The Banky Bulletin tracks the key moves in Egypt's banking sector. Topping the news, the Central Bank of Egypt (CBE) stressed that its prior approval is required before banks amend the investment policies of their affiliated investment funds, according to a circular issued on 27 October 2026. Meanwhile, QNB Egypt opened a new branch at the Ameriya Dry Port in Alexandria to support trade and logistics and provide integrated banking services for companies.
CBE stresses its prior approval is required to amend the policies of bank-affiliated investment funds
The Central Bank of Egypt stressed that banks must obtain its prior approval before making any change to the investment policy of their affiliated investment funds, in a circular dated 27 October 2026, as part of the rules governing banking activities and the monitoring of bank-affiliated investment funds.
For more details, click here
QNB Egypt opens a new branch at the Ameriya Dry Port to support trade and logistics
QNB Egypt has opened its new branch at the Ameriya Dry Port in Alexandria, coinciding with the opening of the port, as part of its strategy to support trade and logistics and provide integrated banking services that meet companies' needs and facilitate their financial transactions.
For more details, click here
Arab African International Bank wins the Banking In-House Team of the Year award at the Legal Era Middle East Law Awards 2025–2026
Arab African International Bank has won the Banking In-House Team of the Year award at the Legal Era Middle East Law Awards 2025–2026, taking the award outright in its category after competing against 14 other international financial institutions on the final shortlist, an achievement that reflects the bank's excellence and professional standing in the banking sector.
For more details, click here
Suez Canal Bank files documents to raise its capital to EGP 15 billion through bonus shares
The Egyptian Exchange (EGX) announced that Suez Canal Bank has submitted documents to list the shares of a capital increase raising its issued and paid-in capital from EGP 10 billion to EGP 15 billion, an increase of EGP 5 billion, through the issue of 500 million shares (distributed as bonus shares) at a par value of EGP 10 per share. The increase is funded from the shareholders' share of the profit distributions shown in the financial statements as of 31-12-2025.
For more details, click here
Banking sector accounts for 11.92% of EGX liquidity in Tuesday's 27 October session, with trading above EGP 975.13 million
The banking sector saw trading worth about EGP 975.13 million during the session on Tuesday, 27 October 2026, accounting for 11.92% of the total value traded on the Egyptian Exchange.
That concludes the "Banky" Bulletin. Join us tomorrow for a new bulletin and exclusive coverage of the latest and most important news in banking and finance.
Comments
No comments yet. Be the first!