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 بنكيFri, 14 Aug 2026 10:17:18 +0300https://www.bankygate.com/UserFiles/SiteImages/Logo.pngبنكيhttps://www.bankygate.com/https://www.bankygate.com/76052/Women-Leaders-Driving-QNB-Groups-Continued-Growthhttps://www.bankygate.com/76052/Women-Leaders-Driving-QNB-Groups-Continued-GrowthWomen Leaders Driving QNB Group’s Continued GrowthThe banking sector is undergoing one of the most significant periods of transformation in its history. FinanciThu, 13 Aug 2026 10:17:40 +03002026-08-13T10:17:40+03:00The banking sector is undergoing one of the most significant periods of transformation in its history. Financial institutions across the world are navigating changing customer expectations, technological disruption, evolving regulatory frameworks, and increasingly interconnected economies. Within this environment, leadership has become a critical differentiator, requiring the ability to adapt, create sustainable value, and guide institutions through complexity and change. QNB Group’s current phase of growth and transformation is increasingly shaped by a strategic focus on innovation, sustainability, and strengthening the Group’s international capabilities throughout key markets and business functions. As the banking industry continues to evolve, the Group’s broader strategy remains embedded within its operations, customer propositions, and long-term growth agenda. Behind every phase of transformation is a generation of leaders helping organisations navigate change, unlock opportunities, and deliver sustainable growth. Women leaders are contributing to critical functions including risk management, corporate and institutional banking, treasury, and digital banking. Their impact spans markets from Qatar and Singapore to Tunisia and Egypt, reflecting both the scale of QNB’s international footprint and the depth of expertise supporting future-ready banking throughout the organisation. According to the World Economic Forum, women currently hold between 19% and 23% of senior leadership positions within the global financial services sector. At QNB Group, sustained investment in talent development, leadership progression, and building a high-performing organisation continues to support stronger female representation across both its workforce and leadership pipeline. Today, women represent 49% of QNB Group’s workforce, alongside 34% representation across senior leadership and middle management roles — figures that remain above international industry averages. For Dr. Fatma Abdulla Al-Suwaidi, Group Chief Risk Officer at QNB Group, leadership should ultimately be defined by competence, performance, and the ability to create impact. “I believe people should be evaluated based on their capabilities, qualifications, and passion, not their gender. What matters is competence, dedication, and the ability to deliver.” Having spent nearly 25 years within several critical risk functions at QNB Group, Dr. Al-Suwaidi believes the future of banking increasingly depends on how institutions navigate complexity, transformation, and emerging risks within a rapidly evolving global environment. “Risk management is not something separate from decision-making, it is embedded within it. We are here to contribute to business and support growth. When we identify opportunities from a risk perspective, we highlight them to the business. For example, in areas such as green financing or products that support climate-related initiatives, risk management can help identify opportunities that align with Environmental, Social, and Governance (ESG) objectives while also creating business value,” she said. Looking ahead, Dr. Al-Suwaidi believes areas such as artificial intelligence, climate risk, ESG, and cybersecurity will continue reshaping how financial institutions operate and compete globally. “AI will be one of the defining forces shaping the next phase of transformation within the banking industry,” she said. “At the same time, areas such as climate risk, ESG, and cybersecurity are evolving rapidly and will continue shaping the future of banking. While these are often viewed primarily as risks, they also create new opportunities for growth, innovation, and financing solutions. In Singapore, where competition within corporate and institutional banking remains intense, Constance Au, Senior Vice President for Corporate and Institutional Banking at QNB Singapore, believes sustainable growth is built through credibility, consistency, and long-term relationships. “I have never approached business from a purely transactional perspective. Instead, I focus on building genuine, long-term relationships with customers because those relationships are what ultimately sustain growth and trust.” Over the past several years, her focus has centred on strengthening QNB’s market positioning in Singapore while deepening long-term client relationships throughout the region. In her role, Constance works closely with multinational corporations and entities, helping strengthen QNB’s presence across key markets in Asia. “Clients know that when we commit to something, we deliver,” she said. “Equally, when something is not possible, we are transparent about it. That sincerity and consistency are fundamental to how we build trust with customers and create lasting value for both the Bank and its clients.” Operating within one of Asia’s most competitive banking markets also requires resilience, agility, and the ability to adapt to evolving customer and market expectations. “When circumstances become challenging, leaders must remain resilient, continue looking for opportunities, and guide their teams forward with confidence,” she said. That need for adaptability is becoming increasingly important as digital transformation continues reshaping how financial institutions engage with customers and deliver banking services. This shift is particularly visible in Egypt, where Dahlia Swellem, Director for Digibank oversees the QNB Bebasata digital banking platform under QNB Egypt and is co-leading the establishment of ez Bank, one of the Group’s most transformative initiatives through the development of digital banking ecosystems designed around customer-centricity, accessibility, and innovation. “In a digital bank, the mobile application effectively becomes [DS1.1]the face of the Bank. The customer journey must be seamless, intuitive, and personalised,” she said.  Having spent nearly two decades across retail, commercial, and marketing in banking, Dahlia believes successful digital banking models must balance technology with trust, simplicity, and human-centred experiences. As digital banking ecosystems continue evolving throughout the region, she believes long-term success will depend on agility and the ability to continuously evolve[DS2.1] alongside technological advancements, with the aim of meeting and exceeding customer expectations. “The market is evolving rapidly, and if organisations stop innovating or trying new approaches, they risk being overtaken,” she said. At the same time, digital transformation requires leaders capable of navigating increasingly complex ecosystems involving regulators, consultants, technology providers, and cross-functional teams. “Leadership in this space requires adaptability, fairness, accountability, and the willingness to continuously reassess and evolve,” she added. Alongside innovation and customer transformation, maintaining resilience and financial stability remains equally critical to supporting sustainable growth within financial institutions. For Fatma Ben Hafsa, Head of Treasury at QNB Tunisia, treasury functions are playing an increasingly strategic role as markets become more interconnected and volatile. “For us, long-term value creation relies on a carefully managed balance between profitability, risk management, and active support for the Bank’s overall strategy,” she said. Her role focuses on ensuring financial resilience through liquidity management, funding optimisation, foreign exchange activities, and correspondent banking relationships, while also supporting the Bank’s broader strategic ambitions. As financial markets continue evolving, she believes treasury functions will increasingly rely on digitalisation, enhanced forecasting capabilities, and stronger international collaboration to strengthen competitiveness and support long-term stability. “These developments represent real opportunities to strengthen the Bank’s financial position, optimise balance sheet management, diversify funding sources, and improve competitiveness,” she said. As QNB Group continues to advance its growth ambitions across regional and international markets, leadership expertise remains central to navigating an increasingly dynamic banking landscape. Through their expertise, commitment to excellence, and leadership, these women continue to contribute to the Group’s long-term success and help shape the future of banking across the markets it serves.QNB Grouphttps://www.bankygate.com/76019/Emirates-NBD-Egypt-Upgrades-Premium-Experience-to-Bridge-High-Yield-Wealth-Global-Mobility-and-Advanced-Digital-Bankinghttps://www.bankygate.com/76019/Emirates-NBD-Egypt-Upgrades-Premium-Experience-to-Bridge-High-Yield-Wealth-Global-Mobility-and-Advanced-Digital-BankingEmirates NBD Egypt Upgrades Premium Experience to Bridge High-Yield Wealth, Global Mobility, and Advanced Digital BankingAs affluent banking requirements evolve toward global connectivity and real-time execution, Emirates NBD EgyptWed, 12 Aug 2026 11:01:35 +03002026-08-12T11:01:35+03:00As affluent banking requirements evolve toward global connectivity and real-time execution, Emirates NBD Egypt has upgraded its premium proposition to deliver an uncompromised financial ecosystem. The revamped experience directly addresses the modern priorities of internationally minded clients, combining high-yield wealth optimization, multi-market access, and next-generation tech architecture. Recognizing that today’s clients require effortless international mobility without losing local advantage, Emirates NBD Egypt leverages the broader Group’s presence across 13 countries. This unified footprint creates a direct cross-border corridor connecting Egypt to strategic hubs including the UAE, Saudi Arabia, Türkiye, Singapore, and the United Kingdom, offering Non-Resident Egyptians (NREs) and international account holders seamless financial management across jurisdictions. •    Global Purchasing Power & Travel Flexibility:  To complement this cross-border network, the bank provides Multi-Currency (FCY) Debit Cards featuring overseas spending allowances up to USD 80,000 monthly (or equivalent), paired with premium credit portfolios carrying limits up to EGP 5 million and tokenized Apple Pay integration for instant, secure transactions globally. •    Next-Generation Digital Banking: On the digital front, high-speed banking rails allow users to execute local transfers of up to EGP 10 million in real time, supported by a 24/7 digital suite designed to eliminate operational delay. •    Diversified Wealth Management:  Where traditional retail banking often falls short on yield, Emirates NBD Egypt delivers a structured suite of investment and capital growth tools. Clients gain access to specialized investment vehicles, including Money Market Funds, a USD Fixed Income Fund, and a Gold Fund, designed for dynamic portfolio diversification.