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Bank NXT Announces Successful EGP 4.2 Billion Capital Increase with Full Shareholder Participation

11/03/2025 15:57

Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced the closing of subscriptions to its capital increase at par value per share on 30 October 2025, with full participation all shareholders in line with their respective ownership stakes.

CIB Launches Apple Pay for Visa Business Cardholders — A First for Egypt’s SME Sector

11/03/2025 15:49

The Commercial International Bank Egypt CIB, the countrys largest private-sector bank, proudly announces that it has become the first bank in Egypt to introduce Apple Pay for Visa Business cardholders, marking a pioneering step in the digital transformation of payment solutions for small and medium enterprises SMEs.

Emirates NBD Egypt Achieves Net Profit of EGP 4.3 bn by End of September 2025

11/03/2025 15:28

Emirates NBD Egypt, one of the largest banks operating in the Egyptian banking sector, announced strong growth in its financial performance for the period ended September 30, 2025. The bank achieved net profit of EGP 4.3 bn during the first nine months of 2025, compared to EGP 4 bn during the same period of 2024, reflecting a growth rate of 8%.

Central Bank: Household Sector Deposits in Local Currency Rise to EGP 918.259 Billion by End of September 2025

11/02/2025 14:53

Data released by the Central Bank of Egypt revealed an increase in household sector deposits denominated in local currency, reaching EGP 918.259 billion by the end of September 2025, compared to EGP 642.666 billion at the end of December 2024. This represents a growth rate of 42.88%, equivalent to an increase of EGP 275.593 billion.

CIB Egypt Joins PAFIX 2025 as a Platinum Sponsor within Cairo ICT Under the Theme “AI Everywhere"

11/02/2025 14:29

Commercial International Bank Egypt CIB Egypt proudly participates as a Platinum Sponsor at PAFIX 2025, held under the patronage of the Central Bank of Egypt as part of Cairo ICT 2025, under the theme AI Everywhere. The event takes place at the Egypt International Exhibition Center November 16 to 19, 2025.

Central Bank: Foreign Currency Deposits Rise to the Equivalent of EGP 3.047 Trillion by End of September 2025

11/02/2025 13:50

Data released by the Central Bank of Egypt revealed that total bank deposits in foreign currencies excluding the Central Bank increased to the equivalent of EGP 3.047 trillion by the end of September 2025, compared to EGP 2.96 trillion at the end of 2024, recording a growth rate of 2.95%.

Central Bank: Local Currency Deposits Rise to EGP 9.16 Trillion by End of September 2025

11/02/2025 13:37

Data released by the Central Bank of Egypt revealed an increase in total bank deposits in local currency, reaching EGP 9.16 trillion by the end of September 2025, compared to EGP 7.56 trillion at the end of 2024, representing a growth rate of 21.3% and an increase of EGP 1.61 trillion.

Central Bank of Egypt Issues Latest Monetary Policy Report for Q3 2025

10/30/2025 17:29

The Central Bank of Egypt CBE has released its latest Monetary Policy Report for the third quarter of 2025, reaffirming its commitment to policy transparency and clear communication, recognizing the importance of this approach in anchoring inflation expectations.

CBE Expects Continued Decline in Annual Inflation Rate

10/30/2025 17:26

The Central Bank of Egypt CBE expects the annual headline inflation rate to continue its gradual decline in the coming period, moving downward toward the target level of 7% 2 percentage points by the fourth quarter of 2026, according to the latest Monetary Policy Report issued by the bank.

CBE: Net Foreign Assets of the Banking Sector Rise to $17.9 Billion by End of August 2025

10/30/2025 16:39

Net foreign assets NFA in Egypts banking sector recorded a significant increase in recent months, reaching

Iran’s Ayandeh Bank declares bankruptcy

10/28/2025 12:05

Ayandeh Bank, one of Irans largest private banks, has declared bankruptcy, with its assets being absorbed by the state-owned Melli Bank.

Three Danish Banks merge to form AL Sydbank

10/28/2025 12:01

In Denmark, Sydbank A/S, Arbejdernes Landsbank, and Vestjysk Bank A/S have announced their intention to merge, forming a new entity under the name AL Sydbank A/S. The merger agreement, signed by the boards of all three institutions, proposes Sydbank as the continuing legal entity, with headquarters in Aabenraa.