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

Strong expectations for CBE to keep interest rates unchanged at Thursday meeting

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Daily News Egypt

Al-Sisi reviews inflation, record reserves with CBE governor

Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt (CBE)…

Daily News Egypt

CBE attributes April inflation slowdown to easing non-food pressures

Annual urban headline inflation slowed to 14.9% in April 2026, down from…

Hossam Mounir

Saib announces EGP 835.8m profits in Q1 2026

Saib Bank announced its financial results for the first quarter (Q1) of…

Daily News Egypt

Suez Canal Bank reports 25% rise in Q1 2026 net profit to EGP 1.6bn: CEO

Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, said…

Daily News Egypt

Banque du Caire posts 16% rise in Q1 2026 net profit to EGP 4bn

Banque du Caire reported strong financial performance during the first quarter (Q1)…

Daily News Egypt

Egypt steps up preparations to host 33rd Afreximbank Annual Meetings in Alamein

Central Bank of Egypt (CBE) Governor Hassan Abdalla and African Export-Import Bank…

Daily News Egypt

Egypt’s Nasser Social Bank sets FY 2026/27 draft budget at EGP 44.7bn

Egypt's Nasser Social Bank has drafted a budget of EGP 44.7bn for…

Daily News Egypt

CIB posts Q1 2026 consolidated revenue of EGP 31.2bn, net profit of EGP 17.8bn

Commercial International Bank (CIB) reported consolidated net profit of EGP 17.8bn for…

Daily News Egypt

Banque Misr funds Andalusia Hospital Maadi expansion with EGP 300m, $6.5m over 8 years

Banque Misr has signed an eight-year financing agreement worth EGP 300m and…

Daily News Egypt