بنكي

بنكيhttps://www.bankygate.com/وفر فلوسك وقارن واطلب أفضل اختيار بين منتجات البنوك، مع أكبر موقع مقارنة خدمات بنكية في مصرarجميع الحقوق محفوظة © 2026 بنكيThu, 18 Jun 2026 11:19:00 +0300https://www.bankygate.com/UserFiles/SiteImages/Logo.pngبنكيhttps://www.bankygate.com/https://www.bankygate.com/74128/Suez-Canal-Bank-Explores-Opportunities-to-Develop-an-Integrated-Digital-Banking-and-Investment-Experience-in-Collaboration-with-Thunder-and-Visahttps://www.bankygate.com/74128/Suez-Canal-Bank-Explores-Opportunities-to-Develop-an-Integrated-Digital-Banking-and-Investment-Experience-in-Collaboration-with-Thunder-and-VisaSuez Canal Bank Explores Opportunities to Develop an Integrated Digital Banking and Investment Experience in Collaboration with “Thunder” and “Visa”Subject to obtaining the necessary regulatory approvals the Central Bank of Egypt, Suez Canal Bank is explorinTue, 16 Jun 2026 13:38:50 +03002026-06-16T13:38:50+03:00Subject to obtaining the necessary regulatory approvals from the Central Bank of Egypt, Suez Canal Bank is exploring opportunities, in collaboration with Thunder, Egypt’s leading digital investment platform, Visa, a global leader in digital payments, and Modopay, a leading regional payment technology provider, to develop a more integrated experience that brings together digital banking and investment services. This comes as part of efforts to explore innovative digital financial solutions that can enhance the customer experience, in line with the applicable regulatory framework and following obtaining the required approvals from the Central Bank of Egypt. In this context, Mr. Shehab Zidan, Deputy CEO and Managing Director of Suez Canal Bank, said: “At Suez Canal Bank, we believe that customers’ banking and investment needs are no longer separate; they have become increasingly interconnected. This is why we continuously seek to explore new opportunities that support the evolution of digital financial services.” He added: “With this vision, we are exploring opportunities to develop a more seamless and integrated digital experience that brings banking and investment services closer together, in a way that aligns with customers’ evolving expectations and needs, subject to obtaining the necessary regulatory approvals from the Central Bank of Egypt.” Mr. Zidan further noted: “This reflects a shared vision to leverage the rapid advancements in financial technology and digital payments, with the aim of delivering added value to customers and enhancing their overall digital financial experience.” It is worth noting that Suez Canal Bank remains focused on adopting the latest technological solutions and expanding the range of digital services available to its customers, in line with the Bank’s strategy of delivering a more seamless, convenient, and flexible banking experience across all customer segments.Visa,Suez Canal Bank,Thunderhttps://www.bankygate.com/74079/CBE-USD-392-Billion-in-Remittances-from-Egyptians-Working-Abroad-During-the-First-Ten-Months-of-FY-20252026https://www.bankygate.com/74079/CBE-USD-392-Billion-in-Remittances-from-Egyptians-Working-Abroad-During-the-First-Ten-Months-of-FY-20252026CBE: USD 39.2 Billion in Remittances from Egyptians Working Abroad During the First Ten Months of FY 2025/2026Remittances Egyptians working abroad continued their upward trajectory, increasing by 33.2% during the period Mon, 15 Jun 2026 14:08:47 +03002026-06-15T14:08:47+03:00Remittances from Egyptians working abroad continued their upward trajectory, increasing by 33.2% during the period from July 2025 to April 2026, to reach a record inflow of approximately USD 39.2 billion, compared to around USD 29.4 billion during the same period of FY 2024/2025.On a monthly basis, remittances rose by 44.0% in April 2026, registering approximately USD 4.3 billion, compared to around USD 3.0 billion in April 2025.Central Bank of Egypthttps://www.bankygate.com/74050/Cuba-Suspends-Visa-and-Mastercard-Transactions-Following-US-Sanctionshttps://www.bankygate.com/74050/Cuba-Suspends-Visa-and-Mastercard-Transactions-Following-US-SanctionsCuba Suspends Visa and Mastercard Transactions Following U.S. SanctionsCubas Central Bank has announced the suspension of all Visa and Mastercard transactions effective June 6, in aSun, 14 Jun 2026 21:28:15 +03002026-06-14T21:28:15+03:00Cuba’s Central Bank has announced the suspension of all Visa and Mastercard transactions effective June 6, in a move that underscores the impact of recent U.S. sanctions on the country’s financial sector.In a statement, the bank said that a foreign partner responsible for processing international card transactions for Cuba decided to scale back its operations after a U.S. executive order issued on May 1 significantly expanded restrictions on commercial activities involving the island.The Central Bank noted that the decision prevents Cuba from receiving revenue from the sale of goods and services through internationally recognized payment cards such as Visa and Mastercard, potentially affecting key sectors including tourism, trade, and services.The measure comes as Cuba continues to face mounting economic challenges, including a shortage of foreign currency and declining tourism revenues, prompting authorities to seek alternative payment channels to support cross-border transactions.Historically, international credit card transactions in Cuba were handled through a partnership between a foreign bank and Fincimex, the financial arm of the military-linked conglomerate GAESA, which remains subject to U.S. sanctions.The United States has accused GAESA of controlling profits from several strategic sectors of the Cuban economy, including tourism, remittances, financial services, and logistics, and of using those revenues to support the country’s military establishment and ruling elite.Mastercard,Visa,Cuba Central Bankhttps://www.bankygate.com/73860/Visa-Study-91-in-Egypt-Use-AI-to-Shop-But-Trust-is-Key-at-Checkouthttps://www.bankygate.com/73860/Visa-Study-91-in-Egypt-Use-AI-to-Shop-But-Trust-is-Key-at-CheckoutVisa Study: 91% in Egypt Use AI to Shop, But Trust is Key at CheckoutVisa NYSE: V, a world leader in digital payments, today released the annual Stay Secure study in Egypt, which Tue, 09 Jun 2026 11:43:30 +03002026-06-09T11:43:30+03:00<ul dir="ltr"><li>91% of consumers in Egypt have used AI to assist with shopping, while 97% feel AI-powered tools make online shopping faster and easier.</li><li>88% believe AI will play a critical role in protecting consumers from fraud in the future, but only 38% today trust AI agents to complete checkout.</li><li>85% have purchased directly through social commerce, while 46% of consumers who experienced scams report it happened on social media. </li><li>91% are concerned children struggle to recognize scams, and 61% have seen a child fall victim while gaming or shopping online. </li><li>Only 13% believe consumers should be primarily responsible for protection against fraud when shopping online. Separately, 64% say alerts when something looks suspicious would help them feel more secure paying online. </li></ul>Visa (NYSE: V), a world leader in digital payments, today released the annual Stay Secure study in Egypt, which assesses consumer awareness and behaviors around digital commerce and fraud. This year’s edition, conducted by Wakefield Research, highlights how AI‑enabled shopping and social commerce are changing consumer behavior even as expectations around trust and protection remain firmly in place.Consumers Embrace AI-Assisted Shopping  The study revealed that consumers are embracing artificial intelligence as part of their shopping journeys. 91% in Egypt have used AI tools to assist with shopping, including comparing prices cited by 75%, finding gift ideas cited by 65%, and checking reviews or product ratings cited by 65%.  The appeal is clear: 97% feel new technologies, including AI-powered tools, are making online shopping faster and easier than before. AI is also influencing discovery, with 71% typically discovering new brands or retailers while shopping online. However, consumers remain more cautious when it comes to AI handling transactions on their behalf. Today, only 38% would trust AI agents to complete checkout, reinforcing the importance of earning consumer trust in the age of agentic commerce. As AI adoption grows, consumers increasingly view the technology as part of the solution to fraud. 63% feel AI has made scams easier to recognize today and 88% believe AI will play a critical role in protecting consumers from fraud in the future. Social Commerce is Growing but so are Scam Risks Shopping through social platforms has become mainstream, with 85% of consumers in Egypt having purchased products directly through social media platforms. As commerce expands across new channels, fraud risks continue to follow consumers online. 36% have experienced a financial scam in the past 12 months. Among those who have experienced a scam, 46% report the incident occurred on social media, more than those who encounter scams on other platforms such as websites, online marketplaces, or shopping apps. Children are Increasingly Exposed to Scams While Shopping and Gaming Online The study also highlights growing concern around how children encounter scams online, with 91% of consumers reporting that children in their lives struggle to recognize scams. A significant 61% have seen a child fall victim to a scam while gaming or shopping online. That concern comes as children gain greater access to digital commerce. 35% of Egypt parents have children who can access mobile payment apps or digital wallets.Consumers Expect Institutions to Lead on Fraud Protection When it comes to protecting against fraud while shopping online, consumers look first to institutions rather than themselves. 47% believe government authorities or regulators should be primarily responsible, followed by banks or financial institutions (43%) and payment providers (28%). Only 13% believe consumers themselves should hold primary responsibility. They also want more proactive reassurance. 64% would feel secure receiving real-time alerts from their bank or payment app when something looks suspicious, while 44% would feel more comfortable seeing a familiar, trusted logo at checkout. Leila Serhan, Senior Vice President & Group Country Manager in North Africa, Levant & Pakistan at Visa, commented: “Visa’s Stay Secure study shows that while online shopping and social commerce continue to grow, scams and fraud are evolving too. Consumers see fraud protection as a shared responsibility, but they expect financial institutions, governments, and payment providers to take the lead, underscoring the importance of secure-by-design payment systems,” She continued, “As commerce moves toward more agentic, AI-powered experiences, the study shows that consumers are embracing the convenience AI can bring to shopping but remain cautious when it comes to AI completing purchases on their behalf. With Visa Intelligent Commerce, we are helping enable the next era of commerce built on trust, control and confidence.”Visahttps://www.bankygate.com/73319/Cr%C3%A9dit-Agricole-Egypt-Foundation-Signs-Protocol-with-Ahl-Masr-Foundation-and-Burn-Hospital-to-Support-Phase-II-Expansionhttps://www.bankygate.com/73319/Cr%C3%A9dit-Agricole-Egypt-Foundation-Signs-Protocol-with-Ahl-Masr-Foundation-and-Burn-Hospital-to-Support-Phase-II-ExpansionCrédit Agricole Egypt Foundation Signs Protocol with Ahl Masr Foundation and Burn Hospital to Support Phase II ExpansionThu, 21 May 2026 12:52:35 +03002026-05-21T12:52:35+03:00As part of its ongoing commitment to driving sustainable social impact and supporting the healthcare sector in Egypt, Crédit Agricole Egypt Foundation has signed a cooperation protocol with Ahl Masr Foundation and Burn Hospital to support the second phase of the hospital’s expansion.  The partnership will equip three specialized isolation rooms for burn patients, enhancing infection control measures as well as advancing the quality of specialized medical care. Those rooms will benefit more than 300 patients annually, contributing to improved patient care and expanded treatment capacity. This collaboration builds on the long-standing partnership between Crédit Agricole Egypt and Ahl Masr Foundation and Burn Hospital, which began with the bank’s support to establish the Central Sterilization unit during the hospital’s first phase.   The signing ceremony was attended by Mr. Jean-Pierre Trinelle, Managing Director of Crédit Agricole Egypt and Chairman of Crédit Agricole Egypt Foundation, Mr. Hassan Serag El Din, Managing Director of Crédit Agricole Egypt Foundation, Ms. Hanan Seif, General Manager of Crédit Agricole Egypt Foundation,  Dr. Heba El-Sewedy, Founder and Chairwoman of Ahl Masr Foundation and Burn Hospital; Ms. Eman Sherif, CEO of Ahl Masr Foundation; and Mr. Refaat Abdel Maksoud, CEO of Ahl Masr Burn Hospital. The signing was followed by a tour of the hospital facilities as well as an overview of its advanced medical capabilities and expansion plans. Dr. Heba El-Sewedy, stated: “Our partnership with Crédit Agricole Egypt Foundation represents a leading model in supporting burn treatment. We continue to intensify our efforts to provide the latest and best treatment methods for burn patients—not only in Egypt, but across the region.” She also extended her gratitude to Mr. Jean-Pierre Trinelle, for his continued support to burn patients, emphasizing that this contribution enhances the hospital’s ability to expand and deliver specialized medical care, enabling it to treat more patients and improve their quality of life. Mr. Jean-Pierre Trinelle, stated: “At Credit Agricole Foundation, we are proud to be a long-standing partner of Ahl Masr Foundation and Burn Hospital, supporting its vision to deliver tangible impact and a path to recovery of those in need.  Our new funding support reflects our commitment to sustainable healthcare development, in order to enhance service quality and accessibility for burn patients. We believe such collaboration play a vital role in improving lives and supporting inclusive growth”.  This protocol represents a key step in advancing the second phase of Ahl Masr Burn Hospital, contributing to strengthening the healthcare infrastructure, enhancing operational capacity, and delivering high-quality, specialized care within a safe and modern environment.https://www.bankygate.com/73258/QNB-Group-and-Mastercard-in-Strategic-Collaboration-to-expand-Cards-and-Digital-Payments-across-Syriahttps://www.bankygate.com/73258/QNB-Group-and-Mastercard-in-Strategic-Collaboration-to-expand-Cards-and-Digital-Payments-across-SyriaQNB Group and Mastercard in Strategic Collaboration to expand Cards and Digital Payments across SyriaQNB Group, a leading financial institution in the Middle East and Africa, has collaborated with Mastercard to Wed, 20 May 2026 10:24:06 +03002026-05-20T10:24:06+03:00QNB Group, a leading financial institution in the Middle East and Africa, has collaborated with Mastercard to support the end-to-end infrastructure readiness for a comprehensive international card payment acceptance in Syria including Point of Sale, e-Commerce and SoftPOS .This landmark collaboration reinforces the bank’s role as a trusted partner in driving the development of the country’s financial sector, in line with the Group's strategy to promote digital payments in the markets where it operates.Both parties are working together with the Central Bank of Syria, ensuring alignment with applicable regulatory, operational and risk management requirements and reflects a shared commitment to strengthening the payments ecosystem in the country.Commenting on this collaboration, Mr. Adel Ali Al-Malki, Senior Executive Vice President of Group Retail Banking at QNB, said: “Through this partnership with Mastercard and in cooperation with the Central Bank of Syria, QNB Group continues to support the acceptance of international payment cards in Syria. This represents another step forward to supporting financial inclusion and enhancing the future of digital payments in the region.”“Mastercard and QNB Group share a commitment to developing robust payment ecosystems and promoting financial inclusion across the region. We are excited to work together with the Central Bank of Syria to advance readiness for the first international transaction that will connect people and businesses in the country to the global payment network and open a whole new world of opportunities,” said Adam Jones, division president, West Arabia, Mastercard.  The collaboration reflects the common vision of the two companies for harnessing the power of technology and innovation to support Syria’s economic growth journey and contribute to building a prosperous future for the country.Syria,QNB Group,Mastercard,Digital Payments,Cardshttps://www.bankygate.com/73141/QNB-Egypt-Achieves-a-New-Milestone-in-Service-Excellence-with-ISO-90012015-and-ISO-100022018-Certificationshttps://www.bankygate.com/73141/QNB-Egypt-Achieves-a-New-Milestone-in-Service-Excellence-with-ISO-90012015-and-ISO-100022018-CertificationsQNB Egypt Achieves a New Milestone in Service Excellence with ISO 9001:2015 and ISO 10002:2018 CertificationsSun, 17 May 2026 16:07:25 +03002026-05-17T16:07:25+03:00In a new step that reinforces its banking leadership, QNB Egypt, a subsidiary of QNB Group, a leading financial institution in the Middle East and Africa, has been awarded the internationally recognized ISO 9001:2015 and ISO 10002:2018 certifications becoming the first financial institution in Egypt to receive this accreditation within a single audit framework. This achievement reflects the bank’s commitment to enhancing operational efficiency and elevating service quality. This accreditation reaffirms QNB Egypt’s commitment to adopting international best practices, enabling it to deliver a comprehensive banking experience that meets customer expectations and keeps pace with evolving regulatory requirements. Fully aligned with the Central Bank of Egypt’s regulations, it is supported by a framework of continuous monitoring and audit readiness, ensuring operational accuracy and the highest levels of compliance and governance. It also reinforces QNB Egypt’s commitment to going beyond traditional banking, delivering a more holistic experience in line with its vision of being more than just a bank. The ISO 9001:2015 certification is an internationally recognized standard for quality management systems, reflecting organizations’ commitment to adopting a structured framework that ensures the consistent quality of its products and services. Meanwhile, the ISO 10002:2018 certification for customer complaint management and customer satisfaction supports the continuous monitoring and improvement of customer service. The ISO 9001:2015 certification reflects QNB Egypt’s success in developing integrated financial solutions across retail banking, SMEs, and corporate clients, supported by digital banking platforms, treasury services, and centralized operational support.  This achievement follows a comprehensive assessment of the bank’s quality management framework, confirming full alignment with international standards in process governance, risk management, performance monitoring, and continuous improvement practices, further enhancing operational efficiency and service quality across all channels. This alignment is underpinned by a strong governance and operational control framework, ensuring clearly defined workflows and structured approval mechanisms. It is further supported by a robust system of internal controls and data validation processes, including multiple layers of review and cross-functional reconciliation across Operations, Information Technology, Treasury, and Business units, in addition to maker-checker controls to ensure accuracy and data integrity. Meanwhile, the bank’s ISO 10002:2018 certification comes as part of its ongoing efforts to strengthen customer trust through a robust centralized framework for managing complaints and feedback across retail banking, corporate banking, and digital banking services. This certification highlights QNB Egypt’s successful implementation of an end-to-end complaints management framework in line with global best practices, built on structured resolution mechanisms, defined response timelines, thorough root cause analysis, and transparent, ongoing communication with customers. This, in turn, enhances accountability, improves responsiveness, and supports the continuous improvement of service quality.https://www.bankygate.com/73048/Governor-of-the-Central-Bank-of-Egypt-and-President-of-Afreximbank-Hold-a-Press-Briefing-on-Egypts-Ongoing-Preparations-to-Host-the-33rd-Afreximbank-Annual-Meetings-in-Alameinhttps://www.bankygate.com/73048/Governor-of-the-Central-Bank-of-Egypt-and-President-of-Afreximbank-Hold-a-Press-Briefing-on-Egypts-Ongoing-Preparations-to-Host-the-33rd-Afreximbank-Annual-Meetings-in-AlameinGovernor of the Central Bank of Egypt and President of Afreximbank Hold a Press Briefing on Egypt's Ongoing Preparations to Host the 33rd Afreximbank Annual Meetings in AlameinH.