•    Market-Leading Yields & Protection: For guaranteed capital growth, the bank offers top-tier market returns across Fixed Certificates of Deposit (earning up to 17.5%), Variable CDs (up to 19%), Daily Current Accounts (up to 18%), and High-Yield Savings Accounts (reaching 18.25%). These asset-building options are supported by tailored lending protection and customizable short- and long-term insurance policies. This tech-first infrastructure is reinforced by a physical footprint of over 60 branches and automated touchpoints across all Egyptian governorates, ensuring hyper-personalized service whenever in-person expertise is required. Through continuous technical iteration and user-centric architecture, Emirates NBD Egypt cements its position as a digital-first financial partner, empowering clients to manage, grow, and protect their financial portfolios seamlessly.Emirates NBD Egypt,NBD Egypthttps://www.bankygate.com/75833/Suez-Canal-Bank-offers-an-Integrated-Travel-Experience-for-Visa-Credit-Cardholdershttps://www.bankygate.com/75833/Suez-Canal-Bank-offers-an-Integrated-Travel-Experience-for-Visa-Credit-CardholdersSuez Canal Bank offers an Integrated Travel Experience for Visa Credit CardholdersBased on Suez Canal Banks Retail Banking strategy to provide holistic financial solutions for individuals and Thu, 06 Aug 2026 17:30:52 +03002026-08-06T18:12:37+03:00Based on Suez Canal Bank’s Retail Banking strategy to provide holistic financial solutions for individuals and business owners, the Bank is continuously enhancing its portfolio of premium products and services. These ongoing efforts reflect the Bank’s vision to attract, engage, and retain affluent customers by delivering a differentiated value proposition and an exceptional banking experience for Elite Star and Privé clients.Suez Canal Bank has introduced a comprehensive suite of premium travel benefits for holders of Visa Signature, Visa Infinite, Visa Infinite Privilege credit cards, delivering a seamless and rewarding travel experience for customers travelling both domestically and international travel.Suez Canal Bank’s Voyage Travel Proposition enables cardholders to enjoy a range of travel benefits and services, which vary based on the credit card type and in accordance with the terms and conditions, including a 30% off flight bookings through Flyin website and mobile application, alongside a curated selection of premium travel services designed to enhance every stage of the journey. These benefits include airport transfer services, Fast Track access at more than 230 participating international airports, complimentary airport lounge access, and a global eSIM providing mobile connectivity across more than 150 destinations, allowing customers to stay connected without changing their physical SIM card.Cardholders also benefit from Visa Travel Services, which provide visa support and consultation, facilitating visa application and processing through embassies or at the customer’s preferred location, where applicable.  In addition, Visa Concierge offers dedicated assistance before and throughout the journey, including flight reservations, airport transfers, travel arrangements, and support for travel-related inquiries, ensuring a smoother and more convenient travel experience.Customers can also benefit from cashback offers on eligible transactions, enhancing added value of their cards and providing them with more benefits when using their cards while traveling.  The benefits available vary by card type, enabling each customer segment to enjoy a tailored set of privileges that best suits their travel needs and lifestyle, with easy access through dedicated digital platforms and applications. The initiative reflects Suez Canal Bank’s commitment to delivering innovative banking solutions that go beyond traditional financial services, creating integrated lifestyle experiences that add meaningful value and enrich customers’ journe<div class="full-width clearfix"><div class="caption"> </div></div> Suez Canal Bank,Visa Credit Cardholdershttps://www.bankygate.com/75805/Financial-Inclusion-Rates-Continue-to-Surge-79-of-Citizens-Own-Active-Accounts-that-Enable-Them-to-Perform-Financial-Transactionshttps://www.bankygate.com/75805/Financial-Inclusion-Rates-Continue-to-Surge-79-of-Citizens-Own-Active-Accounts-that-Enable-Them-to-Perform-Financial-TransactionsFinancial Inclusion Rates Continue to Surge 79% of Citizens Own Active Accounts that Enable Them to Perform Financial TransactionsFinancial inclusion rates in Egypt continued to increase, reaching 79% by the end of June 2026, to record 56.4Thu, 06 Aug 2026 11:10:09 +03002026-08-06T11:10:09+03:00Financial inclusion rates in Egypt continued to increase, reaching 79% by the end of June 2026, to record 56.4 million citizens owning active accounts that enable them to perform financial transactions, out of total 71.4 million citizens (aged 15 years and above). This has been achieved as a result of the continued efforts of the Central Bank of Egypt (CBE) and the financial sector, to endorse financial inclusion and broaden access to financial services across all segments of society.Active financial accounts encompass bank accounts, postal accounts, mobile wallets, and prepaid cards. In this regard, women’s financial inclusion rate rose substantially from 19.1% in 2016 to 72.5% by the end of June 2026, representing a growth rate of 327% over the aforementioned period. Similarly, the youth financial inclusion rate (aged 15 to 35 years) increased from 36.3% in 2020, to 58% in June 2026, marking a growth rate of 85% within the same period. These milestones were supported by tailored programs and initiatives aimed at enhancing the economic empowerment of women and youth, while integrating underserved segments into the formal financial system.These accomplishments underscore the success of the Financial Inclusion Strategy (2022-2025) in achieving its objectives and promoting sustainable economic growth across all segments of society.  The strategy was developed and implemented in consultation and coordination with relevant ministries and authorities. This progress is further reflected in the core set of indicators issued by the CBE’s Financial Inclusion Datahub, which showed a significant increase in both the ownership and usage of financial services, reflecting a growth rate of 229% over the period from 2016 to June 2026.These results come as part of the ongoing cooperation and coordination with relevant ministries and authorities to implement several projects and initiatives. Leading these efforts are the presidential initiative "Decent Life" (Haya Karima) and the “Transforming the Livelihoods of Smallholder Farmers” project, as well as initiatives targeting women and youth, implemented in cooperation with the Ministry of Youth and Sports and the National Council for Women.In alignment with the evidence-based approach adopted by the CBE to achieve its vision and objectives, the Second National Financial Inclusion Strategy (2026–2030) is currently under development, in collaboration with relevant ministries and authorities. The Strategy adopts a comprehensive approach that extends beyond providing access to financial services to promoting their effective, secure, and sustainable use, thereby supporting businesses and entrepreneurs, while integrating the informal economy into the formal one.The new Strategy is being developed based on a comprehensive methodology for measuring financial inclusion from the supply and demand sides, thereby strengthening its core dimensions: access, usage, and quality of financial services. It also relies on the findings of the financial services demand side survey, conducted with technical assistance from the World Bank (WB) and the International Finance Corporation (IFC), and implemented in cooperation with the Central Agency for Public Mobilization and Statistics (CAPMAS) during the first quarter of 2026. The survey aims at identifying existing gaps and barriers to the effective use of financial services, as well as drafting and formulating evidence-based policies.The Strategy seeks to expand the use of financial services and products by advancing digital solutions and innovation, supporting the transition to a green economy through sustainable finance instruments, and raising financial awareness among citizens through financial education and literacy programs. It also aims to strengthen trust in the financial sector by reinforcing consumer protection, supporting the growth and sustainability of Small and Medium-sized Enterprises (SMEs) and entrepreneurs, fostering public-private partnerships, and advancing financial and technological infrastructure.<div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/08/06/$Id$/WhatsApp_Image_2026-08-06_at_10_59_36_AM_20260806111439.jpg"></div> financial transactions,Financial inclusionhttps://www.bankygate.com/75763/Bank-NXT-and-Kaf-Insurance-Launch-Strategic-Alliance-to-Deliver-Integrated-Insurance-Solutions-to-the-Banks-Customershttps://www.bankygate.com/75763/Bank-NXT-and-Kaf-Insurance-Launch-Strategic-Alliance-to-Deliver-Integrated-Insurance-Solutions-to-the-Banks-CustomersBank NXT and Kaf Insurance Launch Strategic Alliance to Deliver Integrated Insurance Solutions to the Bank’s CustomersBank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced the launWed, 05 Aug 2026 12:10:22 +03002026-08-05T12:10:22+03:00Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced the launch of a strategic alliance with Kaf Insurance, aimed at expanding access to insurance services and offering advanced financial protection solutions to customers. Kaf was established as a joint venture between EFG Finance, EFG Holding’s NBFI platform, and GB Corp, and is Egypt’s fastest-growing tech-enabled insurance company. Through this partnership, Bank NXT customers will gain access to a diverse range of Kaf Insurance products, including life, savings and health insurance solutions, via the Bank’s branch network and digital channels. This collaboration will provide customers with a more seamless and flexible experience while addressing their evolving financial protection and insurance needs.  