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
Banking sector’s net foreign assets rise to $23.73bn in November 2025: CBE
The Central Bank of Egypt (CBE) reported that the net foreign assets (NFA) of the Egyptian banking sector increased to approximately $23.732bn, equivalent to EGP 1.13trn, in November 2025. This compares with $22.656bn (around EGP 1.07trn) in October, representing a
CBE, Afreximbank sign MoU to launch pan-African Gold Bank programme in Egypt
The Central Bank of Egypt (CBE) and the African Export–Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to establish a pan-African Gold Bank programme, a strategic initiative aimed at formalising gold value chains, strengthening central bank reserves, and
CBE, EBI launch ‘Foundations of Fraud Combating’ training programme for banking employees
As part of ongoing efforts to enhance professional competencies within the banking sector and strengthen resilience against emerging risks, the Central Bank of Egypt (CBE), in cooperation with the Egyptian Banking Institute (EBI), announced the launch of a new training
Egyptian market awaits impact of 1% rate cut on savings returns, loans and debt instruments
The Egyptian market is awaiting banks’ return to business, Sunday, following the weekend break, to assess the impact of the Central Bank of Egypt’s (CBE) decision last Thursday to cut interest rates by 1% on returns from savings products and
Banks in Egypt record net profits of EGP 433.8bn in Q3 2025
Banks operating in the Egyptian market recorded net profits of EGP 433.772bn in the third quarter of 2025, up from EGP 274.938bn in the second quarter, according to data released by the Central Bank of Egypt (CBE). In its latest
CBE’s 1% rate cut eases financing costs, boosts industry, market confidence
The Central Bank of Egypt (CBE) announced a 1% cut in its key interest rates last Thursday, marking a significant step towards easing monetary conditions and supporting economic activity amid signs of moderating inflation. The decision was widely welcomed by
Al-Sisi reconstitutes CBE board, renews Hassan Abdallah’s chairmanship
President Abdel Fattah Al-Sisi has issued Presidential Decree No. 733 of 2025, reconstituting the Board of Directors of the Central Bank of Egypt (CBE) and renewing the appointment of Hassan Abdallah as Chairman for an additional one-year term. Under the