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt CBE, and Dr George Elombi, President and ChairmThu, 14 May 2026 10:39:23 +03002026-05-14T10:39:23+03:00H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and Dr George Elombi, President and Chairman of the Board of Directors of Afreximbank, held on 13 May 2026, a press briefing at the CBE’s headquarters ahead of the 33rd Afreximbank Annual Meetings (AAM2026). The AAM2026 will be held under the patronage of H.E. President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, in Alamein city from 21 to 24 June 2026.Attended by over 100 local and international media representatives, both in person and virtually, the briefing provided updates on preparations for AAM2026, expected participation, and Egypt’s role as host country for one of Africa’s leading annual gatherings focused on advancing the continent’s economic transformation.In his remarks, H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt, reaffirmed Egypt’s commitment to the successful hosting of the AAM2026 and emphasised the country’s readiness to host the event as well as its long-standing partnership with Afreximbank to support Africa’s economic development, trade and investment. Mr. Abdalla said: “Egypt is honoured to host the 33rd Afreximbank Annual Meetings in Alamein, reflecting our continued commitment to supporting Africa’s economic integration, trade expansion, and sustainable development.” He also noted that these Meetings represent a high-level platform for dialogue and the exchange of views on the future of African economic and financial cooperation. He added: “The Meetings extend beyond conventional discussions to advance key continental priorities, including trade finance, regional integration, and the pressing need to reform the global financial architecture to better reflect the development needs of emerging economies.”Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, expressed his appreciation to H.E. Mr. Hassan Abdalla for his strong support and commitment to hosting AAM2026 in Alamein and for the efforts by all relevant institutions in coordinating these meetings in Egypt.  “Egypt and Afreximbank share a common vision to accelerate Africa’s economic development, industrialisation, and widespread economic prosperity across the continent. “AAM2026 will provide a valuable opportunity to strengthen partnerships, unlock investment opportunities, and advance discussions on intra-African trade, Africa’s financial sovereignty, and its economic resilience in an increasingly complex global environment”.Dr. Elombi added that “Through our Annual Meetings, Afreximbank aims to identify priority projects and actionable programmes that will accelerate the transformation of Africa’s trade infrastructure. Africa’s pace of growth will be driven by industrialisation and intra-African trade, and achieving this will require significant improvements in processing, logistics, and importantly, policy support from governments.”The briefing underscored the strong strategic partnership between Egypt and Afreximbank, while highlighting the Bank’s support for key sectors, including financial services, trade, industrial infrastructure, manufacturing, oil and gas, telecommunications, power, and construction.Additionally, the press briefing outlined the significant opportunities associated with Egypt hosting AAM2026, including enhancing the country’s position as a regional financial and business hub, supporting the Meetings, Incentives, Conferences and Exhibitions (MICE) sector, creating new opportunities for Egyptian businesses, investors and the broader private sector, as well as providing a major boost to tourism in Alamein.Dr Elombi said that the Bank has provided approximately US$9.5 billion in financing to Egypt over the past three years. He also referenced the groundbreaking of the Afreximbank African Trade Centre (AATC) in New Administrative Capital in December 2025, noting that the landmark US$250 million development will strengthen Egypt’s role as a regional hub for trade facilitation, payments, logistics, and SME development.Dr. Elombi further outlined plans for the proposed pan-African Gold Bank, an initiative designed to formalise Africa’s gold value chains, strengthen central bank reserves, and reduce the continent’s dependence on offshore refining and external trading centres.Over the years, Afreximbank’s Annual Meetings have become one of the leading platforms for shaping dialogue on Africa’s economic future and advancing intra-Africa trade. The 33rd Afreximbank Annual Meetings are expected to bring together Heads of State, government ministers, central bank governors, business leaders, academics, entrepreneurs, private sector investors, and development partners. They will deliberate on the key issues shaping Africa’s economic future and trade agenda, while advancing practical solutions for the continent.The AAM2026 programme will offer policy discussions, plenary sessions, business and investment forums, deal-signing ceremonies, major announcements, networking events, bilateral meetings, and forums on intra-African trade and the African Continental Free Trade Area (AfCFTA). It will also feature presentations on trade finance, industrialisation, energy, infrastructure, and digital transformation.<div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/1453cbc6-bba6-45b7-ae82-50b109fe7ed3_20260514103759.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/51b633a2-6aab-4aee-b20b-824cb16809e4_20260514103803.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/e67a7cd2-6551-432f-b493-f948d00a4ee9_20260514103807.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/ea198ee6-5989-4932-ac0c-0a1be95682d3_20260514103811.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/84ec2d59-5078-4e7e-823d-0da44eab6eed_20260514103816.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/b4752020-f79a-424b-821c-949db31695a1_20260514103819.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/478d96ce-8ef2-4b46-bcfa-ac433b03763f_20260514103827.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/9267c926-be26-4d42-8416-4f5aca75f721_20260514103832.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/80bff467-7029-42f4-a00f-9cd256224d66_20260514103836.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/14/$Id$/686339b7-7c6c-41a0-9ca4-308f59e51491_20260514103839.jpg"><div class="caption"> </div></div> Afreximbank,CBE,Central Bank of Egypt,Hassan Abdallahttps://www.bankygate.com/72929/Commercial-International-Bank-CIB-achieved-7-growth-in-net-profits-recording-EGP-177-billion-by-the-end-of-March-2026https://www.bankygate.com/72929/Commercial-International-Bank-CIB-achieved-7-growth-in-net-profits-recording-EGP-177-billion-by-the-end-of-March-2026Commercial International Bank (CIB) achieved 7% growth in net profits, recording EGP 17.7 billion by the end of March 2026Commercial International Bank EGX: COMI today reported first-quarter 2026 consolidated net income of EGP 17.8 Mon, 11 May 2026 23:42:01 +03002026-05-11T23:42:01+03:00Commercial International Bank (EGX: COMI) today reported first- quarter 2026 consolidated net income of EGP 17.8 billion, or EGP 4.65 per share,  up by 7% from first-quarter 2025. CIB delivered resilient financial performance in the first quarter of 2026, despite a  challenging and increasingly-uncertain global backdrop. As regional uncertainty  intensified with the prolongation of the US-Iran War, an upward flight in global  inflation sparked, bringing all monetary easing plans across the globe to a halt.That inevitably transmitted to the Egyptian Economy, with the Central Bank of Egypt  (CBE) putting-on-hold the anticipated series of policy-rate cuts that it started last  year, clearly prioritizing controlling inflation. In parallel, the Egyptian Pound  witnessed a net depreciation against the US Dollar by EGP 6.9 during the quarter,  as partly impacted by the strengthening of the US Dollar against other currencies,  and in a testament to the genuine flexibility and shock-absorbing nature of the  current exchange rate system in place. In the thick of these dynamics, S&P  maintained Egypt’s sovereign rating at “B”, while still affirming a “Stable” Outlook  for the Egyptian Economy. Against the previous backdrop, CIB upheld healthy top- and bottom-line growth  in the first quarter of 2026, with bottom line recording EGP 17.8 billion, growing  by 7% from last year, and with top line recording EGP 31.2 billion, growing by  15%.This was largely backed by robust balance sheet growth, in both local and  foreign currencies, while simultaneously upholding margins at 8.88% which came  slightly down by 24 basis points (bps) from last year, against the steep local policy- rate cuts by 825bps through the period.The latter comes in a further testament to the resilient balance sheet structure held by CIB, with special regard to the focus placed by Management on maintaining a healthy share of Current Accounts and  Saving Accounts (CASA) to Total Deposits, which increased from 56% last year to  62% this year, hence further backing margins and spreads against the decreasing  interest-rate environment. This fed into a healthy Return on Average Equity  (ROAE) of 31.9%, which materialized while simultaneously upholding a  comfortable Capital Adequacy Ratio (CAR) of 26.9%, and with a Common Equity  Tier I (CET1) Capital Ratio of 22.5%, primarily cemented by strong profitability  for the quarter which came in sufficient to accommodate for the pulling-down  impact of macroeconomic dynamics. Balance sheet growth came robust across all commercial activity lines. On the local  currency front, deposits grew by a decent 5% or EGP 33 billion from 2025 Year- End, and local currency loans -including securitization deals- grew by an impressive  7% or EGP 32 billion, bringing the local currency loan-to-deposit ratio to an all- time-high of 72%. On the foreign currency side, deposits grew by 2% or USD 172  million, while loans grew at a faster pace by 8% or USD 228 million, bringing the  foreign currency loan-to-deposit ratio to 34%, up from 32% by 2025 Year-End, in  line with the strategic direction by Management to gradually reap the low-hanging- fruits of profitable foreign currency lending.Loan growth in the quarter came  primarily backed by Institutional Banking Loans, which grew by 8% or EGP 41  billion, in real terms upon excluding the EGP Devaluation impact, inclusive of  EGP 27 billion growth in CAPEX lending.net profit,Commercial International Bank,CIBhttps://www.bankygate.com/72736/Emirates-NBD-Egypt-Reports-EGP-17-billion-Net-Profit-in-Q1-2026-with-Strong-Growth-Across-Key-Performance-Indicatorshttps://www.bankygate.com/72736/Emirates-NBD-Egypt-Reports-EGP-17-billion-Net-Profit-in-Q1-2026-with-Strong-Growth-Across-Key-Performance-IndicatorsEmirates NBD Egypt Reports EGP 1.7 billion Net Profit in Q1 2026 with Strong Growth Across Key Performance IndicatorsCairo, May 6, 2026: Emirates NBD Egypt delivered strong financial results for the first quarter ended March 20Wed, 06 May 2026 11:31:19 +03002026-05-06T11:31:19+03:00 <ul><li>   Net profit reached EGP 1.7 billion by the end of March 2026, representing a 22% growth compared to March 2025</li><li>    Total assets increased by 14% compared to December 2025</li><li>    Total customer loans and facilities grew by 15% compared to December 2025</li></ul>Cairo, May 6, 2026: Emirates NBD Egypt delivered strong financial results for the first quarter ended March 2026, supported by solid performance across its core banking businesses and continued growth in both lending and deposits. The results highlight the Bank’s sustained momentum and the effectiveness of its strategy in driving balanced growth, strengthening operational efficiency, and reinforcing its market position. The bank recorded a net profit of EGP 1.7 billion by the end of March 2026, compared to EGP 1.4 billion by the end of March 2025, marking a growth of 22%. Net profit before tax rose to EGP 2.6 billion by the end of March 2026, representing a growth of 25%. Net interest income reached EGP 3.7 billion by the end of March 2026, compared to EGP 2.9 billion during the same period in 2025, reflecting a growth of 25%. Total revenues increased to EGP 4.4 billion by the end of March 2026, compared to EGP 3.6 billion by the end of March 2025, marking a growth of 23%. On the financial position level, total assets increased by 14%, reaching EGP 237 billion by the end of March 2026, compared to EGP 207 billion by the end of December 2025, reflecting the strength of the asset base and continued expansion in operational activities. Total customer loans and facilities grew by 15% to reach EGP 110 billion by the end of March 2026, compared to EGP 96 billion by the end of December 2025, driven by an increase in retail loans and facilities to EGP 24 billion compared to EGP 21 billion with 11% growth, and corporate loans and facilities to EGP 85 billion compared to EGP 74 billion with 16% growth. Net loans also increased by 15% to reach EGP 103 billion compared to EGP 90 billion, reflecting strong growth in credit activity. At a more detailed level, personal loans increased to EGP 19 billion compared to EGP 17 billion by the end of March 2026 compared to December 2025, with a growth of 11%. Auto loans also grew by 11% to reach EGP 3.4 billion compared to EGP 3 billion by the end of December 2025. Credit cards increased to EGP 2.3 billion compared to EGP 2 billion with 10% growth, while direct loans recorded a notable growth of 27% to reach EGP 33 billion compared to EGP 26 billion by the end of December 2025. Overdrafts rose to EGP 43 billion by the end of March 2026 compared to EGP 38 billion by the end of December 2025 with 12% growth. Total deposits increased by 9% to reach EGP 185 billion by the end of March 2026, compared to EGP 170 billion by the end of December 2025, driven by an increase in retail deposits to EGP 76 billion compared to EGP 69 billion with 10% growth, and corporate deposits to EGP 108 billion compared to EGP 100 billion with 8% growth. Financial investments grew by 15% to reach EGP 85 billion compared to EGP 74 billion, while issued and paid-up capital remained unchanged at EGP 5 billion, and total equity reached EGP 23.50 billion. In terms of profitability indicators, returns on average assets (ROAA) reached 3.1%, while return on average equity (ROAE) reached 30.30%. Earnings per share increased to EGP 34.81 compared to EGP 28.63, achieving a growth of 21.6%. Amr ElShafie, CEO and Managing Director of Emirates NBD Egypt, said: “These results for the first quarter of 2026 reflect the bank’s success in maintaining a strong and upward performance direction, driven by our commitment to effectively executing our strategic vision since its launch in 2023. The bank has strengthened its leadership across various business segments, clearly demonstrated by the surge in achieved profits, the well-planned expansion of both loan and deposit portfolios, alongside improving operational efficiency levels and reinforcing the strength of our financial position.” He added: “These positive indicators prove the success of our business model, which balances ambitious expansion with maintaining asset quality. We are committed to continuing our development journey by offering innovative banking services and investing in technological solutions and human capabilities, ensuring we maintain our competitive position in the Egyptian market and deliver the best value to both our customers and shareholders.”  It is worth noting that the financial performance for 2025 reflects the strong momentum that the bank continued to build upon during the first quarter of 2026, as growth in net profits and total revenues was driven by the expansion of core business activities and improved operational efficiency. The strong increase in total assets and equity during 2025 also contributed to supporting a more solid financial base, which was directly reflected in the continued strong performance at the beginning of the new year, both in terms of profitability and growth in loan and deposit portfolios, confirming the bank’s ability to achieve sustainable and balanced growth across different business cycles.Emirates NBD Egypthttps://www.bankygate.com/72690/JP-Morgan-AI-agents-completing-purchases-autonomously-are-projected-to-represent-25-trillion-by-2030https://www.bankygate.com/72690/JP-Morgan-AI-agents-completing-purchases-autonomously-are-projected-to-represent-25-trillion-by-2030J.P. Morgan: AI agents completing purchases autonomously are projected to represent $2–$5 trillion by 2030J.P. Morgan sees five major shifts powering payments in 2026 and the direction of travel is clear: faster, friTue, 05 May 2026 10:30:44 +03002026-05-05T10:30:44+03:00J.P. Morgan sees five major shifts powering payments in 2026 — and the direction of travel is clear: faster, frictionless, and blockchain-powered.The 2026 Payments Outlook covers two very different worlds — retail payments and treasury operations.Retail payments are about experience.JPM sees a fabulous opportunity for agentic commerce as 65% of consumers expect frictionless payments, yet only 45% of merchants are prioritizing one-click checkout.This gap is in theory where agentic payments can make their mark:↳ AI agents completing purchases autonomously are projected to represent $2–$5 trillion by 2030↳ This represents 3–7% of global payment volumes transacted without a human clicking “buy.”The problem remains that merchants who haven’t solved one-click checkout are simply not ready for agents, and perhaps not ready for the increased merchant fees they will bring.Treasury payments are about infrastructure.Corporate treasuries show encouraging signs of progress:↳ 87% of organizations report at least some level of automation.