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

HDB’s record profits for 2023: A success story

Bank’s net profits soar to EGP 6.031bn, with growth rate of 167.2%

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ADCB-Egypt partners with Etisalat by e& to launch digital rewards programme ‘TouchPoints’

We trust in capabilities of Etisalat by e&, its ability to provide…

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ADIB-Egypt achieves record-breaking results in 2023, its net profits soar to EGP 4.7bn

‘We are proud of our exceptional performance that reflected our commitment to…

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CIB Egypt is first bank in country to publish case study in partnership with LinkedIn Learning

This collaboration enhances digital education experience for Egyptian youth

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Suez Canal Bank’s net profits soar by 121% to EGP 2.3bn in 2023

Bank reports 38% increase in total assets, 14% increase in loans, and…

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Banking sector contributes EGP 2bn to CSR projects in 2023: CBE

The Central Bank of Egypt (CBE) announced that the banking sector allocated…

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CBE sets new rules for funding financial leasing companies

Banks must limit their credit facilities, investments in securitisation portfolios of companies…

Hossam Mounir Hossam Mounir

Central Bank of Egypt’s assets reach EGP 5.107trn in January 2024

CBE reports net profit of EGP 80.23bn

Hossam Mounir Hossam Mounir

Saib Bank reports EGP 1.6bn pre-tax profits in 2023

Net income from returns in local currency increased by EGP 1bn or…

Hossam Mounir Hossam Mounir

Amounting to EGP 10.4 Billion, FABMISR Reports 131% increase in profits during FY2023

Fayed: FABMISR has successfully achieved significant growth across all key indicators, which…

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