Credit Agricole Egypt reported a 4.28% year-on-year rise in consolidated profit for the nine months. Standalone net profit after tax reached about $97 million (E£5.45bn) against about $91 million (E£5.13bn) a year earlier.
Tanmiya has closed a fund at $130 million, below the earlier $150 million target. The European Investment Bank committed $38 million in an announcement on 26 October.
From April 2027, consumer finance companies must consult a score from the I-Score private credit bureau before approving financing, under a new Financial Regulatory Authority rule. The rule supports greater machine-driven decisions in lending, drawing on alternative data.
Banque du Caire will begin trading on the Egyptian Exchange under the ticker BQDC on November 2. The listing follows completion of its public and private offerings on October 29.
The MNT-Halan board raised issued capital from about $2.9 million (E£160m) to about $3.2 million (E£176m) by issuing 163.265 million shares at the IPO price of about $0.44 (E£24.5). The decision follows the October 20 EGX listing, in which the parent sold a 20 percent stake.
The Central Bank of Egypt has issued a circular requiring banks to obtain its prior approval before amending investment policies of affiliated investment funds where the change alters the fund's nature. The rule applies to banks operating in the domestic market and was also flagged on the CBE's own search pages.
MNT Investments BV subscribed to 163.27 million new shares at the EGP 24.50 offer price, and the about $71 million (E£4bn) increase is fully paid. Half of the IPO proceeds are now back inside the listed company.
Cabinet approved the sale of 30% to 45% of Banque du Caire on the Egyptian Exchange, and the regulator approved a larger offering share. The bank priced its IPO at the top of the range at E£5.3 a share after institutional orders of EGP 205.8bn in the private tranche.
Planning Minister Ahmed Rostom said debts and financial entanglements of about $7.2 billion (E£402bn) between the National Investment Bank and government bodies have been settled since February 2026. The settlement resolves more than 95% of the bank's non-performing assets as part of a restructuring ahead of its conversion into a new institution.
Fawry's subsidiary Fawry Consumer Finance received preliminary FRA approval to add factoring to its activities. It plans to offer invoice financing to MSMEs once it gets the final licence.
The CBE issued new controls on bank financing of consumer finance companies, tightening supervision of this lending channel. Lenders are reassessing instalment and card-based consumer finance plans in response.
MIDBANK has received FRA approval to set up a digital finance company focused on small and medium enterprises. The approval is for establishment, so the company still needs to be set up and licensed.
The Central Bank of Egypt and the Financial Regulatory Authority said stress tests on the ten largest banks, about 80% of sector assets, showed low to moderate capital and liquidity risk. The tests cover macroeconomic and climate scenarios and are continuously updated.
Central Bank of Egypt data show banks reduced investments in treasury bills and securities by about EGP 482 billion in Q2 2026, to EGP 8.136 trillion. Lending and discount balances rose over the same period.
The Financial Regulatory Authority approved raising the Banque du Caire IPO sale from 30% to 45% of capital, lifting the offer to about EGP 36.4 billion. Foreign cornerstone investors including EBRD and IFC committed up to USD 256 million, and the public tranche was reported at nearly double its allotment.