↳ While only 3% have a fully automated treasury and payments system, 36% are mostly automated.JPM showcases its Kinexys treasury programs, and I give them tremendous credit for advancing digital treasury.Note that they use deposit tokens, not stablecoins, even minimizing mention of its famed JPM Coin to one tiny chart.The offerings below speak for themselves in showing the power of a blockchain treasury system:↳ Blockchain Deposit Accounts (BDAs) — Programmable blockchain-based accounts denominated in 8 major currencies, enabling 24/7 near real-time cross-border payments and liquidity optimization↳ Deposit Tokens — Behave like commercial bank deposits but issued on blockchain, usable for faster payments, trading, settlement, and collateral↳ Kinexys 24/7 FX & Programmable Payments — Access and convert currencies on demand through round-the-clock FX execution↳ Kinexys Confirm — Validates account information to optimize payments security and efficiency↳ Kinexys Tokenization Service — Enhances asset lifecycle efficiency with tokenizationSpeed Means FraudThe faster payments move, the more attractive they become to criminals, and the data in this report is stark:↳ Global cybercrime cost an estimated $10.5 trillion in 2025↳ Deepfakes now account for 40% of biometric fraud↳ 79% of U.S. businesses were hit by payments fraud last year↳ Losses from authorized push payment fraud alone forecast to exceed $3 billion by 2028The Execution GapPayments are making progress, but the gap between ambition and execution remains the industry’s most persistent problem.JPM paints a compelling vision of how AI, API connectivity, and blockchain will automate routine functions for both retail and wholesale payments.That said, when 55% of merchants can’t manage one-click checkout, and 65% of companies have barely automated treasury functions, it’s clear that this is a transformation that won’t happen overnight.JPM shows that a big disruption in payments is coming, but implementation will be uneven, with early adopters likely to reap the most benefits.payments,powering payments,J.P. Morganhttps://www.bankygate.com/72637/GlobalCorp-completes-its-first-EGP-1-billion-short-term-bond-issuance-to-support-factoring-activityhttps://www.bankygate.com/72637/GlobalCorp-completes-its-first-EGP-1-billion-short-term-bond-issuance-to-support-factoring-activityGlobalCorp completes its first EGP 1 billion short-term bond issuance to support factoring activityGlobalCorp for Financial Services announced the successful completion of its first short-term debt issuance, vMon, 04 May 2026 10:10:11 +03002026-05-04T10:10:11+03:00GlobalCorp for Financial Services announced the successful completion of its first short-term debt issuance, valued at EGP 1 billion. This issuance represents the first tranche of a broader EGP 2 billion program, marking GlobalCorp entry into the short-term bond market while supporting its strategy to strengthen and expand its factoring business.The issuance was executed in collaboration with Al Ahly Pharos, which acted as the financial advisor, lead arranger, issuance manager, bookrunner, and underwriter. Al Ahli Kuwaiti Bank also participated as an underwriter, while the Arab African International Bank served as the settlement bank alongside Next Bank, which acted as placement agent.Several specialized firms contributed to structuring and executing the issuance. El Dereny & Partners acted as legal advisor, while Baker Tilly – Mohamed Helal and Waheed Abdel Ghaffar served as the issuance auditors. Middle East Ratings and Investor Services (MERIS) provided the credit rating for the issuance.In recognition of this milestone, Ahmed El Tobgy, CEO of GlobalCorp for Financial Services, stated: “The successful completion of this issuance marks a significant strategic step in our efforts to diversify funding sources, supporting our growth and expansion plans.”Additionally, Dyala Saeed, CEO of GlobalCorp and Managing Director of Finance and Factoring activities, further elaborated “This is our first issuance in the short-term bond market, and the first dedicated to supporting factoring activities, reflecting our commitment to developing innovative financing solutions that enhance the efficiency of our operations and keep pace with market developments.”The executives jointly affirmed “We aim to build on this issuance by expanding our use of short-term debt instruments as a key component of our funding structure, enabling greater flexibility in liquidity management and supporting the growth of our factoring portfolio. GlobalCorp continues to explore new opportunities in the capital markets, including future issuances aligned with market needs, as we further strengthen our presence in the non-banking financial services sector while maintaining the highest standards of efficiency and governance.”<div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/04/$Id$/4d36a026-7d99-485a-9093-9342ccd16280_20260504103903.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/05/04/$Id$/047c1119-3eca-455d-8866-bd9888e1a3da_20260504103906.jpg"></div> Next Bank,inancial Services,Arab African International Bank,GlobalCorphttps://www.bankygate.com/72272/QNB-Group-Marks-Earth-Day-with-Sustainable-Employee-Initiativeshttps://www.bankygate.com/72272/QNB-Group-Marks-Earth-Day-with-Sustainable-Employee-InitiativesQNB Group Marks Earth Day with Sustainable Employee InitiativesSat, 25 Apr 2026 10:27:14 +03002026-04-25T10:27:14+03:00QNB Group, a leading financial institution in the Middle East and Africa, marked Earth Day with a series of sustainability-focused initiatives aimed at raising environmental awareness among its employees in Qatar and across its international network.Held under this year’s global theme, “Our Power, Our Planet,” the initiative reflects QNB Group’s continued commitment to integrating sustainable practices into its operations and fostering a culture of environmental responsibility. The activities, organised at QNB Al Mathaf Tower in collaboration with the Group Safety and Security Department, encouraged employees to actively engage in climate-conscious actions as part of their daily routines.As part of the initiative, employee shuttle services were replaced with electric buses, offering a cleaner and more environmentally friendly commuting alternative. In addition, an electric vehicle-powered coffee station was set up, demonstrating the practical application of renewable energy solutions in everyday experiences.This initiative forms part of QNB Group’s broader sustainability agenda, reinforcing its role as “more than a bank”, an institution that goes beyond traditional banking to contribute positively to society and the environment. Through such efforts, the Group continues to support the environmental pillar of Qatar National Vision 2030, which seeks to balance economic, human, and social development with environmental protection.QNB Group’s approach is aligned with Qatar’s environmental strategy under the Third National Development Strategy (2024–2030), which prioritises reducing greenhouse gas emissions, expanding renewable energy adoption, and promoting sustainable practices across sectors.On Earth Day, the Group also announced that it had achieved Global Sustainability Assessment System (GSAS) Gold certification for its Head Office, reflecting a comprehensive commitment to environmental responsibility across both its operations and employee engagement. Since its establishment in 1964, QNB has evolved alongside Qatar’s development and today continues to embed sustainability at the core of its operations. The Group has also attained a 4-Star GSAS Design & Build certification for its Lusail headquarters development and is advancing GSAS Design for Fit-Out certification.In parallel, the Group continues to expand its portfolio of green financing solutions, including green mortgages and hybrid vehicle loans, supporting customers in making more sustainable lifestyle choices while contributing to the transition towards a low-carbon economy. Through initiatives such as its Earth Day programme, QNB Group continues to strengthen awareness, drive behavioural change, and further embed sustainability across its operations and day-to-day business practices.https://www.bankygate.com/72237/KFH-Named-Best-Bank-for-Sustaining-Communities-in-the-Middle-East-by-Global-Financehttps://www.bankygate.com/72237/KFH-Named-Best-Bank-for-Sustaining-Communities-in-the-Middle-East-by-Global-FinanceKFH Named “Best Bank for Sustaining Communities in the Middle East” by Global FinanceKuwait Finance House KFH has been named Best Bank for Sustaining Communities in the Middle East by Global FinaThu, 23 Apr 2026 12:10:11 +02002026-04-23T12:10:11+02:00Kuwait Finance House (KFH) has been named “Best Bank for Sustaining Communities in the Middle East” by Global Finance magazine, as part of its Sixth Annual Sustainable Finance Awards, recognizing outstanding leadership in sustainable finance worldwide.The Global Finance Sustainable Finance Awards Ceremony 2026 was held in London to honor institutions demonstrating excellence in financing initiatives that mitigate climate change, promote social inclusion, and contribute to building a more sustainable and resilient future.Winners were selected across multiple categories, including sustainability financing, community support, transparency and reporting, infrastructure development, and emerging-market sustainability funding, spanning 56 countries, territories, and districts. Commitment to Sustainable CommunitiesCommenting on the achievement, KFH Head of Group Compliance and Governance, Meshal Alshayee, said: “We are deeply honored to receive Global Finance’s award for Best Bank for Sustaining Communities in the Middle East. This recognition underscores our unwavering commitment to sustainability as a core pillar of KFH’s strategy and operations. We firmly believe that financial leadership carries a responsibility to nurture resilient, inclusive, and environmentally conscious communities. Through sustainable financing initiatives, impactful social development programs, and investments that support long-term prosperity, this award further inspires us to strengthen our role as a leading force in sustainable development and community empowerment.” Integration of ESG PrinciplesAlshayee indicated that 2025 marked a milestone year for KFH’s sustainability journey, achieved through the integration of sustainability into the Group’s overall strategy and the adoption of Environmental, Social, and Governance (ESG) principles. These efforts align with Kuwait Vision 2035 and the United Nations Sustainable Development Goals (UN SDGs), reinforcing KFH’s commitment to responsible and future-focused banking. Sustainability and Carbon Footprint ReportingHe added: “In 2025, KFH issued its fifth annual Sustainability Report, highlighting its progress and initiatives across environmental, social, and governance pillars. The Bank also released its third Carbon Footprint Report, providing a comprehensive assessment of the environmental impact of its operations. These reports support KFH’s commitment to transparency, emissions monitoring, and continuous environmental performance improvement”. World-Class Rankings and Prestigious AwardsAlshayee pointed out that building on its sustainability achievements, KFH earned the MSCI ESG “A” Rating, reflecting strong ESG practices and sustainable finance performance. The Bank was included in the FTSE4Good Index Series, further reinforcing its standing among leading global sustainable financial institutions. Global Finance PerspectiveFrom his side, Joseph Giarraputo, Founder and Editorial Director of Global Finance, stated: “Sustainable finance continues to expand in key markets around the world, driven by strong issuance of green, social, and sustainability bonds, with the sustainable debt market now measured in the trillions of dollars. However, persistent challenges remain, including regulatory fragmentation, data and disclosure gaps, concerns about greenwashing, and the need for more credible impact measurement. Global Finance’s Sustainable Finance Awards celebrate financial institutions that demonstrate creative, innovative, and effective leadership across a wide range of initiatives.” Criteria and Selection ProcessRegional winners were selected by Global Finance editors based on award submissions, independent research, governance policies, strategic objectives, and measurable achievements in environmental and social sustainability financing. The awards evaluated initiatives and performance from January 2025 through December 2025. About Global FinanceFounded in 1987, Global Finance has a circulation of approximately 50,000 readers across 185 countries, territories, and districts. Its audience includes senior corporate and financial decision-makers at multinational companies and financial institutions. The magazine’s website, GFMag.com, offers in-depth analysis and commentary drawn from nearly four decades of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world.https://www.bankygate.com/72231/Agriculture-Bank-of-Egypt-Signs-Cooperation-Protocol-with-Dakahliya-Governorate-to-Modernize-Public-Transportationhttps://www.bankygate.com/72231/Agriculture-Bank-of-Egypt-Signs-Cooperation-Protocol-with-Dakahliya-Governorate-to-Modernize-Public-TransportationAgriculture Bank of Egypt Signs Cooperation Protocol with Dakahliya Governorate to Modernize Public TransportationThe Agricultural Bank of Egypt ABE has signed a cooperation protocol with Dakahliya Governorate as part of itsThu, 23 Apr 2026 11:10:13 +02002026-04-23T11:10:13+02:00The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with Dakahliya Governorate as part of its ongoing commitment to supporting government priorities and promoting financial inclusion. The collaboration aims to introduce a comprehensive financing program for the replacement and renewal of microbus vehicles, with the goal of modernizing public transportation and providing safer, higher-quality services to citizens. Reflecting the bank’s vision as an active development partner, this cooperation reaffirms ABE’s strong commitment to supporting government efforts to enhance the quality of life and foster meaningful, sustainable development in rural areas. The protocol was signed by Serag Abdel Fattah, Group Chief of Business Development and Sales at ABE, and Major General Emad Abdallah, Secretary-General of Dakahliya Governorate, in the presence of Major General Tarek Marzouk, Governor of Dakahliya, along with a group of officials from the bank and the governorate.This protocol represents an integrated model of cooperation between the banking sector and the executive authorities. Under this initiative, ABE will finance the renewal of public transport vehicles in the governorate, including dilapidated small pickup trucks and worn-out microbuses, replacing them with 600 new, modern microbuses through flexible and easily accessible financing programs designed for drivers and vehicle owners. Serag Abdel Fattah, Group Chief of Business Development and Sales at ABE, stated, “This protocol represents a strategic step toward developing public transportation in Dakahliya Governorate, delivering safer and more efficient services to citizens, while also creating sustainable employment opportunities for youth” “ABE is committed to providing innovative financial solutions that align with market needs. We are offering unprecedented financing facilities for vehicles, including a 25% down payment and repayment periods of up to 84 months. These solutions empower vehicle owners and support them in increasing their income and meeting their financial obligations, thereby enhancing their social welfare,” Abdel Fattah added. Serag Abdel Fattah also noted that the protocol was activated immediately upon completion of the signing procedures, with the bank deploying representatives to the Technology Center at the Governorate’s General Office, as well as to all technology centers within the local administrative units across districts, cities, and neighborhoods. This arrangement is intended to receive applications from vehicle owners wishing to replace their vehicles and obtain approval on the same day. Abdel Fattah also stated that ABE aims, in the current period, to deliver distinguished banking services of the highest quality through streamlined procedures, diverse products and programs that meet the needs of all segments of society, while also attracting new clients. This aligns with the bank’s strategy to be closer to all citizens and capable of fulfilling their various requirements. ABE selected Dakahliya Governorate for the implementation of this initiative due to its strategic location in the heart of the Nile Delta, its high population density, and its status as one of Egypt’s key economic and agricultural hubs. Accordingly, the development of the transportation system represents a key component of the governorate’s development plans, given its direct impact on citizens’ daily lives and its role in supporting various economic activities. It is also expected that this initiative will be extended to other governorates across Egypt.  The collaboration reflects ABE’s strategy of expanding its provision of flexible financial solutions that meet the needs of all citizens, while focusing on improving operational efficiency and delivering fast services. This reinforces ABE’s position as a leading development bank. The cooperation also serves as a successful model of integration between financial institutions and governmental bodies, contributing to the achievement of sustainable economic and social development, with a positive impact on citizens’ lives across various governorates throughout Egypt.About the Agricultural Bank of Egypt The Agricultural Bank of Egypt is a leading specialized bank in Egypt and the Middle East, playing a vital role in supporting the agricultural and rural sectors while contributing to economic development and the advancement of food security across Egypt. Established in 1930, ABE now operates as a wholly state-owned joint stock company, providing a wide range of integrated financial solutions to support diverse agricultural and development activities. With a network of more than 1,200 branches spanning governorates across Egypt and a robust infrastructure, ABE continues to reinforce its position as a leading development bank serving all sectors nationwide.https://www.bankygate.com/71998/Hassan-Abdullah-participates-virtually-in-the-meeting-of-central-bank-governors-as-part-of-the-IMF-and-World-Bank-Spring-Meetingshttps://www.bankygate.com/71998/Hassan-Abdullah-participates-virtually-in-the-meeting-of-central-bank-governors-as-part-of-the-IMF-and-World-Bank-Spring-MeetingsHassan Abdullah participates virtually in the meeting of central bank governors as part of the IMF and World Bank Spring MeetingsFri, 17 Apr 2026 15:35:49 +02002026-04-17T15:35:49+02:00H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE) and Egypt’s Governor to the International Monetary Fund (IMF), participated via video conference in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region meeting of Central Bank Governors and Ministers of Finance, held as part of the IMF–World Bank Spring Meetings 2026.     In his remarks, the Governor reviewed the latest economic developments in Egypt and the progress achieved in the economic reform program. He emphasized that Egypt has successfully implemented significant economic reforms since 2024, spearheaded by the move towards an inflation-targeting regime and a flexible exchange rate. This has contributed to a decline in inflation from a peak of 38% to 11% in January 2026, while international reserve levels reached an all-time high of around USD 53 billion as of March 2026.    He further addressed the implications of the current regional conflicts and geopolitical tensions, highlighting their impact on inflation, external balances, and capital flows. Mr. Abdalla reaffirmed the Central Bank’s commitment to maintaining a flexible exchange rate, allowing the currency to act as a shock absorber in the face of external pressures. This was clearly evidenced by having the EGP recover 50% of its earlier losses in just a few days, on improved resources and backed by de-escalation scenarios.     The Governor affirmed that these factors underscore the enhanced resilience, and more importantly, they point to a deep-seated belief in Egypt’s longer-term reform story and its unwavering potential. He also reiterated that the CBE stands ready to take the necessary measures to ensure that inflation expectations remain well anchored, emphasizing the Egyptian economy’s improved capability to navigate external shocks - compared to previous geopolitical crises - supported by ongoing structural reforms and improved policy frameworks. Moreover, Mr. Abdalla highlighted the critical role of international cooperation and global institutions in providing adequate liquidity, which is a crucial element in mitigating external shocks, underlining the support of the IMF, particularly should these shocks persist for a long time.    The MENAP group serves as a key regional platform that brings together central bank governors, finance ministers, and international partners to discuss macroeconomic developments, policy coordination, and shared challenges across the region. The discussions this year revolved around the impact of geopolitical instability on each country in the region, and how the IMF can enhance its support to its members.     