Commenting on the partnership, Sherif Nada, Chief of Retail, Branches Network & Business Banking at Bank NXT, said: “This alliance represents an extension of Bank NXT’s strategy to provide integrated financial services that cater to the evolving needs of our customers. Through our collaboration with Kaf Insurance and its advanced capabilities and digital solutions, we will offer reliable, innovative insurance services that enhance customer experience and support the Bank’s digital transformation agenda. This partnership also reinforces our efforts to provide customers with more accessible, flexible, and high-quality financial services.” Sohail Ali, CEO of Kaf Insurance, commented: “We are proud to partner with Bank NXT in line with our shared vision of expanding access to innovative insurance solutions and enhancing financial inclusion. This partnership represents a crucial step in making insurance products more accessible through seamless digital and branch-based channels, while delivering tailored protection solutions that address the evolving needs of both individuals and businesses. Together, we are committed to creating greater value for customers and contributing to the continued development of Egypt’s bancassurance sector.” This partnership reflects the commitment of both organizations to advancing financial inclusion and fostering innovation across financial and insurance services. By combining their respective expertise and capabilities, Bank NXT and Kaf Insurance aim to deliver added value to customers while supporting the continued growth of the bancassurance sector in the Egyptian market.   Kaf Insurance,NXT,Bank NXThttps://www.bankygate.com/75758/Central-Bank-of-Egypt-Forms-Inter-Ministerial-Working-Group-to-Develop-Sustainable-Finance-Taxonomyhttps://www.bankygate.com/75758/Central-Bank-of-Egypt-Forms-Inter-Ministerial-Working-Group-to-Develop-Sustainable-Finance-TaxonomyCentral Bank of Egypt Forms Inter-Ministerial Working Group to Develop Sustainable Finance TaxonomyIn line with supporting the national direction toward promoting sustainable finance, and in alignment with intWed, 05 Aug 2026 11:16:08 +03002026-08-05T11:16:08+03:00In line with supporting the national direction toward promoting sustainable finance, and in alignment with international best practices in sustainability, the Central Bank of Egypt (CBE) has initiated the preparatory steps to issue the "Sustainable Finance Taxonomy". This taxonomy aims to provide accurate and certified data on sustainable economic activities, amid the intersection of economic growth with environmental and social issues, thereby enhancing investor confidence and creates an attractive environment for green and sustainable investments in general. To this end, a technical working group has been formed, comprising representatives from the Ministry of Foreign Affairs, International Cooperation and Egyptian Expatriates, the Ministry of Finance, the Ministry of Local Development and Environment, the Ministry of Investment and Foreign Trade, as well as the Financial Regulatory Authority (FRA). The group aims to coordinate and integrate efforts among all relevant authorities, allowing them to share feedback and insights during the preparatory stages of the Sustainable Finance Taxonomy that will be issued by the CBE. The working group held its first meeting at the CBE's headquarters, attended by representatives from member ministries and authorities. The meeting covered the CBE's vision for the upcoming taxonomy, alongside presentations on other countries' experiences in this field, applicable international standards, as well as existing challenges and opportunities. The meeting concluded with an agreement to immediately commence executive steps, emphasizing the importance of full coordination among working group members. It is worth noting that the Sustainable Finance Taxonomy is expected to increase the international funding to this promising field, and enhance risk management efficiency in project financing by providing clear classifications and guidelines to identify environmental and social risks.   CBE,Central Bank of Egypthttps://www.bankygate.com/75748/HSBC-posts-195-billion-H1-profit-resumes-1-billion-share-buybackhttps://www.bankygate.com/75748/HSBC-posts-195-billion-H1-profit-resumes-1-billion-share-buybackHSBC posts $19.5 billion H1 profit, resumes $1 billion share buybackHSBC Holdings reported stronger-than-expected financial results for the first half of 2026, supported by growtWed, 05 Aug 2026 10:13:14 +03002026-08-05T10:13:14+03:00HSBC Holdings reported stronger-than-expected financial results for the first half of 2026, supported by growth in lending income and wealth management fees, prompting the bank to raise its net interest income guidance and resume its share buyback program. Europe’s largest lender posted pre-tax profit of $19.5 billion for the first six months of the year, up 23% from $15.8 billion in the same period last year and above analysts’ forecast of $18.9 billion. The bank also raised its 2026 net interest income guidance, saying it now expects the figure to exceed $46 billion, reflecting continued strength in lending activity and resilient earnings from its wealth management business, particularly across Asia. HSBC announced the resumption of its share buyback program with a new $1 billion plan after a three-quarter pause following its decision last year to take Hong Kong’s Hang Seng Bank private. The lender also declared a second interim dividend of $0.10 per share, following an equivalent payout in May. The results highlight the continued execution of CEO Georges Elhedery’s strategy to streamline operations and sharpen the bank’s focus on Asia by expanding its wealth management and cross-border banking businesses while exiting non-core markets. As part of that strategy, HSBC completed the sale of its Singapore insurance business, Egypt’s retail banking business, and Australian mortgage operations during the period. Revenue from the bank’s wealth business increased 18% year-on-year, driven by strong performance across Asian markets, while its corporate and institutional banking division became the largest contributor to earnings, accounting for roughly one-third of first-half profit. Elhedery said Hong Kong remains at the center of HSBC’s wealth growth strategy in Asia, noting that the group added 640,000 new customers across the HSBC and Hang Seng brands in the market during the first six months of the year. He also revealed that the bank currently has more than 70 initial public offerings (IPOs) in its Asian pipeline, including 40 in Hong Kong, underscoring continued momentum in the region’s capital markets. Despite the strong earnings, HSBC’s new $1 billion share buyback fell short of some analysts’ expectations, prompting questions about the future pace of the bank’s capital return program, while its Hong Kong-listed shares traded broadly flat following the earnings announcement.https://www.bankygate.com/75661/Central-Bank-of-Egypt-Launches-the-African-Financial-Stability-Committee-Electronic-Portal-in-Cooperation-with-the-Association-of-African-Central-Bankshttps://www.bankygate.com/75661/Central-Bank-of-Egypt-Launches-the-African-Financial-Stability-Committee-Electronic-Portal-in-Cooperation-with-the-Association-of-African-Central-BanksCentral Bank of Egypt Launches the African Financial Stability Committee Electronic Portal in Cooperation with the Association of African Central BanksMon, 03 Aug 2026 11:27:59 +03002026-08-03T11:27:59+03:00 Central Bank of Egypt (CBE), in cooperation with the Association of African Central Banks (AACB), launched the electronic portal of the African Financial Stability Committee (AFSC), as part of the ongoing efforts to strengthen institutional cooperation among African central banks, while anchoring the mechanisms for sharing knowledge and expertise in the field of financial stability across the continent. The launch of the portal reflects the success of the joint efforts that initially led to the establishment of the AFSC under the umbrella of the AACB, upon an initiative by the CBE, and under the auspices of H.E. Mr. Hassan Abdalla – Governor of the CBE. The Committee serves as the first continental institutional framework dedicated to financial stability from a macroprudential perspective, supporting the coordination and cooperation among African central banks, and enhancing the stability of financial systems across the continent. The AFSC portal represents an important institutional milestone in the Committee’s journey, as it provides an integrated digital platform that introduces the AFSC, its objectives, mandates, organizational structure, and member central banks. It also highlights its working groups - including the African Financial Stability Report Working Group (AFSR-WG) and the Macroprudential Policy Development and Implementation Working Group (MPDI-WG) - and their respective roles in supporting the Committee’s objectives and advancing technical cooperation among African central banks. The portal also highlights the pivotal role of the Committee's Secretariat in supporting technical and administrative coordination for the Committee and its working groups, as well as managing and maintaining the portal's content. The portal serves as a key platform for publishing the outputs of the Committee and its working groups, including reports, studies, technical papers, and reference materials. On top of these is the African Financial Stability Report, which constitutes the first comprehensive continental assessment of financial stability in Africa prepared directly by African central banks. This is expected to broaden the reach of these outputs and enhance their use by central banks, financial institutions, and relevant stakeholders at both regional and global levels. The portal also provides information on the regular meetings of the Committee and its working groups, as well as key ongoing activities and initiatives. This will enhance the transparency of the Committee’s work and enable interested stakeholders and observers to follow efforts aimed at promoting financial stability across the African continent. The AFSC portal is expected to support knowledge sharing and the exchange of best practices among African central banks, while enhancing coordination and cooperation in addressing risks and challenges that may affect financial stability from a macroprudential perspective across the continent.  