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

Banque du Caire records net profits of over EGP 4.5bn in September 2023, growing by 57%

Banque du Caire posted net profits of over EGP 4.5bn in September…

Hossam Mounir Hossam Mounir

CBE introduces new guidelines to fight money laundering, terrorism financing

The Central Bank of Egypt (CBE) has issued new guidelines to fight…

Hossam Mounir Hossam Mounir

ABE offers soft loans for cattle import, milking machines

Bank’s initiative provides loans with 5% decreasing interest rate

Hossam Mounir Hossam Mounir

Banque du Caire, El Taamer agree to finance Urban Business Lane project with EGP 956m

Financing agreement complements Banque du Caire's efforts to support real estate sector:…

Hossam Mounir Hossam Mounir

MIDBANK reports remarkable growth in 2023 after overhaul, digital shift

Total budget, net loans, customer deposits, and property rights soar by 89%,…

Hossam Mounir Hossam Mounir

CBE reports key financial soundness indicators for banks in Q3 2023

Non-performing loans in banks remain at 3.3% of their total loan portfolio…

Hossam Mounir Hossam Mounir

Central Bank of Egypt to discuss interest rate for last time in 2023 on Thursday

Egypt likely to hold steady on interest rates amid economic reforms, analysts…

Hossam Mounir Hossam Mounir

CBE reports EGP 14.742trn total financial position of banks in 3Q 2023

Capitals register EGP 323.776bn, reserves EGP 492.386bn, and allocations EGP 305.455bn

Hossam Mounir Hossam Mounir

Banque du Caire, GAFI sign MoU to boost investment in Egypt

Bank to highlight executive, legislative breakthroughs to encourage foreign direct investment: Fayed

Hossam Mounir Hossam Mounir

CIB becomes first Egyptian bank to conform to ISO 29993 in learning services management

Commercial International Bank Egypt (CIB) has achieved conformity to ISO 29993, a…

Daily News Egypt Daily News Egypt