The participation of the Governor in the MENAP meeting reflects the CBE’s continued engagement with regional and international partners to address shared economic challenges and promote financial stability and sustainable growth across the region.World bank,Hassan Abdullah,Spring meetings,IMFhttps://www.bankygate.com/71926/IMF-Global-Growth-Forecasts-Cut-Amid-Iran-War-Risks-to-the-Global-Economyhttps://www.bankygate.com/71926/IMF-Global-Growth-Forecasts-Cut-Amid-Iran-War-Risks-to-the-Global-EconomyIMF: Global Growth Forecasts Cut Amid Iran War Risks to the Global EconomyThe International Monetary Fund has warned of widening economic repercussions the ongoing conflict in the MiddWed, 15 Apr 2026 15:21:59 +02002026-04-15T15:21:59+02:00The International Monetary Fund has warned of widening economic repercussions from the ongoing conflict in the Middle East, noting that only a limited number of countries may be able to avoid its impact. The Fund highlighted expectations of slowing global growth alongside rising inflationary pressures.Revised Global Growth OutlookThe IMF has lowered its global growth forecast to 3.1%, down from 3.3% in its January projections, primarily due to the economic fallout linked to the conflict involving Iran.It further cautioned that if the war persists, global growth could decline to around 2%, a historically rare and significantly weak level.Inflation and Energy CrisisThe IMF raised its global inflation forecast to 4.4%, marking an increase of 0.6 percentage points compared to previous estimates, driven largely by rising energy prices.Despite describing the current situation as one of the most severe energy crises in modern history, the Fund noted that its impact remains less intense than the oil shocks of the 1970s, due to:<ul><li>Greater diversification of energy sources</li><li>Reduced dependence on oil</li><li>Improved global economic efficiency</li><li>Diverging Impact Across Economies</li></ul>Advanced Economies:<ul><li>United States: Among the least affected, with projected growth of 2.3%</li><li>United Kingdom: Most impacted, with growth at 0.8%</li><li>Eurozone: Slowing to 1.1%</li></ul>Emerging Markets:<ul><li>China: Slight decline to 4.4%</li><li>India: Rising to 6.5%</li><li>Brazil: Growth at 1.9%</li><li>Russia: Improving to 1.1%, supported by energy revenues</li></ul>Most Affected RegionThe IMF identified the Middle East, North Africa, and Central Asia as the most heavily impacted regions, with sharply downgraded growth forecasts and potential economic contractions in some countries due to direct war-related effects.Economic AnalysisThese projections reflect a high degree of global uncertainty, where geopolitical tensions are increasingly intertwined with economic dynamics, leading to:<ul><li>Broad-based slowdown in global economic activity</li><li>Persistent inflationary pressures driven by energy costs</li><li>Uneven capacity across countries to absorb economic shocks</li></ul>Energy-exporting economies may benefit relatively, while energy-importing countries are expected to bear the brunt of the crisis.The IMF emphasized that the global economic outlook will remain highly dependent on developments in the Middle East. Containing the conflict will be critical to mitigating growth slowdown and easing inflationary pressures.Global Economy,The International Monetary Fundhttps://www.bankygate.com/71920/Bank-of-America-Beats-Estimates-with-86-Billion-Profit-on-Strong-Trading-and-Deal-Activityhttps://www.bankygate.com/71920/Bank-of-America-Beats-Estimates-with-86-Billion-Profit-on-Strong-Trading-and-Deal-ActivityBank of America Beats Estimates with $8.6 Billion Profit on Strong Trading and Deal ActivityBank of America reported strong financial results for the first quarter of 2026, beating analysts expectationsWed, 15 Apr 2026 14:23:01 +02002026-04-15T14:23:01+02:00Bank of America reported strong financial results for the first quarter of 2026, beating analysts’ expectations, driven by robust performance in trading and investment banking despite volatile global markets.Global equity markets entered 2026 on a strong footing, supported by interest rate cuts in late 2025 and solid corporate earnings. However, sentiment quickly shifted as a more hawkish stance from the Federal Reserve, rising concerns over an artificial intelligence valuation bubble, and escalating geopolitical tensions in the Middle East weighed on markets.Amid this volatility, the bank benefited from increased client activity, with sales and trading revenue rising 13% to $6.4 billion, supported by record equities trading volumes.Dealmaking also played a key role in boosting performance, as global M&A activity remained resilient. Total deal volumes exceeded $1.2 trillion in the first quarter, according to data from LSEG. Bank of America advised on several major transactions, including deals involving McCormick & Company, Unilever, Boston Scientific, Penumbra, Devon Energy, and Coterra Energy.Net profit rose nearly 17% to $8.6 billion for the three months ended March 31, while earnings per share reached $1.11, surpassing analysts’ expectations of $1.01.Net interest income increased 9% to $15.7 billion, supported by the repricing of assets into higher-yielding instruments and lower deposit costs following rate cuts in 2025.CEO Brian Moynihan said the bank remains cautious about evolving risks but highlighted strong client activity, solid consumer spending, and stable asset quality, signaling resilience in the U.S. economy.The bank also continued expanding in private credit, with approximately $20 billion in portfolio financing exposure and a $25 billion allocation to compete in the fast-growing segment.Despite strong operational performance, shares of major U.S. banks, including JPMorgan Chase and Wells Fargo, have underperformed the broader S&P 500 so far in 2026.financial results,Bank of Americahttps://www.bankygate.com/71511/SpaceX-Prepares-for-Mega-IPO-Led-by-Global-Banking-Consortiumhttps://www.bankygate.com/71511/SpaceX-Prepares-for-Mega-IPO-Led-by-Global-Banking-ConsortiumSpaceX Prepares for Mega IPO Led by Global Banking ConsortiumSpaceX is preparing to launch one of the largest initial public offerings IPOs in recent years, backed by a glWed, 01 Apr 2026 09:39:48 +02002026-04-01T09:39:48+02:00SpaceX is preparing to launch one of the largest initial public offerings (IPOs) in recent years, backed by a global consortium of at least 21 banks.According to Reuters, the offering is expected to take place in June, with the rocket company—controlled by its founder and CEO Elon Musk—valued at approximately $1.75 trillion.A group of major global financial institutions will act as lead underwriters for the deal, including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup.The anticipated IPO marks a pivotal milestone for SpaceX, as investor appetite for advanced technology and space-sector companies continues to grow, positioning the deal as potentially one of the largest in capital markets history.Elon Musk,Reuters,SpaceXhttps://www.bankygate.com/71483/Bank-NXT-Achieves-Record-Net-Profit-of-EGP-317-Billion-in-2025https://www.bankygate.com/71483/Bank-NXT-Achieves-Record-Net-Profit-of-EGP-317-Billion-in-2025Bank NXT Achieves Record Net Profit of EGP 3.17 Billion in 2025 Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced today itTue, 31 Mar 2026 13:19:45 +02002026-03-31T13:19:45+02:00 Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced today its financial results for 2025, reporting a record net profit of EGP 3.17 billion and achieving a strong annual growth rate of 80%. This outstanding performance was driven by product development, strategic partnerships, and the execution of the bank's ambitious growth plan to meet evolving customer needs.Net interest income rose 29% to reach EGP 5.03 billion by the end of fiscal year 2025, compared to EGP 3.91 billion in 2024. Operating profit climbed 51% year-on-year  (Y-o-Y) to EGP 7.44 billion, fueled by strong growth in net interest income, a significant expansion of the financing portfolio, and improved asset utilization efficiency.The total financing portfolio (before provisions) grew 58% to reach EGP 51.31 billion in 2025, up from EGP 32.51 billion in 2024. This was driven by a 51% increase in corporate and institutional financing to EGP 33.39 billion, alongside a 74% surge in retail loans to EGP 17.92 billion. Despite local and global economic challenges, the bank maintained a solid capital adequacy ratio of 22.02%, reinforcing its financial strength and supporting its growth strategy. Customer deposits reached EGP 79.9 billion by the end of December 2025, reflecting a 17% annual growth rate from EGP 68 billion in the previous year, highlighting growing customer confidence. Total assets increased by 27% to EGP 100.74 billion, while total shareholders' equity reached EGP 15.4 billion, a strong 87% annual growth.Tamer Seif El-Din, CEO and Managing Director of Bank NXT, commented: “I am proud of the exceptional performance achieved in 2025, which reflects a true leap in the bank's journey and is the result of unwavering dedication of our team, the trust of our customers, and a clear executive vision supported by a Board of Directors that believes leadership is a continues journey of growth and progress– driven by disciplined execution and a well-defined expansion strategy. What we achieved this year represents a qualitative shift in business volume, customer base, and operational efficiency. Our human capital remains the cornerstone of our success, driven by a corporate culture of performance and commitment, and teamwork."During 2025, the bank increased issued and paid-in capital by EGP 4.2 billion, bringing the total to EGP 9.9 billion. This was achieved through a fully covered rights issue for existing shareholders. Seif El-Din added that this capital increase is a strategic milestone that enhances the bank's capital base, enabling expansion in sector-wide financing, supporting digital transformation, and strengthening its position as one of Egypt’s fastest-growing banks.To drive innovation, Bank NXT enhanced its savings and financing products, with high-net-worth segments recording notable growth, increasing their contribution to retail deposits. The bank also redesigned its monthly savings account to offer a competitive rate of up to 18%. Which contributed to attracting EGP 10 billion in new balances.The credit card portfolio grew by 85% to reach 50,000 cards, while card spending jumped 246% to EGP 4.5 billion, with card balances exceeding EGP 1 billion by year-end. The bank also rolled out several key initiatives, including corporate and prepaid card solutions, the launch of the Infinite metal credit card for “Private Banking” clients, and the NXT WiN loyalty platform, which offers a comprehensive rewards system.Personal loans achieved growth ratio 70% to reach EGP 13.8 billion within the overall individual loans portfolio. The bank also offered a range of financing solutions, including personal, auto loans, and other individual loans. Moreover, the bank has launched competitive campaigns (particularly for auto loans) alongside strategic partnerships with new and used car dealers to further support growth in this segmentThe bank also signed a protocol with the Social Housing and Mortgage Finance Fund to provide EGP 2 billion in mortgage financing for low- and middle-income citizens, up from EGP 800 million in the previous protocol. The bank financed more than 13,000 clients, bringing the mortgage portfolio to EGP 3.085 billion by the end of December 2025, reflecting a growth rate of 71%. The bank also launched a dedicated "Mortgage Hub & Sales" in Maadi to streamline procedures.Corporate and institutional financing grew by 51% to reach EGP 33.39 billion, driven by the growth in syndicated loans, as well as large corporate and non-bank financial institutions lending, which reached EGP 27.9 billion compared to EGP 17.9 billion in 2024, in addition to the expansion of SME financing. Non-government bond investments also grew by 60% to reach EGP 2.96 billion. The bank also successfully attracted new clients to its credit portfolio, reinforcing its position as a trusted partner for corporates in the Egyptian market. In addition, the bank continued to reduce sector concentration and enhance portfolio diversification, reflecting its resilience and commitment to supporting sustainable economic growth. On the digital front, Bank NXT partnered with UiPath for intelligent automation, Red Hat for secure open-source digital environments, and IBM, for real-time system monitoring and business automation. The ATM network expanded by 26% to 145 machines, with 97% of the network upgraded. ATM transactions exceeded 4 million, and the bank launched NFC services and mobile wallet capabilities for deposit and withdrawal.In line with Egypt’s Vision 2030 and ESG standards, the bank’s sustainable financing reached EGP 3.62 billion in 2025, including EGP 1.162 billion for environmental projects (renewable energy and efficiency) and EGP 2.458 billion for social initiatives (SMEs and financial inclusion). The bank also continued to support the transition towards a green economy by expanding its electric vehicle financing portfolio during 2025. The bank also released its second GRI-compliant sustainability report.Financial inclusion efforts included initiatives for International Women's Day (opening accounts with no minimum balance), the "Tamkeen" and "Qaderoon" programs to empower women and people with disabilities, and the 15Teen+ account for youth without guardian. The bank also signed a protocol with the Ministry of Youth and Sports.CSR initiatives, through Bank NXT and the Bank NXT Foundation for Community Development, included partnering with EFG Foundation to support the training and qualification of nursing staff at the treatment centers affiliated with Magdi Yacoub Heart Foundation at Aswan Heart Centre (AHC), partnering with Elsewedy Electric Foundation to sponsor 52 students at Elsewedy Technical Academy, launching health convoys to support  the Mervat Sultan Foundation initiative "Egypt in Our Eyes", sponsoring the Egyptian Paralympic Volleyball team, and collaborating with the Orman Association for Ramadan food distributions.In recognition of its 2025 performance, Bank NXT received several international awards:<ul><li>    Fastest Growing Credit Card Portfolio 2025 – Global Brands Magazine.</li><li>    Fastest Growing Mortgage Portfolio 2025 – Global Brands Magazine.</li><li>    Best Syndicated Loan in Africa 2025 – EMEA Finance (for the Social Housing Fund syndication).</li><li>    Best Local Currency Loan in North Africa 2025 – EMEA Finance (for the Telecom Egypt syndication).</li><li>  Best Social Media Marketing 2025 – MENA Banking Excellence (for the rebranding campaign).</li></ul> For the full financial report and management commentary, please visit: www.banknxteg.com2025,financial results,Bank NXThttps://www.bankygate.com/71320/Central-Bank-Financial-Soundness-Indicators-Confirm-Strength-of-Egypts-Banking-Sectorhttps://www.bankygate.com/71320/Central-Bank-Financial-Soundness-Indicators-Confirm-Strength-of-Egypts-Banking-SectorCentral Bank: Financial Soundness Indicators Confirm Strength of Egypt’s Banking SectorThe Financial Soundness Indicators have underscored the resilience and robustness of the banking sector as a kThu, 26 Mar 2026 12:19:19 +02002026-03-26T12:19:19+02:00The Financial Soundness Indicators have underscored the resilience and robustness of the banking sector as a key pillar supporting the State's efforts to achieve economic, financial, and monetary stability. This resilience is reflected in the banking sector's ability to provide financing for various economic sectors, contributing to the increase of Gross Domestic Product (GDP), and achieving high growth and investment rates, as well as creating job opportunities for all citizens. Additionally, the capital adequacy ratio reached 19.6% by the end of Q4 2025, marking an increase of 0.4%, compared to a minimum regulatory requirement of 12.5%.Regarding asset quality, the Non-Performing Loans (NPLs) ratio declined to 1.9% of total loans, with the provisions’ coverage ratio for NPLs reaching 90.2%. Moreover, indicators reflected the maintenance of high and stabilized liquidity rates in both local and foreign currencies, which recorded 40.3% and 79.5%, respectively, compared to the minimum regulatory requirement of 20% and 25%, respectively. As for the loan-to-deposit ratio, it marked 66.4% by the end of Q4 2025.These indicators confirmed the preservation of high profit margins, with a return on equity of 39.0% by the end of FY2024.In this regard, the banking sector’s financial resilience fosters banks' ability to support the national economy, maintained by the regulatory framework of the Central Bank of Egypt (CBE), which closely monitors the performance of all banks and ensures their adherence to international best practices in achieving financial stability.Central Bank,Egypt’s Banking Sector,Stability Indicatorshttps://www.bankygate.com/71212/SAMA-ISSUES-THE-UPDATED-OVERSIGHT-FRAMEWORK-OF-THE-PAYMENT-SYSTEMS-AND-THEIR-OPERATORShttps://www.bankygate.com/71212/SAMA-ISSUES-THE-UPDATED-OVERSIGHT-FRAMEWORK-OF-THE-PAYMENT-SYSTEMS-AND-THEIR-OPERATORSSAMA ISSUES THE UPDATED OVERSIGHT FRAMEWORK OF THE PAYMENT SYSTEMS AND THEIR OPERATORSThe Saudi Central Bank SAMA announced the issuance of the updated Oversight Framework of the Payment Systems aTue, 24 Mar 2026 12:25:53 +02002026-03-24T12:25:53+02:00The Saudi Central Bank (SAMA) announced the issuance of the updated “Oversight Framework of the Payment Systems and Their Operators," which will replace the currently applicable “Oversight Framework for Payments and Financial Settlement Systems." This is part of SAMA's supervisory and regulatory role over the payments sector, and its ongoing efforts to support the sector's stability and growth.The update defines the scope of the framework and aligns it with the provisions of the Law of Payments and Payment Services issued by Royal Decree No. (M/26) dated 22/03/1443 AH, and its implementing regulations. It also outlines the supervisory methodology, including oversight tools, self-assessment, and oversight assessment. In addition, the update identifies the obligations of payment systems and their operators in line with applicable regulatory frameworks and international standards.The Saudi Central Bank,Payment Systemshttps://www.bankygate.com/71049/Reserve-Bank-of-Australia-Raises-Cash-Rate-to-410https://www.bankygate.com/71049/Reserve-Bank-of-Australia-Raises-Cash-Rate-to-410Reserve Bank of Australia Raises Cash Rate to 4.10%The Reserve Bank of Australia RBA announced today, Tuesday, that its Monetary Policy Board has decided to incrTue, 17 Mar 2026 11:06:25 +02002026-03-17T11:06:25+02:00The Reserve Bank of Australia (RBA) announced today, Tuesday, that its Monetary Policy Board has decided to increase the official cash rate by 25 basis points, bringing it to 4.10%.According to the RBA statement, the decision was passed with a majority of 5 members voting in favor of the increase, while 4 members voted to keep the rate unchanged at 3.85%.The statement highlighted that, although inflation has declined significantly from its peak in 2022, it surged notably during the second half of 2025. Information from the previous Monetary Policy Board meeting indicated that part of this increase reflects rising pressures on productive capacity.Additionally, the ongoing conflict in the Middle East has led to sharp increases in fuel prices, which could further accelerate inflation if the trend continues. Short-term inflation expectations have already risen as a result. The Board noted that there is a significant risk of inflation remaining above the target for longer than anticipated.The RBA also observed that private demand grew substantially above expectations in mid-2025, although the composition of this growth was somewhat surprising in the fourth quarter. Business investment exceeded forecasts, whereas consumption fell short of expectations. Meanwhile, unit labor costs growth slowed.At the same time, the unemployment rate remained slightly below expectations, and indicators of underutilized labor continued to be low. The housing market experienced strong activity and price growth over the past year, although the pace of housing price increases slowed somewhat at the beginning of 2026.The statement concluded that the Board will closely monitor evolving data, forecasts, and risks to guide its policy decisions. Particular attention will be given to developments in the global economy and financial markets, trends in domestic demand, inflation expectations, and labor market conditions.Reserve Bank of Australia,Monetary Policyhttps://www.bankygate.com/70960/Suez-Canal-Bank-Participates-as-a-Main-Sponsor-of-the-Second-Edition-of-the-Al-Rawi-Storyteller-Award-to-Support-Youth-Empowerment-and-Promote-Creativity-and-Innovationhttps://www.bankygate.com/70960/Suez-Canal-Bank-Participates-as-a-Main-Sponsor-of-the-Second-Edition-of-the-Al-Rawi-Storyteller-Award-to-Support-Youth-Empowerment-and-Promote-Creativity-and-InnovationSuez Canal Bank Participates as a Main Sponsor of the Second Edition of the “Al Rawi Storyteller Award” to Support Youth Empowerment and Promote Creativity and InnovationSuez Canal Bank announced its participation as a main sponsor of the second edition of the Al Rawi StorytellerSun, 15 Mar 2026 11:51:15 +02002026-03-15T11:51:15+02:00Suez Canal Bank announced its participation as a main sponsor of the second edition of the Al Rawi Storyteller Award, an initiative that aims to discover young talents in content creation and creative storytelling. This comes as part of the bank’s social role and its keenness to supporting and empowering youth and promoting innovation. Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, has joined the jury committee of the second edition of the award, reflecting the bank’s keenness to supporting initiatives that help discover young talents and promote a culture of creativity among new generations. The second edition of the award comes under the patronage of the Ministry of Planning and Economic Development, the Ministry of Social Solidarity, the Ministry of Tourism and Antiquities, and the Ministry of Culture, with media figure Mr. Tarek Nour, Chairman of UMS and Founder of Tarek Nour Communications, as Chairman of the Jury Committee. The award aims to provide a national platform that supports creative youth and allows them to express their ideas and vision through different forms of creative content. The award includes a variety of categories that cover different forms of creative storytelling, including: (digital content “short video” – long content – photography – short film – screenwriting – monologue video award – cooking video – music – arts). In this context, Mr. Akef El Maghraby said: “Our sponsorship of the Al Rawi Award comes from our belief in the important role of youth as the main driver of the future. Suez Canal Bank is keen to support initiatives that give young people opportunities to express their creativity and ideas, which helps develop their skills and strengthen a culture of innovation in society. The bank also continues its efforts in corporate social responsibility by supporting educational and cultural initiatives and entrepreneurship, in line with the directives of the Central Bank of Egypt and Egypt Vision 2030 for sustainable development.” For her part, Lamia Kamel, Founder and CEO of CC Plus for Public Relations and Media Consultancy, Founder of the voice of Egypt Summit, and Co-Founder of Global Narrative, said: “We are proud to welcome Suez Canal Bank as a main partner of the second edition of the Al Rawi Award. We believe that investing in creativity is an investment in Egypt’s future. Through this award, we aim to create a sustainable national platform that supports young talents from different governorates.”  Akef El Maghraby CEO and Managing Director of Suez Canal Bank,Suez Canal Bank,Al Rawi Storyteller Awardhttps://www.bankygate.com/70903/African-Development-Bank-Private-Sector-Partnerships-Key-to-Sustainable-Humanitarian-Responsehttps://www.bankygate.com/70903/African-Development-Bank-Private-Sector-Partnerships-Key-to-Sustainable-Humanitarian-ResponseAfrican Development Bank: Private-Sector Partnerships Key to Sustainable Humanitarian ResponseMarie-Laure Akin-Olugbade, Senior Vice President of the African Development Bank Group, emphasized that engagiThu, 12 Mar 2026 10:00:25 +02002026-03-12T10:00:25+02:00Marie-Laure Akin-Olugbade, Senior Vice President of the African Development Bank Group, emphasized that engaging the private sector is essential to strengthening humanitarian responses and supporting sustainable economic recovery, noting that the Bank’s role is to complement humanitarian actors rather than replace them.Her remarks came during her participation in the Geneva International Cooperation Forum, where she joined a high-level panel titled “Private-Sector Partnerships in Humanitarian Contexts.” The forum was held on February 26–27, 2026, at the Geneva International Conference Centre in Switzerland, with the participation of private-sector representatives and international experts.Akin-Olugbade highlighted that crises are often accompanied by collapsing markets and lost jobs, stressing that the private sector plays a central role in Africa, where nearly 80% of the population works in the sector, making it a key partner in prevention, stabilization, and recovery efforts.Participants at the forum also underscored the importance of expanding humanitarian financing amid declining global resources, while ensuring that funding is responsible and does not fuel conflicts, and that cooperation with the private sector strengthens partnerships with governments rather than replacing them.Akin-Olugbade also outlined examples of the Bank’s interventions, including supporting more than 300 micro and small enterprises in Madagascar to access bank financing through the Transition Support Facility, as well as partnerships in Sudan and the Sahel region to stabilize agricultural value chains and support economic resilience in collaboration with humanitarian organizations.She noted that these initiatives aim to revive local economies, restore essential services, and reduce the risk of relapse into crisis, emphasizing that synergy between humanitarian actors, the private sector, and multilateral development banks is key to achieving a sustainable humanitarian response.African Development Bank,Geneva International Cooperationhttps://www.bankygate.com/70797/Collapse-of-UK-Lender-MFS-Shakes-Wall-Street-and-Raises-Fears-of-New-Credit-Riskshttps://www.bankygate.com/70797/Collapse-of-UK-Lender-MFS-Shakes-Wall-Street-and-Raises-Fears-of-New-Credit-RisksCollapse of UK Lender MFS Shakes Wall Street and Raises Fears of New Credit RisksWall Street was rattled on Friday after the collapse of UK mortgage lender Market Financial Solutions Ltd MFS,Mon, 09 Mar 2026 15:14:25 +02002026-03-09T15:14:25+02:00Wall Street was rattled on Friday after the collapse of UK mortgage lender Market Financial Solutions Ltd (MFS), sparking fresh concerns about potential vulnerabilities within the rapidly expanding private credit industry.The failure has revived fears that hidden weaknesses could surface across credit markets, particularly as private lending has grown significantly in recent years and attracted major banks and institutional investors.Market Reaction Hits Bank SharesThe turmoil surrounding MFS weighed heavily on financial stocks. Shares of Jefferies dropped nearly 10% in U.S. trading after already declining 3.5% the previous day, as reports about the bank’s exposure to MFS unsettled investors.Meanwhile, shares of Barclays fell 4.2%, significantly underperforming the broader FTSE 100, which gained 0.6%. Banco Santander also saw its shares drop nearly 5%.The broader banking sector was affected as well, with the S&P 500 Bank Index declining about 4% during Friday’s session.What Went Wrong at MFS?London-based Market Financial Solutions specialized in complex property-backed loans, including buy-to-let mortgages and bridging finance. According to its most recent filings, the company had net assets of £15.9 million and a loan book of approximately £2.4 billion at the end of 2024.However, the firm ran into serious financial difficulties and applied for administration — a form of insolvency protection in the UK.Court documents cited financial irregularities and mismanagement, including concerns that the company may have double pledged assets, a practice in which the same collateral is used to secure multiple loans.Administrators warned that this could result in a collateral shortfall of around £930 million, raising major concerns among creditors.Banks and Investors With ExposureSeveral major financial institutions were among the lenders to MFS, which had borrowed more than £2 billion in total.These include:<ul><li>Jefferies</li><li>Barclays</li><li>Banco Santander</li><li>Wells Fargo</li></ul>In addition, Atlas SP Partners, a credit platform backed by Apollo Global Management, disclosed roughly £400 million of exposure to MFS, representing about 1% of its balance sheet.The firm stated it had already placed two financing facilities in default after contractual breaches by MFS and is pursuing legal action to maximize recoveries.Renewed Scrutiny of the Private Credit BoomThe collapse has intensified scrutiny of the fast-growing private credit market, where specialized funds lend directly to companies outside traditional banking channels.In recent years, this sector has expanded rapidly as banks tightened lending standards following the global financial crisis.However, the failure of MFS follows earlier bankruptcies involving companies such as First Brands and Tricolor, events that already raised concerns about lending standards and risk management within the industry.Warning Signs for Credit MarketsSome market observers say the incident highlights broader vulnerabilities in credit markets.According to Joe Saluzzi, co-head of equity trading at Themis Trading, the growing number of credit issues appearing across the market is a worrying sign.Meanwhile, Jamie Dimon, chief executive of JPMorgan Chase, had previously warned that additional weaknesses could emerge within Wall Street’s multi-trillion-dollar credit ecosystem.OutlookWhile analysts note that individual bank exposures may remain manageable, the collapse of MFS underscores the risks tied to complex asset-backed lending structures and rapid growth in private credit markets.As regulators and investors assess the fallout, attention is increasingly focused on whether the incident represents an isolated failure — or an early warning sign of broader stress within global credit markets.Market Financial Solutions Ltd,Wall Street,UK Lender MFS,UK mortgagehttps://www.bankygate.com/70751/Suez-Canal-Bank-and-Lucky-Sign-a-Strategic-Partnership-Agreement-to-Enhance-Credit-Accessibility-and-Support-the-Growth-of-Digital-Financial-Services-in-Egypthttps://www.bankygate.com/70751/Suez-Canal-Bank-and-Lucky-Sign-a-Strategic-Partnership-Agreement-to-Enhance-Credit-Accessibility-and-Support-the-Growth-of-Digital-Financial-Services-in-EgyptSuez Canal Bank and “Lucky” Sign a Strategic Partnership Agreement to Enhance Credit Accessibility and Support the Growth of Digital Financial Services in EgyptAs part of efforts to strengthen financial innovation and advance a more integrated and efficient financial ecSun, 08 Mar 2026 16:16:10 +02002026-03-08T16:16:10+02:00As part of efforts to strengthen financial innovation and advance a more integrated and efficient financial ecosystem, Suez Canal Bank and “Lucky”, a leading financial technology company in Egypt and the Middle East, have signed a strategic partnership agreement aimed at enhancing credit accessibility and supporting the growth of digital financial services in the Egyptian market. Under the agreement, both parties will collaborate to develop and deliver innovative financial solutions, leveraging their combined expertise to expand access to digital financial services across Egypt. The partnership is built on the integration of both parties’ expertise. Lucky brings its advanced capabilities in analytics technologies, and digital customer reach, while Suez Canal Bank provides its robust banking infrastructure and strong regulatory and compliance expertise. This collaboration aims to deliver integrated and accessible financial solutions that meet the needs of diverse customer segments. The agreement was signed by Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, and Mr. Ayman Essawy, Co-Founder and CEO of Lucky. The signing ceremony was attended from the bank by Mr. Shehab Zidan, Deputy CEO and Managing Director, and Ms. Nagham Kandil, Head of Retail Banking at Suez Canal Bank, and from Lucky, Mr. Tarek Amr, Chief Financial Officer, and Mr. Islam Hafez, Chief Marketing Officer of Lucky. In this context, Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, stated that the cooperation with Lucky comes as an extension of the Bank’s strategy to empower fintech companies and enable the delivery of innovative and secure credit solutions that meet customers’ needs, while supporting the country’s efforts toward financial inclusion and digital transformation. For his part, Mr. Ayman El Essawy, Co-Founder and CEO of Lucky, said: “This partnership with Suez Canal Bank represents a strategic step in Lucky’s journey to expand its services and enhance the accessibility of digital financial solutions to a broader segment of customers in the Egyptian market.” In the same context, Mr. Shehab Zidan, Deputy CEO and Managing Director of Suez Canal Bank, explained that cooperation between the banking sector and fintech companies represents a key pillar in developing a more flexible business model capable of keeping pace with the rapid transformations in the market. Ms. Nagham Kandil, Head of Retail Banking at Suez Canal Bank, added that this collaboration contributes to expanding the range of digital products offered to customers by combining banking expertise with financial technology, enhancing customer experience, and diversifying available credit solutions.  financial technology,Suez Canal Bank,Luckyhttps://www.bankygate.com/70593/CIB-Foundation-Leads-Investment-in-Childrens-Health-Reaching-Over-8-Million-Beneficiaries-in-15-Yearshttps://www.bankygate.com/70593/CIB-Foundation-Leads-Investment-in-Childrens-Health-Reaching-Over-8-Million-Beneficiaries-in-15-YearsCIB Foundation Leads Investment in Children’s Health, Reaching Over 8 Million Beneficiaries in 15 YearsCIB Foundation: 15 Years of Investing in People Childrens Health at the Heart of Sustainable DevelopmenTue, 03 Mar 2026 12:32:40 +02002026-03-03T14:11:46+02:00For fifteen consecutive years, Commercial International Bank – Egypt (CIB) has not treated community engagement as a peripheral activity, but as a core pillar of sustainable development. Guided by the firm belief that true investment begins with people, the Foundation was built on the conviction that Egypt’s future cannot be secured without safeguarding children’s health and ensuring their right to a dignified life.Established on a philosophy of specialization, measurable impact, and long-term sustainability, CIB Foundation has placed Egyptian children at the heart of its strategy, translating vision into structured healthcare programs capable of driving systemic change.A Broad Impact Backed by Measurable Results (2010–2025)Over 15 years of structured institutional work, the Foundation has reached more than 8 million children across all governorates in Egypt through direct and indirect healthcare interventions.<ul><li>       178 completed healthcare projects</li><li>        41 projects currently underway</li><li>        Partnerships with 70 strategic entities</li><li>        Geographic coverage spanning 27 governorates</li><li>        Total allocations exceeding EGP 2.63 billion</li></ul>These figures reflect not only financial commitment, but a deliberate strategy focused on equitable healthcare access nationwide. Strategic Specialization for Sustainable Healthcare ImpactFrom inception, the Foundation adopted a focused specialization model, prioritizing high-impact medical areas to maximize sustainable outcomes. Key areas of intervention include:<ul><li>        Pediatrics and pediatric surgeries</li><li>        Pediatric cardiology and heart surgeries</li><li>        Oncology treatment</li><li>        Ophthalmology</li><li>        Intensive care and emergency services</li><li>        Support for children with disabilities</li></ul>This approach aligns with national healthcare priorities and international health recommendations. Targeted Healthcare Investment AllocationInvestments were strategically distributed to address pressing pediatric health challenges:<ul><li>       Pediatrics: EGP 475.9 million</li><li>        Surgeries: EGP 336 million</li><li>        Pediatric heart conditions: EGP 434.4 million</li><li>        Oncology: EGP 334.8 million</li><li>        Ophthalmology: EGP 187 million</li><li>        Intensive care: EGP 210.8 million</li><li>        Emergency care: EGP 16.7 million</li><li>        Children with disabilities: EGP 192.7 million</li><li>        Dentistry: EGP 105.6 million</li><li>        Liver diseases: EGP 35.1 million</li><li>        Radiology: EGP 29 million</li><li>        Other health interventions: EGP 273.4 million</li></ul>These allocations reflect a structured methodology aimed at maximizing healthcare outcomes. Measuring Health and Economic ImpactImpact assessment extended beyond beneficiary numbers to internationally recognized health metrics. The Foundation’s interventions contributed to saving approximately 143,974,871 Disability-Adjusted Life Years (DALYs) for children — averaging 18 healthy years per child.Furthermore, the Foundation achieved a Social Return on Investment (SROI) of EGP 23.56 for every EGP 1 spent, demonstrating substantial economic and social value generated through improved child health and reduced long-term healthcare burdens. From Funding to Impact: A Strong Partnership ModelCIB Foundation operates through a comprehensive partnership model involving government entities, leading medical institutions, and civil society organizations to ensure:<ul><li>      Efficient project implementation</li><li>        Maximized social return</li><li>        Expanded access in underserved regions</li></ul>This collaborative approach has translated financial resources into tangible, measurable results. A Lifecycle Strategy: From Birth to 18 YearsThe Foundation’s strategy supports children from birth through adolescence, covering all developmental stages.In 2020, it launched Egypt’s first collaborative national healthcare initiative of its kind, bringing together 4–5 institutions under a unified framework — a model that continues to deliver strong results. National Alignment and Government CollaborationThe Foundation strengthened cooperation with the Ministry of Health and Population, allocating EGP 72 million last year to provide non-invasive glucose monitoring devices for children with diabetes, significantly improving quality of life.It has also partnered with leading institutions such as:<ul><li>        Cairo University Hospitals (Kasr Al Ainy)</li><li>        Magdi Yacoub Foundation</li><li>       Al Nas Hospital</li></ul>These collaborations contributed to reducing pediatric cardiac surgery waiting lists across Egypt.Governance, Transparency, and SustainabilityThe Foundation adheres to the highest standards of governance, transparency, and accountability, ensuring optimal resource utilization and reinforcing stakeholder trust.Its sustainability is closely linked to CIB’s strong financial performance, as profit growth directly enhances community allocations — reinforcing the integrated relationship between financial success and social responsibility.Conclusion: A National Model for Responsible Social InvestmentAfter fifteen years of structured and measurable work, CIB Foundation stands as a leading national model for impact-driven social investment.Its journey proves that investing in children’s health is not philanthropy alone — it is a strategic commitment to Egypt’s long-term stability and prosperity.https://www.bankygate.com/70588/FABMISR-Achieves-Net-Profit-EGP-167-Billion-by-the-end-of-2025https://www.bankygate.com/70588/FABMISR-Achieves-Net-Profit-EGP-167-Billion-by-the-end-of-2025FABMISR Achieves Net Profit EGP 16.7 Billion by the end of 2025First Abu Dhabi Bank Misr FABMISR, one of the largest banks operating in Egypt, announced its financial resultTue, 03 Mar 2026 11:54:58 +02002026-03-03T11:54:58+02:00First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, announced its financial results for the fiscal year ending December 31, 2025, delivering resilient performance across its core business operations. Compared to the previous year, the bank recorded a 5% growth in net profit after neutralizing the FX impact. This reflects a successful execution of its strategy to generate sustainable value from core operations.According to the financial results, total assets increased by 17% to reach EGP 484 billion, while net loans and advances grew by 30% to EGP 184 billion, underscoring the bank’s pivotal role in supporting economic growth and providing financing to key sectors, in addition to endorsing large corporations, small and medium enterprises, and individuals.Customer confidence also remained strong, with customer deposits rising 29% to EGP 334 billion, highlighting the bank’s ability to attract and retain deposits in a competitive banking environment.Additionally, the bank generated net fee and commission income of EGP 3 billion, a 21% increase year-on-year, reflecting the success of its strategy to diversify revenue streams and enhance value-added services.FABMISR continues to play a pivotal role in supporting the Egyptian economy by financing strategic sectors and fostering long-term partnerships with corporates, SMEs, and retail customers. Through its comprehensive suite of banking solutions and strong regional backing, the bank remains well positioned to capture emerging opportunities and deliver sustainable value to all stakeholders. At the same time, FABMISR reinforces this commitment by fostering a culture of innovation and leveraging advanced banking technologies to provide a secure, seamless, and agile digital experience¬- strengthening customer trust and reaffirming its position as a reliable financial partner for the future.