The launch of this portal reaffirms the commitment of the CBE, together with the AACB and member central banks, to continuously support efforts toward African financial integration. It solidifies the AFSC’s role as a specialized continental platform for enhancing technical cooperation in the field of financial stability, contributing to the development of more resilient financial systems that are better positioned to support sustainable economic growth across Africa.https://www.bankygate.com/75628/Central-Bank-of-Egypt-and-Ministry-of-Foreign-Affairs-Launch-Update-Your-KYC-in-Egypt-Initiative-for-Egyptians-Working-Abroad-in-Cooperation-with-the-National-Bank-of-Egypt-and-Banque-Misrhttps://www.bankygate.com/75628/Central-Bank-of-Egypt-and-Ministry-of-Foreign-Affairs-Launch-Update-Your-KYC-in-Egypt-Initiative-for-Egyptians-Working-Abroad-in-Cooperation-with-the-National-Bank-of-Egypt-and-Banque-MisrCentral Bank of Egypt and Ministry of Foreign Affairs Launch “Update Your KYC in Egypt” Initiative for Egyptians Working Abroad in Cooperation with the National Bank of Egypt and Banque MisrAs part of Egypts steadfast efforts to strengthen engagement with Egyptians abroad, enhance the services proviSun, 02 Aug 2026 14:18:48 +03002026-08-02T14:18:48+03:00As part of Egypt’s steadfast efforts to strengthen engagement with Egyptians abroad, enhance the services provided to them, and facilitate their access to banking services, the Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs, International Cooperation, and Egyptian Expatriates launched the “Update Your KYC in Egypt” initiative. The implementation is carried out in partnership with the National Bank of Egypt (NBE) and Banque Misr, in coordination with the Egyptian Money Laundering and Terrorist Financing Combatting Unit (EMLCU), and in collaboration with the Federation of Egyptian Banks (FEB). In this regard, a joint cooperation protocol was signed between the Ministry of Foreign Affairs, International Cooperation, and Egyptian Expatriates, NBE, and Banque Misr, in the presence of Mr. Tarek ElKholy, CBE’s Deputy Governor for Banking Stability. The protocol was signed by Ambassador Nabil Habashi, Deputy Minister of Foreign Affairs, International Cooperation, and Egyptian Expatriates; Mr. Mohamed El-Etreby, Chief Executive Officer of NBE; and Mr. Hisham Okasha, Chief Executive Officer of Banque Misr. The signing ceremony took place on the sidelines of the 7th Edition of the Egyptians Abroad Conference, held today under the theme “No Matter How Far We Are, Egypt Brings Us Closer." The initiative enables Egyptians working abroad to update their banking data with NBE or Banque Misr without the need to travel to Egypt. Instead, they can visit the nearest Egyptian diplomatic mission or consulate in their country of residence to complete and sign the data update form. The mission or consulate will verify the form and forward it to the Ministry of Foreign Affairs to complete the verification procedures, before submitting it to their respective bank to finalize the customer’s data update process. On this occasion, H.E. Mr. Hassan Abdalla, Governor of the CBE, emphasized that launching the initiative underscores the commitment of the CBE and the banking sector to advance banking services provided to Egyptians abroad, and streamline their access through more efficient and flexible solutions. This reinforces the State’s efforts to promote financial inclusion and strengthen ties with Egyptians abroad.  Mr. Abdalla further noted that the initiative builds on the success of the recently launched “Open Your Account in Egypt” initiative, implemented in coordination with the Ministry of Foreign Affairs, International Cooperation, and Egyptian Expatriates. It reflects an integrated approach to enhancing the banking customer experience for Egyptians working abroad, and represents a strategic step towards simplifying customer data update processes, while ensuring compliance with regulatory requirements, due diligence measures, and international banking best practices. For his part, Dr. Badr Abdelatty, Minister of Foreign Affairs, International Cooperation, and Egyptian Expatriates, stated that the signing of the cooperation protocol with NBE and Banque Misr aims to facilitate the update of banking data for Egyptians abroad by verifying citizens' signatures on the data update form at diplomatic missions or consulates abroad. This directly addresses repeated requests from Egyptians abroad and implements the recommendations of the 6th Edition of the Egyptians Abroad Conference, organized by the Ministry of Foreign Affairs in August 2025. Dr. Abdelatty added that this initiative complements a range of other programs led by the Ministry for Egyptian expats, developed in collaboration with various ministries and national institutions, to deliver the highest standard of care and support for Egyptians abroad, in line with the presidential directives in this regard. He further noted that the current 7th Edition of the Egyptians Abroad Conference is exploring additional proposals and actionable ideas aimed at fulfilling the aspirations of Egyptians abroad and deepening their connection to the homeland. The Minister expressed his appreciation to the CBE, the relevant authorities concerned with ensuring the safety of financial transfers in Egypt, as well as NBE and Banque Misr for their responsiveness and cooperation in executing this initiative. He underlined that the initiative serves the interests of Egyptians abroad, streamlines their financial transactions within Egypt, and encourages the transfer of their foreign currency savings into the country.<div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/08/02/$Id$/24ee1563-ca3b-4851-b2ce-9507b12246b5_20260802141824.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/08/02/$Id$/adfec9cc-3e9a-4a77-9184-a02e36913b60_20260802141832.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/08/02/$Id$/9c00fee8-be92-46e5-894b-48e12cf4825a_20260802141838.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/08/02/$Id$/321d8f3a-2c89-477c-b133-43a1e8bc7fae_20260802141843.jpg"><div class="caption"> </div></div> https://www.bankygate.com/75449/Visa-announces-the-winners-of-the-fourth-edition-of-Shes-Next-in-collaboration-with-Commercial-International-Bank-CIBhttps://www.bankygate.com/75449/Visa-announces-the-winners-of-the-fourth-edition-of-Shes-Next-in-collaboration-with-Commercial-International-Bank-CIBVisa announces the winners of the fourth edition of She’s Next in collaboration with Commercial International Bank (CIB)Visa NYSE: V, a global leader in payments technology, announced the winners of the fourth edition of Shes NextTue, 28 Jul 2026 11:32:27 +03002026-07-28T11:32:27+03:00Visa (NYSE: V), a global leader in payments technology, announced the winners of the fourth edition of “She’s Next” program in Egypt, delivered in collaboration with CIB Business Banking), the exclusive banking partner for the fourth consecutive year, and Shark Tank for the first time in Egypt. The initiative is designed to empower women entrepreneurs and accelerate business growth through access to training, mentorship, visibility, and funding. This year’s edition attracted participation from more than 2,500 women-led businesses, reflecting the strength, ambition, and diversity of Egypt’s female entrepreneurship ecosystem. Following a rigorous evaluation and development process, nine finalists were selected to pitch their businesses to a distinguished panel of experts and investors, including; Shark Tank Egypt’s Abdalla Salam and Ahmed Tarek, Visa’s Malak El Baba, and CIB’s Hany El-Dieb. PraxiLabs was awarded first place and received the grand prize of USD 20,000. Up-Fuse secured second place, receiving USD 15,000, while Kennah ranked third and received USD 10,000. Together, the three winners received a total of USD 45,000 in funding to support their next stage of growth. The winners were recognized for their innovative business models, strong growth potential, and ability to address real market needs. Their ventures stood out among a highly competitive group of finalists representing a wide range of sectors and solutions. Over the past months, participants in the program benefited from specialized training and mentorship sessions focused on strengthening business models, improving pitch readiness, leveraging digital tools and emerging technologies, and preparing for sustainable growth. The initiative also provided entrepreneurs with valuable exposure and access to a wider network of business leaders, investors, and ecosystem partners.Malak El Baba, Vice President and Country Manager for Visa in Egypt, Libya, and Sudan, said: “This year’s winners reflect the creativity, ambition, and resilience of women entrepreneurs in Egypt. Through She’s Next, Visa is proud to support women-led businesses with the tools, resources, funding, and networks they need to grow, scale, and create lasting impact. We believe that when women entrepreneurs are empowered, they not only grow their own businesses, but also contribute to stronger communities and a more inclusive economy.”.”Hany El-Dieb, Head of Commercial Banking, SMEs & Payment Acceptance at the Commercial International Bank (CIB), added:  “We are delighted to reaffirm our partnership with the She’s Next initiative for the fourth consecutive year, underscoring our deep commitment to supporting women entrepreneurs. This dedication is further demonstrated through this year’s partnership with Shark Tank in order to provide much needed exposure to women entrepreneurs and also our exclusive partnership with EBRD, who this year offered a tailored course to the She’s Next finalists. This course is vital for their growth, equipping participants with the tools, knowledge, and confidence to scale their businesses sustainably. By combining visibility, mentorship, and specialized training, we aim to empower women entrepreneurs to unlock their full potential and drive meaningful change in their communities”.Globally, “She’s Next” Empowered by Visa , is a program that supports women-owned small and medium-sized enterprises worldwide through funding, training, mentorship, and networking opportunities to help them grow and strengthen their economic contribution. Since 2020, Visa has invested more than USD 3.8 million globally through grants, training programs, and targeted initiatives supporting women entrepreneurs and SMEs, reinforcing its commitmen.Visa,CIB,Commercial International Bank,She’s Nexthttps://www.bankygate.com/75402/The-Central-Bank-of-Egypt-Hosts-Two-Delegations-from-the-Bank-of-Ghana-to-Enhance-Cooperation-and-Exchange-Expertise-in-Data-AI-Digital-Transformation-and-Cybersecurityhttps://www.bankygate.com/75402/The-Central-Bank-of-Egypt-Hosts-Two-Delegations-from-the-Bank-of-Ghana-to-Enhance-Cooperation-and-Exchange-Expertise-in-Data-AI-Digital-Transformation-and-CybersecurityThe Central Bank of Egypt Hosts Two Delegations from the Bank of Ghana to Enhance Cooperation and Exchange Expertise in Data, AI, Digital Transformation, and CybersecurityIn line with the Central Bank of Egypts CBE steadfast efforts to strengthen collaboration with fellow African Mon, 27 Jul 2026 12:28:03 +03002026-07-27T12:28:03+03:00In line with the Central Bank of Egypt’s (CBE) steadfast efforts to strengthen collaboration with fellow African central banks, the CBE hosted two delegations from the Bank of Ghana. The first delegation aimed to gain insights into Egypt’s experience in digital transformation, Artificial Intelligence (AI), advanced analytics, data governance, and the development of financial services, while the second delegation focused on leveraging Egypt’s