CBE receives $1.68bn in bids for USD-denominated T-bills
The Central Bank of Egypt (CBE) received 28 bids totalling $1.677bn for its latest auction of US dollar-denominated treasury bills (T-bills). The CBE had offered $1.5bn in the 363-day bills, scheduled to mature on 10 November 2026. According to data
Egypt’s net international reserves surpass $50bn for first time in October: CBE
The Central Bank of Egypt (CBE) announced that the country’s net international reserves exceeded the $50 billion mark for the first time in history, reaching $50.071bn in October 2025, up from $49.534bn in September — an increase of $537m. According
NFAs in Egypt’s banking sector rise by EGP 115.2bn during FY 2024/25
The Central Bank of Egypt (CBE) has revealed that net foreign assets (NFAs) within the banking system rose by the equivalent of EGP 115.2bn during the fiscal year (FY) 2024/2025, recording a growth rate of 18.4%. This increase resulted from
NBE leads EGP 1bn syndicated loan to finance Mashareq Real Estate’s ZAG East in New Cairo
The National Bank of Egypt (NBE) has led a consortium of banks to arrange a long-term syndicated loan worth approximately EGP 1bn for Mashareq Real Estate Investment, a subsidiary of Pioneers Properties for Urban Development (PRE Group). The financing will
Standard Bank to launch representative office in Egypt on 12 November
Standard Bank Group, Africa’s largest financial institution by assets, announced that it will officially launch its Representative Office in Egypt on 12 November 2025, marking a significant milestone in the Group’s strategy to deepen its engagement across North Africa and
HSBC Egypt hosts third China Corridor Forum to strengthen bilateral trade, investment
For the third consecutive year, HSBC Egypt has hosted its China Corridor Forum at the bank’s Head Office in Cairo, welcoming more than 100 Chinese corporates, policymakers, and financial experts to discuss the evolving China–Egypt economic relationship and prospects for
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The inauguration ceremony was attended by Hisham Okasha, Chairperson and CEO of Banque Misr; Abdoulkader Kamil Mohamed, Prime Minister of Djibouti; Abdelrahman
CIB reports record EGP 28.8bn net income for Q3 2025; nine-month profits surge 47% to EGP 62.1bn
Commercial International Bank (CIB) announced Tuesday a consolidated net income of EGP 28.8bn for the third quarter of 2025, bringing its nine-month net income to EGP 62.1bn, or EGP 18.5 per share – a robust 47% increase year-on-year. Management attributed
NBE grants Ora Developers Egypt EGP 3bn long-term financing for Solana West project
The National Bank of Egypt (NBE) has signed a long-term financing agreement worth EGP 3bn with Ora Developers Egypt to help fund part of the investment cost for Solana West, one of the company’s flagship real estate developments in West
NBE, ADI Finance ink agreement to expand Sharia-compliant financing solutions
The National Bank of Egypt (NBE) has signed a financing agreement with ADI Finance, a subsidiary of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt), aimed at supporting the company’s activities in financial leasing and mortgage financing. The agreement underscores