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BREAKING NEWS

Hisham Ezz Al-Arab: Non-performing loan coverage ratio reaches 340%, reflecting the financial strength of CIB

10/14/2025 12:09

Hisham Ezz Al-Arab, Chief Executive Officer of the Commercial International Bank Egypt CIB, revealed that the bank achieved a non-performing loan NPL coverage ratio of 340% by the end of last year a figure he described as exceptionally high compared to the regional banking average, which ranges between 90% and 130%.

Suez Canal Bank and oliv sign an EGP 30 million Credit Facility to Fuel SME Growth in Egypt

10/13/2025 16:37

Suez Canal Bank and oliv announce the signing of an agreement for an EGP 30 million credit facility, dedicated to finance Egyptian small and medium-sized enterprises SMEs.

FABMISR Signs Strategic Partnership with noon payments

10/12/2025 12:06

First Abu Dhabi Bank Misr FABMISR, one of the largest banks operating in Egypt, has announced a strategic partnership with noon payments, a subsidiary of noon, following the receipt of Central Bank of Egypt CBE approval for noon payments as a payment service provider PSP.

NBK Egypt Launches world class Concierge App Powered by Peacock Concierge

10/08/2025 09:41

National Bank of Kuwait Egypt NBK Egypt, a leading bank in Egypt & the region has officially launched its new Concierge mobile application, designed exclusively for NBK Egypt customers, and powered by Peacock Concierge, a regional leader in lifestyle management solutions.

Banque du Caire and Taly Announce a New Strategic Partnership to Develop the Digital Payments Ecosystem

10/01/2025 13:31

As part of its ongoing efforts to strengthen the digital payments ecosystem, Banque du Caire announced the signing of a new strategic partnership agreement with Taly, the leading digital payments enabler in Egypt, building on a successful collaboration that began two years ago.

MIDBANK Launches “Spend & Win” Campaign in Partnership with Visa for a Chance to Attend the TotalEnergies CAF Africa Cup of Nations, Morocco 2025, Courtesy of Visa

09/30/2025 14:05

MIDBANK has announced the launch of a new promotional campaign titled Spend & Win, in collaboration with Visa, a global leader in payments technology, coinciding with the upcoming TotalEnergies CAF Africa Cup of Nations, Morocco 2025, set to take place in Morocco later this year.

A remarkable ending to the semifinals of the CIB Egyptian Squash Open 2025, in a thrilling atmosphere that set the stage for the much-anticipated finals

09/19/2025 11:36

The semifinals of the CIB Egyptian Squash Open 2025 came to a close today on the glass court in front of the P

Emirates NBD Egypt, Talaat Mostafa Group collaborate to launch exclusive co-branded Mastercard credit cards in Egypt

09/17/2025 10:09

Emirates NBD Egypt and Talaat Mostafa Group TMG have collaborated to launch a range of Mastercard credit cards. This initiative aims to offer a banking experience tailored to the needs of customers living within and beyond the integrated urban communities developed by TMG.

Hassan Abdalla Ranked Among the World’s Best Central Bank Governors by Global Finance

08/27/2025 20:08

Global Finance magazine has released its annual Central Banker Report Cards 2025, which evaluates the performance of over 100 central bank governors worldwide. The assessment is based on key criteria including inflation control, currency stability, support for economic growth, and independence in decision-making.

Bank NXT Launches ‘Private’ Segment to Provide Exclusive Banking and Non-Banking Services for High-Net-Worth Clients

08/21/2025 13:28

Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, has announced the launch of its new Private segment. This new product provides an exclusive package of services for high-net-worth clients with a minimum balance of EGP 20 million or the equivalent in foreign currencies.

Central Bank of Egypt Hosts a High-level Delegation from the Central Bank of Iraq

08/17/2025 13:57

In light of Egypts commitment to strengthening collaboration with fellow Arab states, the Central Bank of Egypt CBE hosted recently a high-level delegation the Central Bank of Iraq CBI, headed by the Deputy Governor. The visit aimed to exchange expertise across various areas related to central banking operations.

UBS to pay $300 million to resolve US mortgage securities cases

08/04/2025 12:50

UBS UBSG.S, opens new tab on Monday said it will pay 300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the United States.