pioneering expertise in cybersecurity. The first delegation’s visit continued for several days, during which members were introduced to the CBE’s experience in building an integrated data management system, including data governance, Supervisory and Regulatory Technology applications (SupTech and RegTech), as well as the use of AI to support monetary policy, inflation forecasting, and labor market indicators. Moreover, the visit covered the CBE’s efforts to upgrade supervisory and oversight mechanisms, data collection and analysis processes, and the use of AI Chatbots, reflecting the CBE’s direction towards adopting modern technologies to support its operations and enhance performance efficiency. The visit included a presentation on the CBE’s Digital Transformation Strategy, Egypt’s experience in developing the digital payments ecosystem, and the efforts to support the transition towards a less-cash society through advancing the national payments infrastructure, strengthening regulatory and legislative frameworks, and launching and developing digital payment systems and services.This was followed by a review of the CBE’s key strategic initiatives, most notably the Instant Payment Network (IPN) and the InstaPay application, Tokenization technologies that support secure digital payments, and the Digital Financial Identity (eKYC) system, which enables electronic customer identification and verification. In a related context, the two-day visit of the second Ghanaian delegation focused on learning from the CBE’s leading experience in cybersecurity. This marked the delegation’s second visit, during which discussions were centered on the operational framework of the Computing Incident Response Team for the Financial Sector (EG-FinCIRT). Supporting secure financial innovation, the visit also covered the governance of digital financial services and reviewed the mechanisms and frameworks for authorizing FinTech applications and modern technological solutions prior to their launch in the local market. The discussions also focused on risk assessment methodologies and the evaluation of cyber resilience through the CBE’s “Egyptian Financial Cybersecurity Framework (EG-FinCSF)”, whose enhanced second version is currently being prepared for launch. This updated version is designed to keep pace with the rapidly evolving global cyber landscape and introduce more flexible and precise supervisory and assessment tools to strengthen the protection of banks and financial institutions. The visits of both Ghanaian delegations align with the CBE's commitment to fostering technical cooperation and capacity-building with African central banks, thereby enhancing financial and banking integration across Africa.   Central Bank of Egypt’s,Central Bank of Egypt,CBE,Bank of Ghanahttps://www.bankygate.com/75360/QNB-Group-Maintains-Disciplined-Execution-Across-Key-Strategic-Priorities-in-Q2https://www.bankygate.com/75360/QNB-Group-Maintains-Disciplined-Execution-Across-Key-Strategic-Priorities-in-Q2QNB Group Maintains Disciplined Execution Across Key Strategic Priorities in Q2 QNB Group, a leading financial institution in the Middle East and Africa, today issued its Q2 2026 Strategic PSun, 26 Jul 2026 12:48:01 +03002026-07-26T12:48:01+03:00QNB Group, a leading financial institution in the Middle East and Africa, today issued its Q2 2026 Strategic Progress Update, highlighting continued execution across innovation, sustainability, and institutional capability development across its international network.During the second quarter, the Group advanced a series of initiatives aligned with its long-term strategic priorities, focused on strengthening economic resilience, supporting future-ready industries, and enabling sustainable growth across key markets.These developments reflect QNB’s disciplined approach to long-term value creation, underpinned by diversified operations, strong governance, and continued investment in innovation and human capability.Abdulla Mubarak Al-Khalifa, Group Chief Executive Officer of QNB, said:“Our Q2 performance demonstrates clear leadership in financing the region's future, from pioneering sustainable energy projects to empowering the next generation of innovators. Our focus remains on supporting economic development, strengthening institutional resilience, enabling innovation, and delivering sustainable long-term value across the markets we serve.The diversity of our international platform, combined with disciplined execution and strong governance, continues to position the Group to navigate evolving market conditions while maintaining focus on responsible growth and customer-centric innovation.” Expanding World Capacity Through Strategic Partnerships and FinancingDuring the second quarter, QNB continued to support strategic sectors and long-term economic development through targeted financing initiatives across its international network.In North Africa, QNB Egypt participated in the landmark financing of Green Sky Capital's US$500 million Sustainable Aviation Fuel (SAF) facility in Egypt's Suez Canal Economic Zone, the largest SAF production facilities in the Middle East and Africa.. The project is expected to produce up to 200,000 tonnes of biofuel per annum, contributing to an annual reduction of up to 500,000 tonnes of carbon dioxide equivalent, underscoring our Corporate Banking division's commitment to financing green infrastructure. The project supports the development of future energy solutions while reinforcing the region's role in emerging sustainable aviation fuel value chainsQNB Egypt also signed a medium-term financing agreement worth EGP 5.5 billion with MARAKEZ to support the continued expansion of the District 5 mixed-use development in East Cairo. The project contributes to broader economic activity through integrated residential, commercial, and lifestyle infrastructure.Further supporting economic development and private sector growth, QNB Egypt signed a credit facility agreement worth EGP 3 billion with GlobalCorp Financial Services Group to support financial leasing and real estate financing activities. The facility is designed to expand access to flexible financing solutions across multiple sectors, supporting investment, business growth, and financial inclusion.QNB Egypt also successfully arranged an EGP 11.98 billion syndicated loan for Kased Khair for General Supplies and Contracting to finance the development of new marine berths at East Port Said Port. The project is expected to strengthen Egypt’s logistics and maritime infrastructure, enhance trade connectivity, and support long-term economic growth.The Group also continued to support energy transition initiatives across its international network. In Türkiye, QNB Türkiye provided USD 38 million in long-term financing to support two landmark renewable energy projects. This strategic funding includes USD 23 million dedicated to a state-of-the-art 36MW self-consumption solar power plant, alongside the structured distribution of the remaining USD 15 million – originating from a partnership initiated in 2025 - to partially finance a 140 MW wind power investment.  These initiatives showcase QNB’s active leadership in financing sustainable, climate-resilient utility infrastructure globally.Together, these initiatives support QNB’s broader role in financing projects that contribute to economic resilience, private sector development, and long-term market growth. Advancing Innovation and Future CapabilityThe Group continued to strengthen its focus on innovation, education, and future workforce capability through initiatives designed to support knowledge-based growth across the countries we operate in.During the quarter, QNB partnered with Carnegie Mellon University in Qatar (CMU-Q) to establish the QNB Center for Business Innovation, a platform focused on advancing business innovation, practical learning, and future-ready talent development.The initiative brings together academic and industry expertise across areas including artificial intelligence, financial literacy, analytics, and leadership engagement, supporting Qatar’s wider ambitions to build a diversified and innovation-driven economy.In parallel, QNB Group continued to strengthen its long-standing Scholarship Programme, supporting Qatari students pursuing studies across strategic disciplines including technology, cybersecurity, finance, economics, engineering, and business management.The Group also continued to support the development of future financial sector leaders through international knowledge-sharing initiatives. During the quarter, QNB Suisse hosted a delegation from the Qatar Leadership Centre (QLC) in Geneva, providing participants with insights into global wealth management, sustainable finance, and the evolving dynamics shaping international financial markets. The engagement reflects QNB’s commitment to developing future leadership capabilities and supporting the growth of specialised financial expertise.Reflecting its commitment to developing high-performing and future-ready workforces across its international network, QNB Indonesia received multiple recognitions at the HR Asia Awards 2026, including the HR Asia Best Companies to Work for in Asia Award and the HR Asia People Transformation Award.In Tunisia, the Group continued to support youth development, innovation, and employee engagement through initiatives including the first edition of the QNB Talent Awards and its participation in the 13th Project Fair organised by Esprit School of Business. These initiatives promoted innovation, entrepreneurship, and sustainable development while strengthening engagement with students, academics, and future talent.Together, these initiatives reflect QNB’s continued investment in innovation ecosystems, human capability development, employee engagement, and the next generation of regional talent.Creating and Delivering ValueQNB continued to strengthen its position as one of the region’s leading financial institutions through strong performance, international reach, and continued focus on customer value.During the period, QNB remained the most valuable banking brand in the Middle East and Africa according to Brand Finance, with a brand value of USD 10.3 billion and a global ranking among the world’s 50 most valuable banking brands. The Group’s Brand Strength Index (BSI) remained stable at 86, reflecting continued trust among customers and stakeholders.The Group also continued to receive international recognition for its performance and contribution to economic development. The Group was named Best Trade Finance Provider in Qatar 2026 by Global Finance, reaffirming its leadership in delivering innovative and client-centric trade finance solutions.In addition, QNB was honoured by the French Chamber of Commerce (CCI France Qatar) in recognition of its investments in France and its role in strengthening economic cooperation between the State of Qatar and the French