<div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/03/03/$Id$/18416fdf-9154-4547-b5e9-cfff5b708f3e_20260303115455.jpg"></div> FABMISR,First Abu Dhabi Bank Misrhttps://www.bankygate.com/70546/https://www.bankygate.com/70546/𝗖𝗕𝗞 𝗔𝘄𝗮𝗿𝗱 𝗳𝗼𝗿 𝘄𝗿𝗶𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗶𝗻 𝗷𝗼𝘂𝗿𝗻𝗮𝗹𝗶𝘀𝗺 𝗼𝗻 𝘁𝗵𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗰𝘁𝗼𝗿 𝟮𝟬𝟮𝟲The Central Bank of the Republic of Kosova CBK, with the aim of encouraging reporting on the financial system,Mon, 02 Mar 2026 12:28:42 +02002026-03-02T12:28:42+02:00The Central Bank of the Republic of Kosova (CBK), with the aim of encouraging reporting on the financial system, announces the call for the best writing and reporting on the financial sector, published in print or online media, as well as broadcast on radio and television.The award aims to recognize and reward the best journalism in the field of economics, with a special focus on the financial system. At a time when transparency and accurate information on financial issues are essential for citizens and businesses, this award will acknowledge and promote journalists who provide in-depth analysis, quality research, and balanced reporting on the financial system.The award is traditional and is presented every year on November 15 – the founding day of the Central Bank of the Republic of Kosova.The CBK Award for the best writing and reporting on the financial sector, includes the following categories:<ul><li> Best article published in a newspaper (online and PDF) ;</li><li>Best article published in online media/web portal);</li><li> Best report broadcast on television ; and</li><li> Best report broadcast on radio .</li></ul>Articles or reports must have been published or broadcast during the current year, specifically from January 1, 2026 to September 30, 2026.Articles should address topics related to the financial system, including banks, insurance, pensions, financial inclusion, financial innovation, and related areas.The application must be delivered electronically in MS Word or PDF format, with the link where the article/report was published attached, to the email address: media@bqk-kos.org, or in printed form to the address: Luan Haradinaj No. 2, 10000 Prishtina, Republic of Kosova. Please include the note “CBK Award for writing and reporting in journalism on the Financial Sector 2026.”The Central Bank of the Republic of Kosova,financial systemhttps://www.bankygate.com/70454/UAE-Central-Bank-and-Core42-to-develop-sovereign-financial-cloud-infrastructurehttps://www.bankygate.com/70454/UAE-Central-Bank-and-Core42-to-develop-sovereign-financial-cloud-infrastructureUAE Central Bank and Core42 to develop sovereign financial cloud infrastructureThis will ensure data sovereignty, boost operational agility and provide protection against cyber threats, whiThu, 26 Feb 2026 14:48:42 +02002026-02-26T14:48:42+02:00This will ensure data sovereignty, boost operational agility and provide protection against cyber threats, while enabling the continuous availability of financial services, it added. It will be powered by AI and will support financial institutions with automation and real‑time data analysis. The platform will also support the management of multi‑cloud services within a unified framework.It is part of the banking regulator's financial infrastructure transformation programme. This week, the central bank also issued new guidelines to licensed financial institutions on the responsible use of AI and machine learning to protect consumers and boost transparency and governance.The national sovereign financial cloud services infrastructure … provides a secure, scalable and future‑ready foundation that enhances data protection and accelerates innovation, enabling the CBUAE together with licensed financial institutions to deliver next‑generation digital services with confidence,” said Saif Al Dhaheri, assistant governor for banking operations and support services at the CBUAE.Core42 was set up by UAE AI company G42 in 2023 after merging three of its units – G42 Cloud, its research and development arm Inception and ICT unit Injazat – to focus on delivering AI solutions and services on a national scale.G42 is developing sovereign AI capabilities and cloud infrastructure globally. Last month, it also unveiled a new operating model that will allow states to deploy sovereign AI securely. The framework ensures that national laws govern data and systems, even when infrastructure is hosted or operated beyond a country’s physical borders.“Finance runs on digital infrastructure; hence it must be sovereign,” said Talal Al Kaissi, chief executive (interim) of Core42."The sovereign financial cloud services infrastructure embeds governance and real-time oversight directly into the financial backbone of the country.”It will offer "regulatory clarity” and "allows regulated institutions to scale advanced sovereign cloud and AI capabilities without compromising national control”, he added.UAE,UAE Central Bankhttps://www.bankygate.com/70418/QNB-Group-Earns-Five-Honours-at-the-2026-Sustainable-Finance-Awardshttps://www.bankygate.com/70418/QNB-Group-Earns-Five-Honours-at-the-2026-Sustainable-Finance-AwardsQNB Group Earns Five Honours at the 2026 Sustainable Finance AwardsWed, 25 Feb 2026 21:23:44 +02002026-02-25T21:23:44+02:00QNB Group, a leading financial institution in the Middle East and Africa, emerged as the most highly decorated regional bank at the annual Global Finance Sustainable Finance Awards. The bank secured five awards in total, including Overall Best Bank for Sustainable Finance in the Middle East, reinforcing its leadership in advancing responsible banking and sustainable growth across the region. QNB continues to play a central role in mobilising capital toward a more resilient, inclusive and low-carbon economy, aligned with Qatar National Vision 2030 and the QNB Group 2030 Strategy. In addition to the top regional award, the Group was recognised as the Best Bank for Sustainability Bonds in the Middle East, Best Bank for Green Bonds in the Middle East, Best Bank for Social Bonds in the Middle East, as well as Best Bank for Sustainable Finance in Qatar — reflecting the scale and strength of its sustainable finance platform. The awards recognise QNB Group’s commitment to embedding sustainable finance at the core of its ESG strategy and supporting clients in managing climate and sustainability risks.  By integrating environmental and social considerations across its financing activities, the Group enables clients to accelerate climate action and deliver measurable, long-term impact. Commenting on the achievement, QNB Group’s Head of Sustainability, Leo Chi Wai Tong, said:“These awards reaffirm QNB’s commitment to advancing sustainable finance across our international network and supporting our clients in their climate transition and sustainability journeys. By embedding ESG into our strategy and product offering, we are mobilising capital at scale to drive sustainable growth and positive impact across the markets we serve.” QNB’s sustainable finance portfolio has surpassed USD 11.4 billion in 2025, up from 9.6 billion in 2024 (an increase of 18%), demonstrating strong and consistent year-on-year growth. This expansion is supported by 39 dedicated sustainable products and services, enabled by its market-leading Sustainable Finance and Product Framework.  In 2025, the Group further strengthened its leadership in sustainable capital markets through the issuance of a EUR 750 million green bond, the largest Euro-denominated green bond ever issued from a Middle East bank at the time of issuance, attracting green and diversified international investor participation. The 2026 Global Finance awards underscore QNB Group’s continued momentum in scaling sustainable finance and delivering profit with purpose, reinforcing its position as a trusted financial partner driving long-term prosperity across the Middle East, Africa and beyond.مجموعة QNB,Awards,Sustainable Finance Awards,QNB Grouphttps://www.bankygate.com/70387/Banky-Wins-Two-Awards-from-Brands-Review-Magazine-2026https://www.bankygate.com/70387/Banky-Wins-Two-Awards-from-Brands-Review-Magazine-2026Banky Wins Two Awards from Brands Review Magazine 2026Banky has won two prestigious awards at the Brands Review Magazine Awards 2026, reinforcing its position as onWed, 25 Feb 2026 10:40:07 +02002026-02-25T10:40:07+02:00Banky has won two prestigious awards at the Brands Review Magazine Awards 2026, reinforcing its position as one of the leading digital platforms specialized in comparing banking products and services in the Egyptian market, as well as its active role in promoting financial awareness and simplifying banking information for customers.The awards received by Banky include:<ul dir="ltr"><li>Best Banking Services Comparison Site in Egypt 2026</li><li>Best Banking Product Finder & Advisory Platform in Egypt 2026</li></ul>This recognition reflects Banky’s success in delivering an integrated digital experience that enables customers to compare banking products with ease and transparency, while providing specialized banking content that helps individuals make well-informed financial decisions, in line with Egypt’s digital transformation and financial inclusion objectives.Mohamed Salah, Founder and Editor-in-Chief of Banky, stated that receiving these two awards represents international recognition of Banky’s journey and its continuous efforts to deliver professional banking content and accurate comparison services that meet the needs of customers in the Egyptian market.He added that this achievement reflects the ongoing efforts of the Banky team to develop a comprehensive digital platform that combines banking comparison tools, financial awareness content, and analytical insights, helping customers access the best banking products with clarity and convenience.He further emphasized that Banky will continue to enhance its digital services and tools in the coming period, keeping pace with the rapid development of the Egyptian banking sector, while improving user experience and strengthening financial awareness among customers.Banky is the leading digital platform specialized in the banking sector in Egypt, providing comprehensive comparison services for a wide range of banking products, including accounts, loans, credit cards, and certificates of deposit. The platform also delivers specialized news coverage and analytical insights on banks and the banking sector, aiming to promote financial literacy and simplify banking concepts to help customers make better financial decisions.Review Magazine Awards,Bankyhttps://www.bankygate.com/70385/Emirates-NBD-Egypt-Brings-Apple-Pay-to-Customershttps://www.bankygate.com/70385/Emirates-NBD-Egypt-Brings-Apple-Pay-to-CustomersEmirates NBD Egypt Brings Apple Pay to CustomersEmirates NBD Egypt a leading financial services brand in the MENAT region, today brings its customers Apple PaWed, 25 Feb 2026 10:28:54 +02002026-02-25T10:28:54+02:00<ul dir="ltr"><li>A safer, more secure and private way to pay with iPhone and Apple Watch</li></ul>Emirates NBD – Egypt a leading financial services brand in the MENAT region, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction. Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places. Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information.  Apple Pay makes it easier to pay for food and grocery deliveries, online shopping, transportation, and parking, among other things   Apple Pay can also be used to make payments in apps on Apple Watch. Security and privacy are at the core of Apple Pay.  When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. Apple Pay is easy to set up.  On iPhone, simply open the Wallet app, tap +, and follow the steps to add Emirates NBD credit or debit cards. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away.  Customers will continue to receive all of the rewards and benefits offered by Emirates NBD’s cards.  Apple Pay launch service comes with 50% cash back for all Emirates NBD cards holders and in line with Egypt’s accelerated efforts towards expanding the scope of digital payment solutions, confirming the transformation of the financial environment towards a more flexible and secure digital economy that enhances consumer confidence in electronic payments. This launch also reflects the vision of Emirates NBD - Egypt to keep pace with the latest global standards in digital banking services and its support for Egypt's Vision 2030 in transforming into an integrated digital economy that provides innovative and secure services for all segments of society."For more information on Apple Pay, visit: http://www.apple.com/apple-pay/   For more information on Apple Pay with Emirates NBD Egypt, please visit: https://www.emiratesnbd.com.eg/en/personal-banking/cards/apple-payApple Pay,Emirates NBD – Egypt,NBDhttps://www.bankygate.com/70259/QNB-Group-Appoints-Achraf-Hakimi-as-Global-Brand-Ambassadorhttps://www.bankygate.com/70259/QNB-Group-Appoints-Achraf-Hakimi-as-Global-Brand-AmbassadorQNB Group Appoints Achraf Hakimi as Global Brand AmbassadorSun, 22 Feb 2026 11:15:12 +02002026-02-22T11:15:12+02:00QNB Group has announced international football star Achraf Hakimi as its new Global Brand Ambassador, marking the start of the partnership with the release of its Ramadan “No matter how big we grow, those who matter most to us remain bigger” TV commercial.The appointment of Hakimi as QNB Group’s new Global Brand Ambassador marks a partnership between a leading bank in the Middle East and Africa with a strong global footprint and a globally recognised athlete, united by excellence, resilience, and cross-border progress. The collaboration reinforces QNB Group’s role as a trusted long-term financial partner, empowering individuals, families, and businesses to create meaningful value and achieve their financial goals at every stage of life.Born in Getafe, Spain, Hakimi rose to prominence at Real Madrid, where he made his professional breakthrough before building an impressive career across Europe’s top leagues. He has since represented leading clubs including Borussia Dortmund, Inter Milan, and Paris Saint-Germain, while playing a key role for the Moroccan national team.His journey from humble beginnings to global success mirrors QNB Group’s evolution from a national financial institution into a leading banking group across the Middle East and Africa, with a growing international presence driven by consistent support, innovation, and a commitment to empowering progress.First Activation: Ramadan TV CommercialThe newly released Ramadan TV commercial tells a heartfelt story of Hakimi’s personal football journey and shows his strong bond with his mother, his biggest supporter, who is always by his side. This is depicted within the spirit of the holy month, reinforcing the bank’s position as a trusted financial partner whose success is built on its customers, underscoring the depth of the relationship that spans generations. These values reflect the bank’s commitment to always being a source of inspiration and support for its customers through its innovative products and services.https://www.bankygate.com/70224/ECB-fines-JPMorgans-European-arm-122-million-euros-for-misreporting-capital-requirementshttps://www.bankygate.com/70224/ECB-fines-JPMorgans-European-arm-122-million-euros-for-misreporting-capital-requirementsECB fines JPMorgan's European arm 12.2 million euros for misreporting capital requirementsFri, 20 Feb 2026 16:25:18 +02002026-02-20T16:25:18+02:00FRANKFURT, Feb 19 (Reuters) – The European Central Bank fined JPMorgan's European arm 12.18 million euros ($14.32 million) for misreporting capital requirements after it wrongly calculated risk-weighted assets, the ECB said in a statement on Thursday. <div>"Between 2019 and 2024, the bank reported lower risk-weighted assets than it should have done," the ECB said. "This occurred because, for 15 consecutive quarters, the bank misclassified corporate exposures and applied a lower risk-weight for credit risk to them than what banking rules prescribe."</div> <div>The bank also unduly excluded certain transactions when calculating risk-weighted assets, the ECB added in a decision that may be challenged at the Court of Justice of the European Union.</div><div>JPMorgan said it acknowledged the fine and has remedied the issue.</div><div>"J.P. Morgan SE proactively identified and self-reported the issues, which have now been fully remediated," a spokesperson said in a statement.</div><div>"JPMSE has consistently maintained strong capital buffers, and our robust, prudent approach to capitalization remains unchanged."</div>ECB fines JPMorgan's,misreporting capital requirements,European armhttps://www.bankygate.com/70149/1-Million-Non-Financial-and-Advisory-Services-Delivered-by-Business-Development-Service-Hubs-Under-the-Auspices-of-the-Central-Bank-of-Egypthttps://www.bankygate.com/70149/1-Million-Non-Financial-and-Advisory-Services-Delivered-by-Business-Development-Service-Hubs-Under-the-Auspices-of-the-Central-Bank-of-Egypt1 Million Non-Financial and Advisory Services Delivered by Business Development Service Hubs Under the Auspices of the Central Bank of EgyptOver 500,000 projects and clients leveraged on the provided services, including 210,000 women and female entreWed, 18 Feb 2026 11:42:01 +02002026-02-18T11:42:01+02:00 <ul><li>Over 500,000 projects and clients leveraged on the provided services, including 210,000 women and female entrepreneurs, through 132 Business Development Service (BDS) Hubs across 25 governorates.</li><li>EGP 19 billion of financing facilitated by the BDS Hubs to support over 14,000 projects.</li><li>Offered services include assisting in selection of viable business ideas, preparing feasibility studies, promoting financial literacy, availing business training, and preparing credit files.