CIB reports EGP 117bn in consolidated revenue, EGP 82.2bn net income in FY2025
Commercial International Bank-Egypt (CIB) on Tuesday reported consolidated net income of EGP 20.1bn in the fourth quarter of 2025, up 57% year on year. Full-year 2025 consolidated net income reached EGP 82.2bn, or EGP 18.2 per share, marking a 49%
CBE governor, IMF chief discuss economic reform programme at Arab Public Finance Forum
Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the progress of Egypt’s economic reform programme and the country’s latest macroeconomic indicators. The meeting took place
CBE attracts $1.14bn in bids for dollar-denominated T-bill auction
The Central Bank of Egypt (CBE) received bids worth $1.141bn in its latest US dollar-denominated local Treasury bill auction, exceeding the offered amount of $950m, according to data published on the bank’s official website. The 364-day Treasury bills, offered on
NBE arranges EGP 1.42bn syndicated facility for Al Qamzi’s SEAZEN project
The National Bank of Egypt (NBE) has arranged a syndicated financing facility worth EGP 1.42bn for Al Qamzi Developments to finance part of the investment costs for the first and second phases of the SEAZEN project on Egypt’s North Coast.
CBE launches Soft POS service for contactless mobile payments to cut merchant costs
The Central Bank of Egypt (CBE) has officially launched a contactless electronic payment acceptance service that allows merchants to use smartphones and tablets as electronic points of sale (POS). The service utilizes Soft POS applications, enabling smart devices to function
Egyptian bank assets climb to EGP 24.8trn as household deposits lead growth
The aggregate balance sheet of banks operating in the local market — excluding the central bank — rose to EGP 24.752trn by end-August 2025, compared with EGP 24.275trn by end-June 2025, an increase of around EGP 477bn, the Central Bank
Opinion | The Grand Barter: Accounting Ambition vs. Strategic Stability
Protecting the Suez Canal as a sovereign asset and the Central Bank of Egypt (CBE) as the guardian of monetary policy requires both to remain on strictly independent tracks. At first glance, the idea of transferring the Suez Canal’s assets
CBE launches first AI diploma for Egyptian banking sector
The Central Bank of Egypt (CBE) has signed a memorandum of understanding to launch the country’s first specialised diploma in artificial intelligence (AI) for the banking sector, Governor Hassan Abdalla announced on Tuesday. The initiative, launched under the “Digital Academy”
Egypt repays $8.65bn in external debt in Q4 FY 2024/25: CBE
Egypt repaid $8.645bn in external debt—covering both principal and interest—during the fourth quarter (Q4) of FY 2024/2025, according to a report issued by the Central Bank of Egypt (CBE). The CBE said the repayments included $1.895bn in interest payments and
Suez Canal Bank joins Partnership for Carbon Accounting Financials
Suez Canal Bank has officially joined the Partnership for Carbon Accounting Financials (PCAF), a global initiative comprising more than 700 financial institutions across six continents, aimed at standardising the measurement and disclosure of financed emissions arising from lending and investment