The Banky bulletin rounds up today's top events in banking and finance: Banque du Caire announced Cabinet approval to offer a stake of between 30% and 45% of the bank's shares on the Egyptian Exchange; a Banky poll found that around 84% of participating Banky readers expect the Central Bank of Egypt (CBE) to hold interest rates at its meeting tomorrow, Thursday; Commercial International Bank – Egypt (CIB) was named in the "TAB Global 1000" ranking of the world's 1000 strongest banks for 2026; and the first co-financed mortgage contract was signed between United Finance, a subsidiary of The United Bank, and Tamweel Mortgage Finance, part of Tamweel Holding Group, worth EGP 120 million to finance housing units for individuals. Read the details.

Cabinet Approves Raising Banque du Caire's Stake Offered on the Stock Exchange to 45%

Banque du Caire has announced that the Cabinet has approved offering a stake of between 30% and 45% of the bank's shares on the Egyptian Exchange, under a decision issued at the Cabinet's session No. 116 held on October 22, 2026.

A letter addressed to the Financial Regulatory Authority (FRA) explained that the approval is part of the procedures for offering a stake in Banque du Caire, in coordination with its owner, Banque Misr.

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Poll: 84% of Banky Readers Expect the Central Bank to Hold Interest Rates Tomorrow

The Monetary Policy Committee of the Central Bank of Egypt holds its 7th meeting of 2026 on Thursday, October 29, 2026, to decide on deposit and lending rates, after keeping them unchanged at its last meeting in September, amid growing expectations among institutions and investment banks that rates will be held at current levels.

A poll conducted by Banky found that around 84% of participating readers expect the Central Bank of Egypt to hold interest rates at its meeting tomorrow, Thursday, while around 15% expect a rate hike and 1% expect a rate cut.

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Commercial International Bank – Egypt (CIB) Named in the "TAB Global 1000" Ranking of the World's 1000 Strongest Banks for 2026

Commercial International Bank – Egypt (CIB) has been named in the "TAB Global 1000" ranking of the world's 1000 strongest banks for 2026, which assesses the financial strength of banking institutions on a set of indicators covering balance-sheet strength, profitability, asset quality and liquidity.

The results showed the bank achieving the maximum score on several indicators, including capital adequacy, return on assets, operating efficiency as measured by the cost-to-income ratio, and provision coverage of non-performing loans, as well as the liquidity and liquidity coverage indicators.

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United Finance, a Subsidiary of The United Bank, and Tamweel Sign First Co-Financed Mortgage Contract Worth EGP 120 Million

The first co-financed mortgage contract has been signed between United Finance, a subsidiary of The United Bank, and Tamweel Mortgage Finance, part of Tamweel Holding Group, worth EGP 120 million to finance housing units for individuals. The two companies are targeting co-financed mortgage contracts worth up to EGP 500 million during the current month.

The contract was signed by Ahmed Adel Hammouda, Head of Business at United Finance, and Karim El Batouty, CEO of Tamweel Mortgage Finance, in the presence of Maher Abousteit, Chairman of United Finance, and Mohamed El Kahky, Chairman of Tamweel Holding.

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Banking Sector Accounts for 7.70% of Egyptian Exchange Turnover on Wednesday, October 28 .. Trading Tops EGP 510 Million

The banking sector recorded trading worth around EGP 510.24 million in Wednesday's session on October 28, 2026, accounting for 7.70% of the total value traded on the Egyptian Exchange.

The volume traded in banking stocks reached around 6.96 million securities, or 0.32% of total market volume, while the sector's market capitalization stood at around EGP 865.98 billion, accounting for 23.44% of the Egyptian Exchange's total market capitalization.

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That concludes today's Banky bulletin. Join us tomorrow for a new bulletin and exclusive coverage of the latest and most important news in banking and finance.