</li></ul> The BDS Hubs, operating under the Central Bank of Egypt’s (CBE) "NilePreneurs" initiative, have successfully offered over 1.16 million non-financial and advisory services. These services benefited approximately 502,000 youth, entrepreneurs, startups, and Micro, Small, and Medium-sized Enterprises (MSMEs) – out of which 210,000 are women – in addition to facilitating access to finance worth a total of EGP 19 billion for more than 14,000 projects, with the participation of 18 banks. This is delivered through a package of advisory services aimed at supporting entrepreneurs to secure suitable funding and enhance their businesses’ capacity for growth and competitiveness.Between the years 2020 and 2025, BDS Hubs witnessed substantial growth in services delivered and beneficiaries served, achieving an average annual growth rate of 135% in the number of offered services and 125% in served clients. This progress is accomplished by the BDS Hubs’ wide geographic reach, which comprises 132 Hubs across 25 governorates.This milestone reflects the CBE’s ongoing commitment to supporting entrepreneurs as well as MSMEs. The initiative encourages the banking sector to expand the offering of non-financial and advisory services, while promoting the inclusion of informal sector projects into the formal economy. These efforts align with achieving the Sustainable Development Goals (SDGs) in light of Egypt’s Vision 2030, focusing on economic empowerment for all segments of society.The BDS Hubs offer a full range of free-of-charge non-financial and advisory services, starting with the selection of viable project ideas, assistance with company establishment, facilitation of registration processes, obtaining necessary licenses, and conducting economic feasibility studies, financial analysis and evaluations. Additionally, they provide the required information for accessing finance and preparing credit files, as well as matchmaking entrepreneurs with suppliers, unlocking new market opportunities, and delivering capacity-building trainings to enhance efficiency.Youth, entrepreneurs, and MSMEs can access these free services by visiting BDS Hubs established within banks’ branches, youth centers, and universities across most governorates. For Hubs’ locations, please visit the official website: https://np.eg/bds-hubs/. https://www.bankygate.com/70058/Inauguration-of-the-Sustainable-Finance-Conference-Hosted-by-the-Central-Bank-of-Egypt-and-the-International-Finance-Corporationhttps://www.bankygate.com/70058/Inauguration-of-the-Sustainable-Finance-Conference-Hosted-by-the-Central-Bank-of-Egypt-and-the-International-Finance-CorporationInauguration of the Sustainable Finance Conference Hosted by the Central Bank of Egypt and the International Finance CorporationIn line with the efforts to support the development of green finance policies and enhance markets capacity buiMon, 16 Feb 2026 10:13:53 +02002026-02-16T10:13:53+02:00In line with the efforts to support the development of green finance policies and enhance markets’ capacity building, the Central Bank of Egypt (CBE), in partnership with the International Finance Corporation (IFC), hosted sustainable finance conference on Sunday, February 15, 2026, under the theme “Innovating for Resilience: Financing for a Sustainable Future”. The event encompassed keynote opening remarks delivered by Mr. Hassan Abdalla, Governor of the Central Bank of Egypt, Mr. Ethiopis Tafara, IFC’s Regional Vice President for Africa, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, and Mr. Jürgen Schulz, Ambassador of the Federal Republic of Germany to Egypt. The opening ceremony was also attended by Dr. Ahmed Rostom, Minister of Planning and Economic Development, and Dr. Samar Abdel Wahed, Deputy Minister of Foreign Affairs, International Cooperation, and Egyptian Expatriates for International Cooperation. In his speech, H.E. Mr. Hassan Abdalla, Governor of the CBE, affirmed that “Climate change is no longer an environmental issue, but has evolved into a financial one. Within this framework, the CBE is playing a pivotal role in catalyzing the banking sector’s transition towards a more sustainable future through issuing the Sustainable Finance Guiding Principles in 2021, the Sustainable Finance Binding Regulations in 2022 and the Carbon Border Adjustment Mechanism (CBAM) directive in 2025. Our participation in this forum aims to promote financial and banking stability efforts, and strengthen the long-term competitiveness of Egypt’s economy.” “For fifty years, IFC has worked with Egypt to turn economic challenges into opportunities by supporting a dynamic and competitive private sector to deliver lasting development impact in Egypt,” said Ethiopis Tafara, IFC Vice President for Africa. “Through our investment and advisory engagements, we are supporting the advancement of national priorities - from sustainable energy to MSMEs development - for a more competitive and inclusive Egyptian economy". This event brought together senior policymakers, representative of local and international financial institutions, and private sector leaders. In their remarks, speakers reaffirmed that Egypt and the international community are committed to advancing the sustainable finance agenda, strengthening climate resilience, and accelerating the transition toward a low-carbon economy. The conference serves as a platform for dialogue and collaboration on innovative approaches to climate financing. This was reflected in the panel discussions that covered several key topics, including; mobilization of private capital for climate action, innovative financing instruments for green projects, enablement of regulatory frameworks and policy enablers, and building resilient financial systems. Additionally, the dialogues highlighted the economic opportunities stemming from the climate transition, such as job creation, the development of new markets, and growth in sectors, as the agricultural technology (Agri-tech). Moreover, they underscored the importance of innovation, effective policy design, and cross-sector collaboration in scaling climate finance and promoting sustainable development across regions. During the conference, participants reaffirmed the importance of strengthening climate-aligned financial systems, enhancing resilience, and supporting sustainable growth in Egypt and across Africa. They also highlighted the need for continued collaboration among policymakers, financial institutions, and development partners to scale up climate finance and strengthen the capacity of financial systems to address climate-related challenges. On the sidelines of the conference, the CBE’s Governor and IFC’s Regional Vice President for Africa witnessed the signing of a cooperation protocol between the IFC and Banque Misr. The protocol forms part of a broader IFC Board-approved investment envelope of up to USD 220 million, including a USD 150 million three-year investment in the form of senior sustainability loan, accompanied by technical assistance. This support will guide the allocation of investment proceeds to eligible climate-related assets and ensure portfolio monitoring and reporting in line with the IFC’s climate eligibility criteria, thereby supporting the growth of Banque Misr’s green portfolio.  Furthermore, they witnessed the signing of another cooperation protocol between the IFC and Export Development Bank of Egypt (EBank) to launch an advisory program aimed at developing a robust data governance, and accurately tracking the impact of green financing transactions. This program will enable EBank to identify, classify, and report on sustainable finance, enhance its strategic exposure to climate-positive projects, supporting the State’s transition to a green economy. The conference was organized as part of the IFC’s 30by30 Program, which comprises 4 countries; Egypt, Mexico, South Africa, and Philippines. The Program is led by the IFC and the World Bank Group, with the aim of supporting the transition towards an inclusive and sustainable economy.   International Finance Corporation,Central Bank of Egypt,IFC,Sustainable Finance Conference,CBEhttps://www.bankygate.com/69899/CIB-Elevates-its-Learning-Ecosystem-and-Future-Ready-Talent-through-Udemy-Business-Partnershiphttps://www.bankygate.com/69899/CIB-Elevates-its-Learning-Ecosystem-and-Future-Ready-Talent-through-Udemy-Business-PartnershipCIB Elevates its Learning Ecosystem and Future-Ready Talent through Udemy Business PartnershipCIBs integration of Udemy Business has transformed its learning ecosystem, giving employees flexible access toWed, 11 Feb 2026 14:20:45 +02002026-02-11T14:20:45+02:00CIB’s integration of Udemy Business has transformed its learning ecosystem, giving employees flexible access to more than 400 courses through 1,000 licenses and achieving a 98.5% adoption rate.The platform has expanded specialized learning, supported diverse development needs, and enabled self‑paced upskilling with minimal operational disruption.The partnership also strengthened CIB’s internship program, reaching over 12,000 students across the region. Overall, Udemy Business has reinforced CIB’s commitment to continuous learning, innovation, and future‑ready talent development.البنك التجاري الدولي-CIBhttps://www.bankygate.com/69880/Emirates-NBD--Egypt-records-profit-before-tax-of-EGP-9-billion-for-FY2025-with-strong-growth-in-key-performance-indicatorshttps://www.bankygate.com/69880/Emirates-NBD--Egypt-records-profit-before-tax-of-EGP-9-billion-for-FY2025-with-strong-growth-in-key-performance-indicatorsEmirates NBD – Egypt records profit before tax of EGP 9 billion for FY2025, with strong growth in key performance indicatorsEmirates NBD Egypt, one of the leading banks in the Egyptian banking sector, has reported strong financial rWed, 11 Feb 2026 10:25:27 +02002026-02-11T10:25:27+02:00Emirates NBD – Egypt, one of the leading banks in the Egyptian banking sector, has reported strong financial results reflecting the success of its strategy focused on digital leadership, innovation, and providing integrated banking and investment solutions that meet evolving customer needs, while reinforcing its position as a trusted financial partner supporting growth and safeguarding wealth. The bank recorded a Net Profit of EGP 6.1 billion by the end of December 2025, compared to EGP 5.3 billion at the end of December 2024, achieving a year-on-year growth rate of 15%. Total Revenues reached EGP 15.3 billion, up from EGP 13.6 billion in December 2024, representing a 12.5% annual growth. On the balance sheet front, total assets reached EGP 208 billion at the end of December 2025 from EGP 159 billion at the end of December 2024, reflecting a growth rate of 31%. Shareholders’ equity increased to EGP 23 billion, up from EGP 17.4 billion in December 2024, achieving a 32% annual growth rate. The Return on Average Equity (ROAE) stood at 33%, while the Return on Average Assets (ROAA) reached 3.6%, and the Cost to Income Ratio was 30%. On the lending side, total customer loans amounted to EGP 96 billion, up from EGP 84.1 billion at the end of December 2024, reflecting 14% growth rate. Corporate loans reached EGP 74 billion, up from EGP 67.2 billion in 2024, reflecting a 10% increase, while retail loans rose to EGP 22 billion from EGP 16.9 billion, marking a 29% growth compared to December 2024. In terms of deposits, Total Deposits increased to EGP 170 billion at the end of December 2025 from EGP 128.2 billion at the end of December 2024, achieving a 33% growth. Corporate Deposits stood at EGP 100 billion, compared to EGP 82.1 billion in 2024, reflecting 22% year-on-year growth. Retail deposits reached EGP 70 billion versus EGP 46.1 billion last year, marking a 51% year-on-year increase, strengthening the bank’s funding base and diversifying its deposit portfolio. Commenting on the results, Amr ElShafie, CEO & Managing Director of Emirates NBD – Egypt, said: "The financial results for 2025 reflect the success of the comprehensive strategy we launched in 2023, aimed at strengthening our financial position, improving operational efficiency, and expanding our customer base. These efforts translated into exceptional growth in key performance indicators, with net profit reaching EGP 6.1 billion, more than five times the baseline year, driven by a significant improvement in asset quality and a diversified loan portfolio." He added: "At Emirates NBD – Egypt, we continue to uphold the highest standards of corporate governance and risk management, while maintaining efficiency in capital and liquidity management. We remain committed to adopting best international banking practices and investing in the development of human capital." It is worth noting that Emirates NBD – Egypt, a leading financial institution under the Emirates NBD Group, began operations in the Egyptian market in June 2013. The bank offers a comprehensive range of banking services to individuals and corporates through a network of 64 branches nationwide, with a strategic focus on digital solutions and advanced banking experiences.profit before tax,Emirates NBDhttps://www.bankygate.com/69868/Visa-Releases-Third-Edition-of-Where-Cash-Hides-Research-Across-the-GCChttps://www.bankygate.com/69868/Visa-Releases-Third-Edition-of-Where-Cash-Hides-Research-Across-the-GCCVisa Releases Third Edition of Where Cash Hides Research Across the GCC Visa has released the third edition of its Cash Hides research, offering one of the regions most comprehensiveTue, 10 Feb 2026 16:52:39 +02002026-02-10T16:52:39+02:00Visa has released the third edition of its Where Cash Hides research, offering one of the region’s most comprehensive views into how consumers across the GCC are shifting from cash to digital payments. It identifies opportunities for building a more connected, cash-lite future across the GCC, and forms part of Visa’s broader commitment to cash displacement, ecosystem innovation, and financial inclusion.Based on a survey of 1,200 individuals across the GCC conducted in late 2025, the study highlights a clear and accelerating transition toward faster, safer, and more convenient digital payment experiences. Across markets, the findings confirm rising confidence in digital payments and a broad decline in cash usage — even in traditionally cash-heavy categories such as peer-to-peer transfers, tips, local markets, and public transport.All countries show strong momentum toward card and mobile payments, with many consumers now identifying digital options as their preferred everyday method of payment. For instance, research shows 64% of Omani consumers and 67% of Saudi consumers are now largely non-cash users, while the UAE reports an expanding base of digital adopters with only 16% of consumers still using cash for everyday purchases.To learn more, individual market releases for all six GCC countries, along with a short regional video summarizing the study’s overarching trends, are included below. These insights show where cash remains entrenched, why consumers choose it, and where the greatest opportunities lie for accelerating the region’s shift toward secure, digital-first commerce.Visahttps://www.bankygate.com/69865/Trust-in-Payments-Shifts-from-Networks-to-Digital-Wallets-as-Pay-by-Bank-Redefines-the-Payments-Landscapehttps://www.bankygate.com/69865/Trust-in-Payments-Shifts-from-Networks-to-Digital-Wallets-as-Pay-by-Bank-Redefines-the-Payments-LandscapeTrust in Payments Shifts from Networks to Digital Wallets as “Pay by Bank” Redefines the Payments LandscapeThe concept of trust in payments is undergoing a fundamental transformation as digital transactions continue tTue, 10 Feb 2026 16:43:52 +02002026-02-10T16:43:52+02:00The concept of trust in payments is undergoing a fundamental transformation as digital transactions continue to gain momentum and non-card-based payment solutions become more prevalent. While trust was historically anchored in the logos of global card networks printed on physical payment cards, it is now increasingly centered around digital banking experiences, authentication flows, and the clarity of consumer recourse when issues arise.A recent report by PYMNTS Intelligence in collaboration with Trustly, titled “Pay by Bank Deep Dive: Digital Bank Users Are Ready to Switch,” highlights that digital banks—rather than traditional card networks—are emerging as the unexpected main players reshaping the future of payments.Digital Banks Gain GroundAccording to the report, digital banks now account for 13.8% of primary banking relationships in the United States, a share comparable to local banks and approaching that of regional institutions. The research also shows that digital bank users tend to be younger, lower-income, and disproportionately millennial.More significantly, these users were found to be two to three times more likely than the general population to prefer digital wallets across nearly all spending categories, including bills and subscriptions—indicating a clear shift in payment behavior.Trust Moves to the WalletWith the rise of digital wallets, consumers no longer interact directly with payment rails. Instead, the wallet has become the primary interface for identity verification, payment authorization, and value exchange. As a result, the funding source—whether a credit card, debit card, or bank account—has become secondary in the overall user experience.“Pay by Bank” Disrupts the Traditional Card ModelThe report suggests that the growing adoption of Pay by Bank solutions could weaken the traditional role of card networks, as wallet providers and bank-based payment systems position themselves as orchestrators of the payment moment itself.Findings indicate that digital bank users would shift up to 35% of their transactions to Pay by Bank if offered immediate discounts and buyer protection—particularly in account-to-account transfers and bill payments, where cards provide the least differentiation and impose higher costs on merchants.Structurally, Pay by Bank unbundles functions that were historically integrated into card networks:     •    Authentication is handled directly by the bank,     •    Authorization is explicit and instantaneous,     •    Rewards and protections become modular features rather than built-in elements.Why Digital Banks Are Embracing This ShiftNeobanks and digital-first institutions have long faced economic challenges with card-based models. While interchange fees provide revenue, margins remain thin amid intense competition and increasing regulatory constraints.However, digital banks benefit from stronger app engagement and more frequent customer touchpoints, giving them an advantage in introducing innovative payment flows. Their users are already comfortable with tokenized, non-card-based payments and regularly authorize transactions without sharing card details.Although only 12% of consumers currently view Pay by Bank as a substitute for debit cards, PYMNTS data consistently shows that consumers across all bank types respond to the same incentives: immediate financial benefits and buyer protection are the primary drivers of payment choice, while security concerns—though present—are largely assumed rather than decisive.The Bigger PictureAs digital wallets and bank-based payment solutions continue to expand, the center of trust in the payments ecosystem appears to be shifting from traditional card networks to digital platforms and smart banking experiences—a transition that could reshape the global payments landscape in the years ahead.https://www.bankygate.com/69844/European-banking-chief-warns-Europe-urgently-needs-alternatives-to-Visa-and-Mastercardhttps://www.bankygate.com/69844/European-banking-chief-warns-Europe-urgently-needs-alternatives-to-Visa-and-MastercardEuropean banking chief warns: Europe urgently needs alternatives to Visa and MastercardA senior European banking official has called for the rapid development of homegrown payment systems, warning Tue, 10 Feb 2026 12:19:14 +02002026-02-10T12:19:14+02:00A senior European banking official has called for the rapid development of homegrown payment systems, warning that Europe remains overly dependent on US-based card networks such as Visa and Mastercard.Martina Weimert, Chief Executive of the European Payments Initiative (EPI) — a consortium of 16 European banks and financial services companies — said that US payment processing firms currently account for around two-thirds of card transactions in the eurozone, highlighting a significant reliance on international payment solutions.Weimert noted that while several European countries have their own domestic card schemes, these systems are largely fragmented and lack cross-border interoperability, making them less competitive compared to global networks.According to data from the European Central Bank, Visa and Mastercard together represented nearly two-thirds of all card transactions in the eurozone in 2022, while 13 member states are now working toward establishing a common European alternative.She emphasized that achieving greater payment independence is becoming increasingly critical, particularly as cash usage continues to decline. European officials are also growing more concerned that the dominance of US payment companies could be leveraged as a geopolitical tool if transatlantic relations were to deteriorate.The warning comes amid broader discussions within the European Union on strengthening financial and digital sovereignty and reducing reliance on foreign-controlled financial infrastructure.Visa,Mastercardhttps://www.bankygate.com/69796/QNB-Group-CEO-Private-Banking-Launch-at-QNB-Egypt-Redefines-Regional-Excellencehttps://www.bankygate.com/69796/QNB-Group-CEO-Private-Banking-Launch-at-QNB-Egypt-Redefines-Regional-ExcellenceQNB Group CEO: Private Banking Launch at QNB Egypt Redefines Regional ExcellenceIn a move to reinforce its commitment to delivering differentiated, client-centric banking solutions, QNB GrouMon, 09 Feb 2026 13:49:57 +02002026-02-09T13:49:57+02:00In a move to reinforce its commitment to delivering differentiated, client-centric banking solutions, QNB Group celebrated the launch of Private Banking services at QNB Egypt. The new offering delivers a fully integrated banking experience tailored to an elite segment of high-net-worth clients, starting with a highly qualified relationship management team dedicated to meeting clients’ diverse needs. The experience is further strengthened by QNB Group’s extensive regional and global presence, spanning approximately 28 countries worldwide. Through Private Banking services, clients benefit from the highest levels of privacy and service diversity, with access to a wide range of tailored financial solutions aligned with each client’s individual preferences. The offerings also include comprehensive financial, analytical, and market advisory services, in addition to enabling clients to enjoy a global shopping experience at leading local and international retailers through an exclusive network of partnerships with renowned brands.  