Banks in Egypt to close 27 Aug. for Prophet’s birthday holiday
All banks operating in Egypt will be closed on Thursday, 27 August to mark the birthday of Prophet Muhammad, the…
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Egypt’s Banking Sector
Banks in Egypt adopt ISO 20022 standard for interbank transfers – CBE
Egypt's banking sector has adopted the international ISO 20022 messaging standard for interbank financial…
Egypt’s excess liquidity hits decade low – CBE
Excess liquidity in Egypt’s banking sector has plunged to its lowest level in over ten years, driven by a surge in…
Egypt’s banking sector posts record net profit of EGP 601.6b in 2025 – CBE
Banks operating in Egypt recorded a net profit of 601.612 billion Egyptian pounds in 2025, according to preliminary…
Egypt’s banking sector shows resilience with strong capital, low NPLs – CBE
Egypt’s banking sector remains robust and well-positioned to support economic growth, according to the latest…
Egypt’s central bank, EBI launch anti-fraud training for bank staff
Egypt’s central bank announced on Sunday a new training programme aimed at strengthening the banking sector’s…
Egypt’s financial stability index rises to 0.48 in March – CBE
Egypt’s financial system remained stable in early 2025, supported by a stronger banking sector, higher foreign…
Fitch: Egypt’s bank liquidity to stay stable through ’27
Fitch Solutions projected continued stability in Egypt’s banking sector liquidity over the next two years.
Egypt’s CBE, EBRD discuss boosting MSME cooperation
Egypt’s central bank governor Hassan Abdalla met with a delegation from the European Bank for Reconstruction and…
Egypt’s CBE hosts COMESA stress testing workshop
The Central Bank of Egypt (CBE) hosted a five-day regional training programme on Micro and Macro Stress Testing for…
Egypt’s banks off on July 3rd
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday,…
Egypt’s banks off on Thursday
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday, 3…
Egypt to prioritise forex for food, fuel; PM urges price discipline
Egypt’s banking sector will provide the foreign currency needed to secure imports of essential goods and production…
Egypt’s banks off on June 5-9 for Muslim feast
The Central Bank of Egypt (CBE) announced that all banks in the country will suspend work from Thursday, June 5,…
Egypt’s banking sector contributes EGP 3.9b to CSR projects in 2024: CBE
Egypt’s banking sector has contributed 3.9 billion Egyptian pounds ($76.3 million) to community and development…
Egypt’s bank deposits record EGP 11.99t in 2023/2024
Egypt's banking sector saw a notable 26.9 per cent rise in total deposit balances in the 2023/2024 fiscal year,…
CBE announces new year holiday for Egyptian banks on Jan. 1
The Central Bank of Egypt (CBE) announced on Sunday that all banks will be closed on Wednesday, January 1, 2025, to…
CBE: Egyptian banks maintain low exposure to market risk, below 3%
Egypt's banking sector faces a low level of market risk, with exposure accounting for less than three per cent of…
CBE: Egypt’s banking sector net profit soars 118.9% in FY23
Egypt's banking sector saw a 118.9 per cent increase in net profit for fiscal year 2023, surpassing the 29.8 per…
CBE: Egyptian banking sector maintains prudent lending practices
Egypt’s central bank reported that the banking sector continued to provide financing for the business sector and…
CBE: Banking sector assets up 116.9% of GDP by FY ’23
The Egyptian banking sector's total assets reaching a substantial 116.9 per cent of the nominal GDP and 92.3 per…
Egypt’s CBE reforms target financial inclusion of marginalised groups
Central Bank of Egypt (CBE) has embarked on ambitious reforms to include marginalised groups in the formal economy…
Egypt’s bank lending hits EGP 6.831t by end of April ’24
Egypt's banking sector saw a notable increase in loan balances to 6.831 trillion Egyptian pounds by April 2024.
S&P Global upgrades Egypt’s outlook to positive
S&P Global Ratings upgraded Egypt’s outlook to positive, maintaining its B-/B long and short-term foreign and…
Moody’s reveres outlook of 5 Egyptian banks’ to positive
Moody's Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative…
Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK
Intesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, has started…
Banque du Caire launches central security unit
Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
CBE eases banking access for illiterate, elderly
The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Egypt to sell stake in Banque Misr in 2024
Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…
Arab Monetary Fund provides $615.8mln to support Egypt’s financial sector
The Arab Monetary Fund (AMF) has extended a new loan to Egypt of 153.475 million Arabic dinars ($615.8 million) to…
Egypt’s central bank receives ISO certification in business continuity management
Egypt’s central bank has announced on Saturday that it had successfully received the ISO 22301:2019 certification…
Fitch: Egyptian banks’ credit risks ease on improving economy, better operating…
Fitch Ratings said on Tuesday that pressures on Egyptian banks’ credit profiles and viability ratings have eased on…
Egypt banking sector assets rise 1.2% in July – c.bank
The value of assets held by Egypt’s banking sector rose 1.2 percent to 5.140 trillion Egyptian pounds ($286.36…
Booz Allen Hamilton: Egypt’s banking sector needs new policies to thrive
The American management consulting firm Booz Allen Hamilton released a report entitled The New Economic Norm: How…
Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
The recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign currency…
Enhancing the role of Egypt’s banking sector in financial intermediation
It is no question that Egypt has a large banking sector, but low financial intermediation. This is reflected in…
Egypt’s Banking Sector: Beacon of Stability; CIB Chief writes
In his recent article at The Hill newspaper, high-profile Egyptian banking figure Hisham Ezz Al-Arab writes…