Republic.The Group also participated in major international forums focused on strengthening economic cooperation and investment flows between the Arab world and Europe. This included Golfe Vision 2026 in Paris, a leading platform for dialogue between France and the Gulf region, as well as the Arab-German Business Forum in Berlin, held under the theme “Building Bridges Between Germany and the Arab World.” Through its participation, QNB contributed to discussions on trade, investment, and opportunities for deeper cross-border collaboration, reinforcing its commitment to strengthening commercial ties between regional and international markets.Strengthening Sustainability and Institutional ResilienceSustainability remains integrated across QNB Group’s financing activities, operations, and long-term strategic priorities.During the quarter, QNB Group was named “Sustainable Lender of the Year” at the 2026 Middle East Transition Finance Awards organised by Environmental Finance, recognising the Group’s role in advancing sustainable finance across the region. This award reflects the impact of our sustainable finance framework, which guided the deployment of over US$11 billion towards green, social, and sustainability-linked projects.QNB also continued to strengthen its institutional positioning internationally through recognition across capital markets and corporate rankings. The Group was named Emerging Markets – Middle East Issuer of the Year at the inaugural GlobalCapital MTN Awards 2026, reflecting investor confidence in QNB’s diversified funding strategy and financial resilience.In parallel, QNB Group was ranked among Forbes Middle East’s 100 Most Valuable Companies for 2026, reinforcing the Group’s strong market position and institutional strength.Collectively, these achievements reflect QNB’s continued focus on sustainable growth, prudent governance, and long-term value creation across its international operations.Supporting Communities and Inclusive DevelopmentThe Group continues to support initiatives that contribute positively to the wellbeing of the communities in which it operates.As part of its Eid Al Adha community engagement activities, QNB Qatar organised visits to Enaya Specialized Care Centers, providing support and gifts to patients as part of efforts to promote wellbeing and community connection during the festive period.In Tunisia, QNB supported a multidisciplinary medical caravan at the Regional Hospital of Mareth, helping improve access to healthcare services and specialist consultations for children and families in the surrounding communities.These initiatives form part of QNB’s broader approach to social responsibility and inclusive development.OutlookAs regional and international markets continue to evolve, QNB remains focused on disciplined execution across its strategic priorities while maintaining a long-term approach to sustainable growth and institutional resilience.The Group will continue to strengthen innovation capability, support strategic sectors through responsible financing, and further integrate sustainability across its operations and client activities.Looking ahead to Q3 2026, QNB Group will continue to build on its strong momentum by advancing a number of strategic priorities. The Group will further strengthen its leadership in sustainable finance while continuing to accelerate the development of its digital banking capabilities to enhance the customer experience. At the same time, the Asset & Wealth Management division will expand its discretionary mandate offering across key local and international markets, supporting clients with increasingly sophisticated investment solutions. Backed by disciplined execution, robust governance and a resilient international franchise, QNB Group remains well positioned to capture new opportunities and deliver sustainable long-term growth across its markets.https://www.bankygate.com/75353/NatWest-Faces-Scrutiny-After-250-Million-Funding-of-Failed-Consumer-Lender-Revealedhttps://www.bankygate.com/75353/NatWest-Faces-Scrutiny-After-250-Million-Funding-of-Failed-Consumer-Lender-RevealedNatWest Faces Scrutiny After £250 Million Funding of Failed Consumer Lender RevealedOfficial filings have revealed that Britains NatWest provided financing facilities of up to 250 million to LonSun, 26 Jul 2026 11:43:37 +03002026-07-26T11:43:37+03:00Official filings have revealed that Britain’s NatWest provided financing facilities of up to £250 million to London-based consumer lender Amplifi Capital before the company entered insolvency, highlighting banks’ growing exposure to non-bank financial institutions (NBFIs) amid increasing regulatory scrutiny.According to a Reuters review of corporate filings, NatWest financed Castor Financing between 2023 and 2025. The special purpose vehicle purchased loan portfolios from Amplifi Capital and securitized them, providing the primary source of funding for the lender’s expansion in the unsecured consumer credit market.Amplifi Capital, which reported £119 million in total assets in its latest financial statements for the year ended March 2024, entered insolvency proceedings in June after struggling to comply with new UK consumer credit regulations.The filings show that Amplifi secured a £100 million securitisation warehouse facility from NatWest in September 2023 to support its lending growth. The facility was subsequently increased to £250 million in March 2025, according to Vienna Stock Exchange records relating to the securitised notes.The documents also reveal that UK asset manager M&G participated in the financing by holding up to £56 million of Castor’s Class B notes. M&G said it continued to support Amplifi during its financial difficulties, including deferring interest payments in an effort to help the business remain operational.NatWest and Interpath, the administrator overseeing Amplifi’s insolvency, declined to comment. Amplifi’s former chief executive and chairman did not respond to requests for comment, while both the Bank of England and the Financial Conduct Authority (FCA) declined to comment, citing their policy of not discussing individual firms.Founded in 2013 as a lender serving credit unions, Amplifi expanded into unsecured consumer lending in 2022 through its Reevo brand, offering personal loans with interest rates ranging from 23% to 50%.To finance its expansion, Amplifi sold portions of its loan portfolio to Castor Financing, which securitized the assets and issued notes to investors, including NatWest, giving the bank indirect exposure to higher-risk consumer lending.The case comes as global regulators, led by the Bank of England, continue to assess the potential systemic risks posed by non-bank financial institutions following a series of high-profile failures, including the collapse of UK mortgage lender Market Financial Solutions, which owed approximately £1.8 billion.According to the European Central Bank, European banks’ exposure to non-bank financial institutions increased to 11% of total assets by the end of 2025, up from around 6% a decade earlier, reflecting the sector’s growing importance within the financial system.Amplifi’s latest financial statements also showed the company swung to a £100,000 loss in the year ended March 2024, compared with a £5.5 million profit the previous year, as new regulatory requirements and weakening business performance ultimately contributed to its collapse.NatWesthttps://www.bankygate.com/75272/QNB-Group-Wins-Multiple-Euromoney-Awards-for-Excellence-2026-Reinforcing-Regional-Leadership-in-Digital-Banking-and-ESGhttps://www.bankygate.com/75272/QNB-Group-Wins-Multiple-Euromoney-Awards-for-Excellence-2026-Reinforcing-Regional-Leadership-in-Digital-Banking-and-ESGQNB Group Wins Multiple Euromoney Awards for Excellence 2026, Reinforcing Regional Leadership in Digital Banking and ESGQNB Group, a leading financial institution in the Middle East and Africa, has been recognised with four major Wed, 22 Jul 2026 13:51:39 +03002026-07-22T13:51:39+03:00QNB Group, a leading financial institution in the Middle East and Africa, has been recognised with four major titles at the Euromoney Awards for Excellence 2026, reinforcing its continued leadership across digital banking, customer experience, sustainability, and inclusive growth. The Group was awarded Qatar’s Best Digital Bank, Qatar’s Best Bank for Digital Customer Experience, Qatar’s Best Bank for ESG, and Middle East’s Best Bank for Diversity and Inclusion. These recognitions build on QNB Group’s consistent track record of accolades from Euromoney in recent years, reflecting continuous leadership across digital innovation, customer experience, and ESG integration. Mr. Adel Ali Al-Malki, Senior Executive Vice President - Group Retail Banking at QNB, said: “Receiving these prestigious awards is a testament to our strategic vision and unwavering commitment to customer-centricity and delivering best-in-class digital first solutions. We continue to invest in innovation, technology, and customer experience to advance our digital capabilities, setting new benchmarks for digital banking excellence in Qatar and beyond”  The awards also highlight the Group’s sustained investment in digital transformation, advanced digital technologies, enabling seamless, secure, and intuitive banking experiences, while reinforcing its commitment to embedding sustainability and responsible business practices at the core of its strategy. Recognition for diversity and inclusion further underscores QNB’s focus on building a high-performing and inclusive workplace aligned with global standards. Commenting on this achievement, Mrs. Najla Ibrahim Al-Mutawa, Executive Vice President of Group Strategy and Business Development at QNB, said: “These recognitions reflect our continued focus on building a future-ready banking group, driven by innovation, sustainability, and a deep commitment to delivering exceptional customer experiences. As we expand our international footprint, we remain focused on strengthening our digital capabilities, embedding sustainability across our operations, and fostering an inclusive culture that enables long-term value creation for our customers, shareholders, and communities.” The Euromoney Awards for Excellence are among the most respected in the global financial industry, recognising institutions that demonstrate strong performance, innovation, and impact across markets. In addition to these awards, QNB Group’s efforts to provide seamless digital banking experience were recognized by five international awards recently. The recognitions include “Best Multi-Channel Offering” for Middle East and North Africa, “Best Digital Bank” in Qatar, “Excellence in Omni-Channel Customer Experience” in Middle East, “Best Mobile Banking App” in Qatar and  “Best in Social Media Marketing and Services” in Qatar   QNB Group is a leading financial institution in the Middle East and Africa, operating a diversified international banking platform across more than 28 countries and serving millions of customers worldwide. With a strong foundation in Qatar and the GCC, the Group supports corporates, institutions, and individuals through an extensive global network.