The premium banking experience offered to Private Banking clients also provides access to dedicated, round-the-clock support from the Bank’s team through an exclusive hotline, ensuring prompt responses to all inquiries and requirements within minutes and seamless service delivery, while optmising clients valuable time and effort. Commenting on the launch, Mr. Abdulla Mubarak Al Khalifa, Group Chief Executive Officer of QNB, said:  “The launch of Private Banking services embodies the Group’s vision of redefining premium banking across our markets. We are not merely offering a conventional banking service; rather, we are building an integrated ecosystem specifically designed to serve clients seeking a refined experience that goes beyond traditional financial services.” He added: “QNB Group’s strength lies in combining deep banking expertise with continuous innovation. Through our global network and advanced capabilities in wealth management, advisory, and investment solutions, we enable our clients to manage their financial affairs seamlessly across borders. Looking ahead, we remain committed to expanding our digital capabilities and global partnerships to deliver the highest standards of convenience, exclusivity, and trust.” For his part, Mr. Mohamed Bedeir, Chief Executive Officer of QNB Egypt, emphasised that Private Banking services represent a qualitative leap in the Egyptian banking market. He noted that they are not merely a new addition to the Bank’s suite of offerings, but rather a strategic step aimed at strengthening QNB Egypt’s position as the preferred destination for an elite segment of high-net-worth clients seeking a banking experience defined by integrated luxury and absolute trust. Mr. Bedeir further explained that the Private Banking offering at QNB Egypt goes beyond conventional services to provide comprehensive support in wealth management, long-term financial planning, smart investment solutions, and highly specialised advisory services delivered by a select group of internationally certified banking experts.  He added: “Private Banking at QNB Egypt is built on focus and execution. By combining specialised expertise, dedicated service models, and advanced digital capability, we deliver a banking relationship defined by confidence, control, and long-term value.”QNB,QNB Grouphttps://www.bankygate.com/69749/QNB-Group-holds-its-annual-Strategy-Conference-in-Cairohttps://www.bankygate.com/69749/QNB-Group-holds-its-annual-Strategy-Conference-in-CairoQNB Group holds its annual Strategy Conference in CairoQNB Group convened its annual Strategy Conference, this year in Cairo, the capital of the Arab Republic of EgySun, 08 Feb 2026 13:35:14 +02002026-02-08T13:35:14+02:00QNB Group convened its annual Strategy Conference, this year in Cairo, the capital of the Arab Republic of Egypt. The conference is a platform that brings together the Group’s senior leadership across its international network to align on the Bank’s vision, strategic priorities, performance, group-wide synergies as well as future objectives.The event was attended by more than 100 senior leaders. This year, the theme of the conference was “Capitalising on our core”, reaffirming the Group’s strategic emphasis on its strong wholesale banking foundation and extensive international footprint which are key differentiators from banking competitors in the Middle East and Africa region.Discussions focused on strengthening these core capabilities while identifying new opportunities to drive sustainable value creation and high quality earnings growth. The theme was especially relevant as QNB Group recently renewed its five year strategy through to 2030. As part of its strategy, the Group aims to cement its position as one of the leading banks in the Middle East and Africa while increasing the contribution of its international network. The Group is focused on capturing a larger share of cross border trade and investment flows by strengthening its presence in key global markets and operating as an international wholesale bank.By connecting clients across the Middle East, Africa, Asia, and Europe, QNB continues to support global business ambitions and reinforce its role as a trusted international financial partner.In 2025, QNB Group witnessed another year of robust financial performance and growth. QNB achieved a net profit before Pillar Two Taxes of QR18.4 billion, up 10% from the previous year, and an increase of 7% in its assets to QR1,391 billion.QNB Grouphttps://www.bankygate.com/69665/CIB-Supports-Elsewedy-Electrics-European-Expansion-Through-58-Million-Hungary-Power-Project-Financinghttps://www.bankygate.com/69665/CIB-Supports-Elsewedy-Electrics-European-Expansion-Through-58-Million-Hungary-Power-Project-FinancingCIB Supports Elsewedy Electric’s European Expansion Through €58 Million Hungary Power Project FinancingThe Commercial International Bank, Egypt CIB has announced the signing of a financing and partnership agreemenThu, 05 Feb 2026 12:41:29 +02002026-02-05T12:41:29+02:00The Commercial International Bank, Egypt (CIB) has announced the signing of a financing and partnership agreement to support Elsewedy Electric Power Systems Projects (PSP) in the execution of a combined cycle power plant project in Hungary, with financing valued at €58 million (approximately $62.9 million).This project represents the largest combined cycle power generation development of its kind in Hungary in decades, and further reinforces CIB’s role in supporting strategic infrastructure projects while advancing sustainable finance solutions.The project will be executed through a consortium comprising Elsewedy Electric, Status KPRIA Zrt., and West Hungária Bau Kft (WHB), following the award by MVM Matra Energia Zrt., a subsidiary of Hungary’s state-owned MVM Group.For Elsewedy Electric, this development represents the company’s first major investment in Europe and marks an important milestone in its global expansion strategy. In addition, once completed, the facility will become Hungary’s first hydrogen-ready power plant, with the capability to integrate up to 30% hydrogen into its fuel mix, supporting the transition toward cleaner energy and strengthening European energy security.Designed to generate between 500 and 650 megawatts of electricity, the plant is scheduled to begin commercial operations in 2028, following construction works that officially commenced after the foundation stone ceremony held in September 2025.Overall investment in the project is estimated at approximately €700 million (around $760 million). Within this framework, CIB is acting as the sole financier for Elsewedy Electric’s portion of the project, providing credit facilities valued at nearly €58 million. This structure reflects the bank’s strong financial position as well as its expertise in structuring and financing large-scale cross-border infrastructure projects. In this context, Mr. Amr El Ganainy, Deputy CEO and Executive Board Member of Commercial International Bank – Egypt (CIB), stated: “Our support for this landmark project is a clear reflection of our focus on strengthening long-term collaboration and partnership with Elsewedy Electric and CIB's dedication towards sustainable financing and encouraging responsible investments, especially projects that align with the global transition towards clean energy and emissions reduction. We don't just finance projects; we participate in building a more sustainable future and support our partners in implementing projects with long-term economic and environmental value. Mr. El Ganainy added that this partnership reflects CIB's focus on supporting leading Egyptian companies in their international expansion, thereby enhancing the competitiveness of the Egyptian economy and solidifying the bank's position as a trusted banking partner in financing sustainable development projects regionally and internationally. Reflecting on the project’s importance, Eng. Ahmed Elsewedy, President and CEO of Elsewedy Electric, stated: “This project represents a major milestone in Elsewedy Electric’s global expansion and reflects the growing confidence in the capabilities of Egyptian companies to deliver large-scale energy projects in line with the highest international standards. Our participation in delivering the largest combined cycle power plant in Hungary, designed to be hydrogen-ready, reinforces our commitment to delivering advanced and sustainable energy solutions that support energy security and accelerate the transition toward a low-carbon economy.”He added: “We are proud of our partnership with Commercial International Bank, Egypt (CIB), which played a pivotal role in structuring this financing. This reflects the strength of Egyptian financial institutions and their ability to support the international expansion of national companies. The collaboration represents a strong model of integration between industry and the banking sector to drive long-term strategic investments with sustainable economic and environmental impact.”Elsewedy also shared that the project reflects the group’s strategy of disciplined expansion into international markets, supported by advanced technology, strong strategic partnerships, and extensive experience in delivering major energy projects. As a result, this further strengthens Elsewedy Electric’s position as a trusted partner in global energy and infrastructure projects. Elsewedy Electric’s entry into the Hungarian market is driven by strategic partnerships, advanced technology, and a clear commitment to sustainable energy solutions, aligning with the rapid transformation taking place across the European energy sector.Through this transaction, CIB continues to expand its global presence while reinforcing its position as a leading financial institution in sustainable finance and development.CIB,Commercial International Bankhttps://www.bankygate.com/69555/The-Central-Bank-of-Egypt-and-the-South-African-Reserve-Bank-Strengthen-Cooperation-in-Financial-Inclusion-Digitalization-and-Cybersecurityhttps://www.bankygate.com/69555/The-Central-Bank-of-Egypt-and-the-South-African-Reserve-Bank-Strengthen-Cooperation-in-Financial-Inclusion-Digitalization-and-CybersecurityThe Central Bank of Egypt and the South African Reserve Bank Strengthen Cooperation in Financial Inclusion, Digitalization, and CybersecurityAs part of efforts to enhance bilateral cooperation between Egypt and South Africa in the banking and central Tue, 03 Feb 2026 09:44:21 +02002026-02-03T09:44:21+02:00As part of efforts to enhance bilateral cooperation between Egypt and South Africa in the banking and central banking sector, Ambassador Ahmad Sharief, Egypt’s Ambassador to South Africa, received a high-level delegation from the Central Bank of Egypt, headed by Eng. Ayman Hussein, First Deputy Governor of the Central Bank of Egypt for Information Technology, during an official visit to South Africa.The meeting, attended by senior officials from the South African Reserve Bank, including Faizel Jeena – Head of Department, Prudential Authority, featured extensive discussions on advancing the distinguished and close bilateral relations between the two countries in the banking sector, particularly in the areas of financial inclusion, digitalization, enhancing cybersecurity, and governing the use of artificial intelligence in banking.The visit of the Central Bank of Egypt delegation to Pretoria was conducted within the framework of a joint program between the Central Bank of Egypt and the South African Reserve Bank, aimed at exchanging expertise and best practices, strengthening shared knowledge and cooperation across all sectors related to central banking, while taking into account the leading role that the central banks of both countries play across Africa.CBE,South African Reserve Bank,Financial Inclusion,Central Bank of Egypt,Cybersecurityhttps://www.bankygate.com/69546/CIB-Egypt-Wins-Best-Trade-Finance-Provider-in-Egypt-2026-Award-from-Global-Financehttps://www.bankygate.com/69546/CIB-Egypt-Wins-Best-Trade-Finance-Provider-in-Egypt-2026-Award-from-Global-FinanceCIB Egypt Wins “Best Trade Finance Provider in Egypt 2026” Award from Global FinanceMon, 02 Feb 2026 20:47:51 +02002026-02-02T20:47:51+02:00Commercial International Bank – Egypt (CIB) has been named Best Trade Finance Provider in Egypt for 2026 by Global Finance, reaffirming its leadership in delivering advanced trade finance solutions and its pivotal role in supporting trade and investment flows in Egypt and across borders.This recognition comes as a culmination of CIB’s continuous efforts to develop an integrated trade finance ecosystem based on technological innovation, robust risk management, and flexible financial solutions tailored to the needs of businesses across various sectors, thereby enhancing their competitiveness in both local and international markets.The award reflects CIB’s steadfast commitment to creating added value for its clients through a combination of deep market expertise, advanced banking services, and cutting-edge digital tools that ensure faster execution, greater transparency, and reduced trade-related risks.It also underscores CIB’s ability to seamlessly blend superior customer service with innovative solutions, enabling clients to conduct their trade operations with confidence, efficiency, and transparency, while reinforcing the bank’s position as a strategic partner for companies engaged in import, export, and supply chain activities.The Global Finance awards are among the most prestigious recognitions in the global banking and financial sector. The selection process is based on rigorous criteria including financial performance, service quality, innovation, client satisfaction, and contribution to the development of financial markets.CIB continues to invest in enhancing its trade finance offerings, including letters of credit, guarantees, and supply chain finance, alongside digital solutions that streamline trade transactions and support the transition toward a more efficient and transparent economy.This achievement adds to a series of recent successes for CIB, reflecting its strategic focus on innovation, digital transformation, and international partnerships, further solidifying its leadership in Egypt’s banking sector.Awards,Global Finance,البنك التجاري الدولي- CIBhttps://www.bankygate.com/69443/Banky-Wins-Best-Tech-Driven-Banking-Services-Platform-in-Egypt-2026-Award-from-Global-Business--Financehttps://www.bankygate.com/69443/Banky-Wins-Best-Tech-Driven-Banking-Services-Platform-in-Egypt-2026-Award-from-Global-Business--FinanceBanky Wins Best Tech-Driven Banking Services Platform in Egypt 2026 Award from Global Business & FinanceBanky Egypt has been awarded the Best Tech-Driven Banking Services Platform Egypt 2026 title by Global BusinesFri, 30 Jan 2026 15:29:51 +02002026-01-30T15:29:51+02:00Banky Egypt has been awarded the Best Tech-Driven Banking Services Platform Egypt 2026 title by Global Business & Finance Awards, in recognition of its outstanding role in advancing digital banking content, promoting financial awareness, and delivering innovative, technology-powered comparison services to users across the Egyptian market.This recognition marks a significant milestone for Banky, highlighting its continuous efforts to provide an integrated digital experience that keeps pace with developments in the banking sector. Through in-depth analytical coverage, interactive comparison tools for banking products, and awareness initiatives aimed at strengthening financial literacy, the platform has played a key role in supporting digital transformation within Egypt’s financial industry.Commenting on the achievement, Mohamed Salah, Founder and Editor-in-Chief of Banky, expressed his pride in receiving the award, stating that it reflects international recognition of the platform’s vision to merge technology with specialized content to better serve audiences. <div>He added:</div><div>“We are proud to receive this international recognition, which reflects global confidence in Banky’s role as a trusted source for banking information in Egypt. We remain committed to developing our digital tools and expanding our services to support financial inclusion and meet the evolving expectations of users in the era of digital transformation.”</div>This award further reinforces Banky’s growing position as one of Egypt’s leading specialized banking platforms, underscoring its role in promoting transparency and strengthening communication between financial institutions and customers through innovative digital solutions.BANKY 2026,banky,Global Business & Finance,BANKYhttps://www.bankygate.com/69440/CIB-Kenya-Announces-Transition-of-Existing-Facilities-to-Revised-Risk-Based-Pricing-Model-for-Variable-Rate-Loanshttps://www.bankygate.com/69440/CIB-Kenya-Announces-Transition-of-Existing-Facilities-to-Revised-Risk-Based-Pricing-Model-for-Variable-Rate-LoansCIB Kenya Announces Transition of Existing Facilities to Revised Risk-Based Pricing Model for Variable-Rate LoansFri, 30 Jan 2026 14:38:24 +02002026-01-30T14:38:24+02:00CIB Kenya has announced the transition of all existing Kenya Shilling variable-rate loan facilities to a revised risk-based credit pricing framework, in line with regulatory requirements set by the Central Bank of Kenya.The bank confirmed that all new Kenya Shilling variable-rate facilities have been onboarded under the updated framework since December 1, 2025, with existing facilities set to migrate fully to the revised model by February 28, 2026.Effective March 1, 2026, KESONIA or the Central Bank Rate (CBR) will serve as the reference rate for pricing all applicable variable-rate loans. Interest will be calculated by adding a customer-specific risk premium to the benchmark rate, reflecting each borrower’s credit risk profile in accordance with regulatory guidelines.CIB Kenya also noted that the Total Cost of Credit will incorporate the reference rate, the applicable risk premium, and all approved fees and charges, ensuring full transparency and disclosure to customers.The bank emphasized that the transition will not introduce additional fees for existing customers, except for charges already mandated for new facilities issued from December 2025. It added that all necessary measures have been implemented to ensure a smooth transition process while maintaining clear communication and customer support throughout.CBR,KESONIA,CIB Kenya