NBE, Banque Misr collect EGP 400bn from their 25% certificates
The National Bank of Egypt revealed that the balance of the certificates of 25% and 22.5% had reached EGP 260bn.
Hossam Mounir
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292k tonnes of fodder supplies worth $135m released from customs in one week: Agriculture Minister
Total released fodder requirements from 16 October 2022 to 19 January 2023 amounted to 2.156 million tonnes of $1.063bn
Outstanding T-bills, bonds record EGP 4.309trn in 2022: Finance Ministry
EGP 1.727trn in T-bills and EGP 2.582trn in bonds
Egyptian banking sector expected to maintain strength, financial resilience: CBE
Banks operating in Egypt are capable of facing crises, providing finance for various sectors
NBE offers EGP 723.5m worth loan to Al Hokair’s Magic Land
Loan to finance 65% of investment cost of project in free zone in 6th of October City
Central Bank of Egypt says food major driver of December 2022’s inflation of 21.3%
Annual headline urban inflation recorded an average of 13.9% in 2022 compared to 5.2% in 2021
HDB directs 25% of credit portfolio to SMEs
Supporting these projects top priority in bank’s strategic plan: Hassan Ghanem
US dollar continues appreciation against Egyptian currency, exceeding EGP 29
The International Monetary Fund (IMF) stressed on Tuesday that the Central Bank of Egypt should commit to a flexible exchange rate that adapts to the dynamics of the balance of payments, avoid the re-accumulation of imbalances, and support competitiveness.
Dollar exchange at CBE increases by over EGP 0.50 on Monday
Dollar exchange records EGP 27.5538 for buying and EGP 27.6256 for selling
Microfinance increases to EGP 64.6bn in June 2022: CBE
Banks record EGP 48.3bn in mortgage finance for to 436,900 low, middle-income customers in September
US dollar exchange against EGP jumps 6.8%, government banks issue 25% saving certificates
Official price of US dollar at CBE rises to EGP 26.3633 for purchase and EGP 26.4853 for sale
Government to borrow EGP 1.055trn from local market in 3Q 2022/23
Ministry of Finance to launch 52 tenders of T-bills worth EGP 1.014trn and 30 tenders of bonds worth EGP 41.25bn from January to March 2023
CBE receives $1.03bn worth of bids for T-bills denominated in US dollar
Bank accepts 21 offers worth $850m with interest of 4.64-4.651%
Government to borrow EGP 1.055trn from local market in 3Q 2022/23
Ministry of Finance to launch 52 tenders of T-bills worth EGP 1.014trn and 30 tenders of bonds worth EGP 41.25bn from January to March 2023
Tamweely launches new app to enhance communication with customers
Application provides product information, financing applications
Credit facilities for 100 largest bank clients increase to EGP 603bn: CBE
Facilities are concentrated in 17 sectors, with 6 sectors accounting for 74.6%
CBE studies using central bank digital currency
Central bank of Egypt forms work committees to examine CBDC usage in cooperation with several international bodies
Bank liquidity in Egypt increases to EGP 7.318trn in November 2022: CBE
Total deposits in local currency in banks increased to about EGP 5.346trn
Central Bank of Egypt to issue $850m US dollar-denominated T-bills on Monday
T-bills due on 2 January 2024
NBE arranges syndicated loan for $2.9bn oil refinery project in Upper Egypt
The National Bank of Egypt (NBE) announced on Wednesday that it has arranged the largest syndicated loan of its kind to Assiut National Oil Processing Company (ANOPC) to finance an oil refining project in Upper Egypt at an investment cost of $2.9bn. Hisham Okasha, Chairperson of NBE, said that the bank always keen on providing …
Egypt has third best banking system in Arab world in terms of assets, deposits, and loans: UAB
130% growth in Egyptian banking assets between August 2017 and August 2022, the most in any Arab banking system
Finance Ministry accepts less T-bill purchasing offers to avoid raising interest
Ministry accepts only EGP 48m worth of bids for 273-day T-bills
Outstanding balance of local T-bills, bonds reaches EGP 4.3trn in November 2022: Finance Ministry
Finance Ministry also offers Japanese-yen-denominated bonds worth of $500m in March 2022
CBE spots illegal foreign exchange trading schemes
$55m was withdrawn from Egyptian credit and debit cards abroad in one day
CBE extends two tourism support initiatives to March 2023
Initiative allows postponement of debt payment
CBE offers one-year incentives to support e-payments
Under new incentives, Egyptian pound-backed transactions made online will be exempted from all fees until December 2023
Al Baraka Bank offers EGP 90m to Solidarity Microfinance to support microenterprises by women
Bank is keen on developing role of women economically and socially: Chairperson Hazem Hegazy
CBE warns of misuse of bank cards, fraud to obtain foreign exchange without need for it
We monitored the use of some credit, debit cards in operations abroad, despite their holders being inside the country: CBE
Banks to discuss fate of interest rate on savings, loan products on Sunday
The market awaits the first reaction to return-on-debt instruments
CBE sets new inflation target until 2026
4Q 2024 inflation target stands at 7% (±2%), 5% (±2%) in 4Q 2026