said abdo

CIB reports EGP 103bn in revenue, EGP 63.1bn in net income in 9M 2026

Banking said abdo -
Commercial International Bank (CIB) reported consolidated net income of EGP 63.1bn, equivalent to EGP 16.7 per share, for the...

Al-Sisi calls for further deflation, debt cut, and stronger foreign currency inflows

Banking said abdo -
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to bring down inflation and public debt, increase...

Egypt’s Industrial Development Bank posts first EGP 1bn profit as restructuring pays off

Banking said abdo -
Egypt’s Industrial Development Bank (IDB) made a net profit of EGP 1bn in 2025, the first time it has...

CBE issues rules regulating banking agents

Banking said abdo -
The Central Bank of Egypt (CBE) has approved new rules regulating banks’ use of banking agents to provide certain...

IDB, ElTarek partner to launch first co-branded Mastercard credit cards

Banking said abdo -
Industrial Development Bank (IDB) has signed a cooperation protocol with ElTarek for Automotive Trading, Importing and Distribution to launch...

SAIB Bank delivers 50 modern fishing boats to small-scale fishermen in Kafr El-Sheikh

Banking said abdo -
SAIB Bank, in cooperation with Sonaa El Kheir Foundation for Development, a member of the National Alliance for Civil...
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HDB opens new branch in New Fayoum City, expands network to 99 locations

Banking said abdo -
The Housing and Development Bank (HDB) has opened a new branch in New Fayoum City, bringing its nationwide branch...

CBE committed to financial stability, banking sector resilience: Governor

Banking said abdo -
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), has reaffirmed the bank’s commitment to maintaining financial stability...

Egypt’s Banque du Caire debuts on EGX after largest IPO in market history

Banking said abdo -
Shares of Banque du Caire (BDC) began trading on the Egyptian Exchange (EGX) main market on Monday following a...

IFC invests $100m in Banque du Caire IPO to boost business financing in Egypt

Banking said abdo -
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced on Monday that it...

Banks to review savings, lending rates following CBE’s 1% rate hike

Banking said abdo -
Banks operating in the Egyptian market will begin reviewing interest rates on their savings products and loan offerings on...

Federation of Egyptian Banks explores ways to expand financial inclusion, banking access

Banking said abdo -
The Financial Inclusion Committee of the Federation of Egyptian Banks (FEB) has discussed ways to strengthen financial inclusion and...
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