercial Bank – Egypt reports net profit rise of 83% in H1 2021

Bank continues expansion plans, emphasises brand, and finalises measures to raise capital:…

Hossam Mounir

Tanmeyah, Banque Misr partner to issue Meeza cards for microenterprises

Agreement contributes to state's efforts to transform into cashless society

Daily News Egypt

Central Bank of Egypt sets unified definitions for active, dormant bank accounts

Banks to be allowed to close accounts in case of year-long inactivity…

Hossam Mounir

Central Bank of Egypt explains reasons for fixing interest rates for 6th consecutive time

Initial indicators show continued improvement in most economic sectors: Monetary Policy Committee

Hossam Mounir

Egypt’s interest rates expected to remain unchanged for 6th consecutive Central Bank meeting

Inflation trends in coming months will see increase but within CBE’s new…

Hossam Mounir