<div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/07/22/$Id$/WhatsApp_Image_2026-07-22_at_1_45_07_PM_20260722135135.jpg"></div> QNB Grouphttps://www.bankygate.com/75244/US-Federal-Reserve-Warns-of-Advanced-AI-Model-Risks-Amid-Access-Delayshttps://www.bankygate.com/75244/US-Federal-Reserve-Warns-of-Advanced-AI-Model-Risks-Amid-Access-DelaysUS Federal Reserve Warns of Advanced AI Model Risks Amid Access DelaysThe US Federal Reserve has warned about the cybersecurity risks posed by Claude Mythos Preview, an advanced arWed, 22 Jul 2026 09:44:40 +03002026-07-22T09:44:40+03:00The US Federal Reserve has warned about the cybersecurity risks posed by Claude Mythos Preview, an advanced artificial intelligence model developed by Anthropic, despite being unable to access the model itself for several months. The situation has raised concerns about the central bank’s ability to keep pace with rapidly evolving cyber threats.According to reports, the Federal Reserve and the US Department of the Treasury held a special meeting with senior banking executives in April to warn them about the model’s advanced capabilities, particularly its ability to identify security vulnerabilities. By that time, several financial institutions had already begun strengthening their cyber defenses using the technology.Anthropic said that around 50 organizations were granted access to the model through its Project Glasswing initiative, including major financial institutions such as JPMorgan Chase and leading technology companies including Amazon, Apple, and Google. Meanwhile, the Federal Reserve reportedly continued seeking access until mid-July.Speaking before the US Senate, Federal Reserve Chairman Kevin Warsh said the central bank does not control access to the model, emphasizing that financial institutions should be able to use advanced AI systems to better protect themselves against increasingly sophisticated cyber threats.In June, Anthropic temporarily disabled the updated Mythos 5 model to comply with US national security directives. The model was later reactivated for a limited number of approved partners following authorization from the US Department of Commerce.The developments come as the administration of President Donald Trump expands its role in regulating the artificial intelligence sector, amid a series of high-profile resignations involving senior officials responsible for AI policy.At the same time, competition has intensified after Chinese startup Moonshot AI launched its Kimi K3 model, which outperformed several US AI models in benchmark tests, fueling concerns across the technology and policy communities over China’s accelerating progress in artificial intelligence.Former White House AI adviser David Sacks described the performance of the Chinese model as “concerning,” arguing that the United States is “tying itself in knots” with restrictive policies that could undermine its position in the global AI race.Daniel Newman, CEO of research firm Futurum, said the Federal Reserve’s lack of access to the latest AI models leaves it “playing catch-up,” adding that major financial institutions face continuous waves of innovation from both the United States and China, placing additional pressure on the resilience of the US financial system.cybersecurity risks,Claude Mythos Preview,US Federal Reservehttps://www.bankygate.com/75220/Bank-NXT-launches-a-co-branded-Visa-credit-card-for-EFG-Hermes-ONE-customershttps://www.bankygate.com/75220/Bank-NXT-launches-a-co-branded-Visa-credit-card-for-EFG-Hermes-ONE-customersBank NXT launches a co-branded Visa credit card for EFG Hermes ONE customersBank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, and EFG Hermes, thTue, 21 Jul 2026 13:25:24 +03002026-07-21T13:25:24+03:00Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, and EFG Hermes, the leading investment bank in MENA, announced the launch of the EFG Hermes ONE x Bank NXT credit card by Visa, following approval from the Central Bank of Egypt.Designed for EFG Hermes ONE clients, the new co-branded card brings together Bank NXT’s retail banking capabilities and EFG Hermes ONE’s digital investment platform, creating a more integrated financial experience that connects everyday spending with long-term wealth-building.The card is built around a simple proposition: making daily spending more rewarding. Cardholders will be able to earn cashback on transactions, with rewards credited directly to their EFG Hermes ONE wallets. Clients may then use these rewards within the platform, giving them the opportunity to reinvest their cashback and grow their portfolios over time.The EFG Hermes ONE x Bank NXT credit card will also offer a range of lifestyle and financial benefits, including complimentary access to select airport lounges worldwide and flexible installment plans with repayment tenors of up to 60 months.“We are pleased to partner with EFG Hermes to launch a rewarding credit card that makes everyday spending more valuable while offering customers greater flexibility, convenience, and choice,” said Iman Badr, Deputy CEO, Consumer Banking, Marketing, and Financial Inclusion at Bank NXT. “As Egypt’s first co-branded credit card between a bank and a brokerage firm, the EFG Hermes ONE x Bank NXT credit card reflects our commitment to customer-centric innovation. By leveraging capabilities across EFG Holding, we are unlocking synergies that deliver best-in-class financial services and meet the evolving needs of customers in Egypt.”Ahmed Waly, Global Head of Brokerage at EFG Hermes, said: “We are excited to introduce this smart product to EFG Hermes ONE clients in partnership with Bank NXT. EFG Hermes ONE has been a trusted trading app for years, backed by the leading brokerage platform in the MENA region. Our goal has always been to provide clients with services that support their financial well-being and respond to their everyday needs. By offering a credit card that rewards clients with cashback credited directly to their EFG Hermes ONE wallets, we are helping them continue building their investments, even as they spend.”The planned card launch follows the recent introduction of five mutual funds on the EFG Hermes ONE app, giving users access to a curated selection of investment products managed by EFG Hermes’ award-winning asset management team. Together, these initiatives reflect EFG Hermes ONE’s broader strategy to expand access to investment solutions, simplify the client journey, and strengthen the app’s position as a comprehensive digital gateway for wealth building.The Bank NXT x EFG Hermes ONE credit card will be available to eligible EFG Hermes ONE clients. Card issuance, eligibility, and credit limits will be subject to each client’s investment portfolio size, applicable assessment criteria, and terms and conditions.credit card,EFG Hermes ONE,Hermes ONE x Bank NXT credit card,Bank NXThttps://www.bankygate.com/75136/ABC-Bank-Egypt-Hosts-Masar-Summer-Internship-Program-for-Banking-Sciences-Studentshttps://www.bankygate.com/75136/ABC-Bank-Egypt-Hosts-Masar-Summer-Internship-Program-for-Banking-Sciences-StudentsABC Bank Egypt Hosts "Masar" Summer Internship Program for Banking Sciences StudentsSun, 19 Jul 2026 18:56:57 +03002026-07-19T18:56:57+03:00In line with “Masar” initiative launched by the Central Bank of Egypt, Bank ABC Egypt was delighted to host the Professional Banking Foundation Summer Training Program for students pursuing a Bachelor’s degree in Banking Sciences.  Throughout the program, interns gained valuable hands-on exposure to the Bank’s diverse departments, business functions, professional standards and code of conduct, equipping them with practical knowledge and real-world banking experience.  At Bank ABC Egypt, we remain committed to empowering young talents and contributing to the development of a new generation of skilled Egyptian bankers ready to shape the future of the financial sector.ABC BANK,MASARhttps://www.bankygate.com/75113/CIB-Wins-Euromoneys-Best-Bank-in-Egypt-Award-for-2026https://www.bankygate.com/75113/CIB-Wins-Euromoneys-Best-Bank-in-Egypt-Award-for-2026CIB Wins Euromoney’s Best Bank in Egypt Award for 2026Commercial International Bank CIB has been named Best Bank in Egypt 2026 by Euromoney, one of the worlds leadiSun, 19 Jul 2026 11:24:23 +03002026-07-19T11:24:23+03:00Commercial International Bank (CIB) has been named Best Bank in Egypt 2026 by Euromoney, one of the world’s leading financial publications, in recognition of its strong financial performance, disciplined execution, and continued leadership in digital innovation.According to Euromoney, CIB has further strengthened its position as Egypt’s leading private-sector bank through a strategy focused on scale, digital transformation, and operational excellence across all major business lines.Marking its 50th anniversary in 2025, the bank delivered outstanding financial results, reporting a 49% increase in net income to EGP 82.1 billion (US$1.7 billion), reflecting the strength of its business model and its ability to generate sustainable value for shareholders.Euromoney also highlighted CIB’s exceptional operational efficiency, with a cost-to-income ratio of 14%, one of the strongest in the market, alongside a capital adequacy ratio of 27%, underscoring the bank’s robust financial position and resilience.The award reflects CIB’s continued success in executing its long-term strategy, combining strong financial performance with innovation, digital transformation, and customer-focused banking solutions, further cementing its position as one of Egypt’s and the region’s leading financial institutions.one of the world’s,Euromoney,Commercial International Bank,CIBhttps://www.bankygate.com/74886/The-Central-Bank-of-Egypt-Launches-Cohort-5-of-%C2%A0Generative-AI-in-Finance-program-for-the-Professionals-in-Banking-and-Financial-Sectorshttps://www.bankygate.com/74886/The-Central-Bank-of-Egypt-Launches-Cohort-5-of-%C2%A0Generative-AI-in-Finance-program-for-the-Professionals-in-Banking-and-Financial-SectorsThe Central Bank of Egypt Launches Cohort 5 of “Generative AI in Finance” program for the Professionals in Banking and Financial Sectors Within the framework of the Central Bank of Egypts CBE FinTech and Innovation Strategy, aiming to transform EgSun, 12 Jul 2026 13:51:51 +03002026-07-12T13:51:51+03:00Within the framework of the Central Bank of Egypt’s (CBE) FinTech and Innovation Strategy, aiming to transform Egypt into a leading regional hub for the FinTech industry at both the Arab and African levels, the CBE launched the 5th cohort of the “Generative AI in Finance” program.This program is driven by the CBE’s role as a key supporter for adopting advanced digital technologies -particularly Artificial Intelligence, and is purposed to equip professionals and specialists in the banking and financial  sectors with the necessary skills to excel in an AI-driven world. “Generative AI in Finance” is a  program introduced by Digital Academy, powered by FinTech Egypt (CBE’s initiative) and in partnership with the Egyptian Banking Institute (EBI) and the Centre for Finance, Technology and Entrepreneurship (CFTE) in UK, to develop the skills of banking and financial talents in FinTech field. The program explores the full landscape of Generative AI fundamentals, Large Language Models (LLM) in practice, along with predictive analytics, and AI-enhanced financial modelling. Additionally, the program includes decision intelligence, natural language applications, operational efficiency, AI regulations, legal AI, and the strategy to lead transformation, not just adopt it. * For registration:<a href="https://fintech-egypt.com/Generative-AI-Finance" target="_blank"> Click here</a>Central Bank of Egypt,CBEhttps://www.bankygate.com/74660/Lesha-Bank-acquires-51-stake-in-Education-Holding-owner-of-Sherborne-Qatar-for-QAR-1925-millionhttps://www.bankygate.com/74660/Lesha-Bank-acquires-51-stake-in-Education-Holding-owner-of-Sherborne-Qatar-for-QAR-1925-millionLesha Bank acquires 51% stake in Education Holding, owner of Sherborne Qatar, for QAR 192.5 millionLesha Bank has announced the completion of its acquisition of a 51% stake in Education Holding, the owner of SSun, 05 Jul 2026 10:30:00 +03002026-07-05T10:30:00+03:00Lesha Bank has announced the completion of its acquisition of a 51% stake in Education Holding, the owner of Sherborne Qatar, in a deal valued at approximately QAR 192.5 million.According to the bank, the transaction follows the Share Purchase Agreement signed in early May and was completed through LB Education Services, a wholly owned subsidiary of LB Education GP 2 Fund, which is managed by Lesha Bank.The bank said the investment aims to strengthen its partnership with the existing shareholders and support the development and expansion of Sherborne Schools in Qatar, as well as across the Middle East and North Africa (MENA) region.Lesha Bank added that the acquisition reflects its commitment to investing in high-quality education assets and supporting institutions with strong long-term growth potential.Lesha Bank,Sherborne Qatarhttps://www.bankygate.com/74382/Suez-Canal-Bank-launches-the-first-Prive-Day-event-at-the-Rehab-Branchhttps://www.bankygate.com/74382/Suez-Canal-Bank-launches-the-first-Prive-Day-event-at-the-Rehab-BranchSuez Canal Bank launches the first ‘Prive Day’ event at the Rehab BranchIn line with Suez Canal Banks strategic direction to enhance customer engagement, elevate the overall banking Wed, 24 Jun 2026 10:17:38 +03002026-06-24T10:17:38+03:00In line with Suez Canal Bank’s strategic direction to enhance customer engagement, elevate the overall banking experience, and reinforce the Privé segment as the preferred choice for clients seeking a more sophisticated and value‑driven relationship.The event was organized by the Bank’s retail banking department team  in collaboration with the branches department, with the aim of introducing the enhanced benefits of the Privé segment, which include personalized relationship management, priority services, in addition to financial solutions and lifestyle services tailored to clients’ needs and aspirations.The event contributed to strengthening direct communication with existing clients, where several clients were met during the event, attracting eligible clients to join the Privé segment and highlighting the benefits of the Visa Infinite Privilege credit card, which offers an exceptional experience combining financial strength, travel privileges, and exclusive services designed for premium clients. Additional events are planned during the coming period to continue engaging with the remaining clients.Privé benefits and services include a range of non-banking services, including concierge services, premium healthcare services in collaboration with Alameda Group, in addition to artwork and valuable collectibles evaluation services, allowing clients to benefit from specialized consultations for managing and evaluating their art assets within an integrated banking experience.<div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/06/24/$Id$/3343fd7a-3b9b-4a99-b91c-caecd1710061_20260624101715.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/06/24/$Id$/ddd8cd8a-0028-4671-ac14-71f787567ff7_20260624101719.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/06/24/$Id$/9c3a8ffe-70ce-49a0-b175-80d1dacb380d_20260624101725.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/06/24/$Id$/cd0ef242-71c0-409e-a10a-3f5c2f83e999_20260624101728.jpg"><div class="caption"> </div></div><div class="full-width clearfix"><img src="https://www.bankygate.com/UserFiles/NewsInnerImages/2026/06/24/$Id$/ac304c7d-8e34-4e00-9bf9-992c21c36798_20260624101731.jpg"></div> Suez Canal Bankhttps://www.bankygate.com/74291/CBE-and-COMESA-Clearing-House-Organize-Sensitization-Workshop-to-Promote-the-Regional-Payment-and-Settlement-System-REPSShttps://www.bankygate.com/74291/CBE-and-COMESA-Clearing-House-Organize-Sensitization-Workshop-to-Promote-the-Regional-Payment-and-Settlement-System-REPSSCBE and COMESA Clearing House Organize Sensitization Workshop to Promote the Regional Payment and Settlement System (REPSS)The Central Bank of Egypt CBE, in cooperation with the COMESA Clearing House CCH, hosted a sensitization worksMon, 22 Jun 2026 11:03:57 +03002026-06-22T11:03:57+03:00The Central Bank of Egypt (CBE), in cooperation with the COMESA Clearing House (CCH), hosted a sensitization workshop on the Regional Payment and Settlement System (REPSS). The workshop was held with the participation of representatives from banks operating in Egypt, several CBE officials from the Banking Operations, Payment Systems, and African Cooperation sectors, as well as experts from the CCH. This event comes as part of the CBE’s ongoing efforts to enhance financial and economic integration with African countries. It aims to support regional initiatives that facilitate intra-African trade and investment by developing and expanding the use of secure and efficient regional payment systems. In her opening remarks, Dr. Naglaa Nozahie, Governor’s Advisor for African Affairs at the CBE, reaffirmed the Bank’s commitment to support initiatives that advance financial integration across Africa. She also highlighted the strategic importance of the REPSS as the first integrated regional payment and settlement system in the COMESA region, which enables member states to execute and settle cross-border payments with greater efficiency, speed, and lower costs, along with reducing reliance on correspondent banks. She added that since joining the system in 2017, the CBE has continuously worked to raise awareness of its advantages and encourage banks operating in Egypt to utilize it. However, the current usage levels remain below the system’s full potential, underscoring the need to intensify collective efforts to expand its adoption and maximize the value it delivers to financial institutions and their customers. For her part, Ms. Jedidah Ndebele, Chief Executive Officer of the CCH, reiterated the importance of sustained joint efforts to promote the use of the REPSS system as a key pillar of financial and trade integration among COMESA countries. She noted that capitalizing on the system’s benefits requires a deeper understanding of the challenges that face the participating banks and a collective action to address them. She also reviewed the CCH’s efforts to advance the regional payments system and keep abreast of digital transformation through the development of new initiatives aimed at streamlining cross-border payments and boosting trade and investment among member states. The workshop featured a comprehensive review by the CCH’s representatives on the operational mechanisms of the REPSS, highlighting the benefits it offers to banks and financial institutions, as well as the opportunities available for the Egyptian banking sector to harness the system in supporting trade and investment transactions with COMESA member states. It also examined the operational, technical, and regulatory challenges that may impact the system's usage, with the aim of identifying practical solutions to address them and enhance its efficiency. During the workshop, they also showcased the latest developments in the regional digital payment initiatives currently under development, which aim to facilitate cross-border payments for individuals, thereby promoting financial inclusion and advancing regional trade. In this context, participants emphasized the importance of continued collaboration and coordination among the CBE, the CCH, and commercial banks to raise awareness of the REPSS advantages and promote its wider adoption, thereby boosting intra-regional trade and economic integration. At the end of the workshop, the CBE commended the efforts of the COMESA Clearing House and all participating stakeholders in ensuring the success of the event, reaffirming its continued dedication to supporting initiatives aimed at developing financial infrastructure and fostering economic and financial integration across Africa.  CCH,CBE,The Central Bank of Egypt,COMESA Clearing Househttps://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.Visa,Mastercard,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.Digital Payments,Mastercard,QNB Group,Syria,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> Central Bank of Egypt,Hassan Abdalla,Afreximbank,CBEhttps://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.Commercial International Bank,net profit,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.J.P. Morgan,payments,powering paymentshttps://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,GlobalCorp,inancial Services,Arab African International Bankhttps://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,Spring meetings,IMF,Hassan Abdullahhttps://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.Bank of America,financial resultshttps://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,SpaceX,Reutershttps://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,Bank NXT,financial resultshttps://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.Stability Indicators,Central Bank,Egypt’s Banking Sectorhttps://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,Al Rawi Storyteller Award,Suez Canal Bankhttps://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.Geneva International Cooperation,African Development Bankhttps://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.UK mortgage,UK Lender MFS,Wall Street,Market Financial Solutions Ltdhttps://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,Lucky,Suez Canal Bankhttps://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.