United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry
Nevine Kashmiry, Deputy Managing Director for Business Sectors at United Bank, announced that the bank is preparing to introduce a suite of specialised financing products tailored to the healthcare sector. These include a high-tech medical equipment financing product with flexible
CIB named Egypt’s Bank of the Year 2025 as factoring portfolio hits EGP 4bn
Commercial International Bank (CIB) has secured The Banker’s Bank of the Year 2025 award for Egypt, cited for the rapid expansion of its factoring subsidiary and the broadening of its sustainable lending to small and medium-sized enterprises (SMEs). The bank’s
CBE attracts $1.041bn in bids for USD T-bills, accepts $961m at 3.75% rate
The Central Bank of Egypt (CBE) received 19 bids totaling $1.041bn in its USD-denominated local treasury bill auction held on Monday. The offering, originally sized at $950m for a 364-day tenor maturing on 1 December 2026, drew strong investor interest.
Net foreign assets of Egypt’s banking sector rise to $22.6bn in October
The Central Bank of Egypt (CBE) announced that net foreign assets (NFAs) in the banking sector rose to $22.656bn, equivalent to EGP 1.070tn, in October 2025, compared to $20.783bn (around EGP 996.148bn) in September. According to the CBE’s monthly report,
FABMISR posts 8% net profit growth in M9 2025 after neutralising FX impact
First Abu Dhabi Bank Misr (FABMISR), one of Egypt’s largest banks, announced its financial results for the first nine months of 2025, reporting solid growth across key performance indicators. The bank achieved an 8% increase in net profit after neutralising
CBE to Offer $950m Treasury Bills on Monday
The Central Bank of Egypt (CBE) will on Monday offer a local Treasury bill auction denominated in US dollars, valued at $950m, with a tenor of 364 days, maturing on 1 December 2026. The proceeds of this auction will be
Egypt businesses eye increased trade, investment with Saudi Arabia: HSBC report
New HSBC research shows Egyptian businesses are turning to Saudi Arabia as their next growth priority; almost 90% set to significantly increase trade in the next 5 years. According to a new HSBC report, Egyptian business leaders plan to rapidly
CBE set to decide EGP interest rates amid sharp split in market expectations
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold its seventh regular meeting of the year tomorrow, Thursday, to determine the direction of the key policy interest rates, which remain the primary indicator guiding short-term
ADCB launches ClimaTech Accelerator 2025
Abu Dhabi Commercial Bank (ADCB) has renewed its strategic partnership with the NilePreneurs Initiative, affiliated with Nile University, to launch the third edition of the ClimaTech Accelerator 2025—a specialized programme designed to support startups and SMEs in the environmental and
Standard Bank launches Egypt office to boost Africa, Middle East trade
Standard Bank Group, Africa’s largest financial institution by assets, has officially launched a representative office in Egypt to strengthen trade and investment flows between Egypt, Sub-Saharan Africa, and the Middle East. The South Africa-based bank announced the launch at an