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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.

Emirates NBD Group strengthens regional partnership with El Sewedy Electric group by extending EGP 20 billion

10/27/2025 15:17

Emirates NBD Group, the leading banking group in the Middle East, North Africa, and Türkiye MENAT, announced the signing of a credit facility agreement with Elsewedy Electric Group worth over EGP 20 billion. The facility aims to support the Groups expansion plans across Egypt, the Kingdom of Saudi Arabia, and the United Arab Emirates, reaffirming Emirates NBDs commitment to supporting major industrial projects, particularly in the energy and infrastructure sectors, which are considered key pillars of regional economic development.

QNB reaffirms Its market leadership as MEED’s Best Private Bank in Qatar 2025

10/27/2025 13:46

QNB has reaffirmed its leadership in private banking by being named Best Private Bank in Qatar at MEEDs MENA Banking Awards for Wealth and Private Banking 2025.

IMF: U.S. Government Debt Set to Surpass Italy’s for the First Time This Century

10/27/2025 11:37

The burden of U.S. government debt is on track to exceed that of Italy and Greece for the first time this century, according to the latest International Monetary Fund IMF forecasts a signal highlighting the growing fragility of Americas public finances.