Banknote issue up to 11.41% of GDP in June: CBE
CBE issued EGP 486.726bn in June 2018, up from EGP 474.941bn in May 2018
Hossam Mounir
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Latest by Hossam Mounir
28.9% decrease in ‘protesto’ cases in 2017
Cairo ranks first in debt value of paid ‘protesto’ cases, debt value reaches EGP 13.4m, states CAPMAS
Foreign investments in Egyptian T-bills score EGP 269.11bn at end-July 2018
Private banks boost investments in T-bills by EGP 42.3bn in July to reach EGP 321.2bn
United Bank, Afreximbank cooperate to maximise volume of Egyptian exports to Africa
Afreximbank guarantees export earnings of Egypt, protects them from risk of non-payment, United Bank provides a package of services to increase volume of foreign trade in African markets, says El-Kady
CBE alters banks’ granting of credit facilities to public business sector companies
New rules for banks dealing with companies engaged in financing instalment sales
Egyptian Arab Land Bank will take new rank in Egypt by September 2020: vice chairperson
We assumed office in October 2017, have done our best to put bank on right track, says Gadallah
Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn
Private sector acquired 62% of facilities, industries at forefront, CBE stated
IDWBE profits score EGP 244m in 2017: chairperson
Loans up to EGP 7.6bn, EGP 10bn growth in deposits in one year, says Fahmy
Await bigger role for Suez Canal Bank in supporting Egyptian economy during coming period: chairperson
10% Growth in total financial position of Suez Canal Bank to reach EGP 44BN
Achievements of economic reform programme promising internally, externally: El-Kady
The state supported by the plan of the CBE is working to extend the system of financial inclusion to include all segments of the Egyptian society.
Long-term investment in Egypt to provide higher ROI than government debt instruments: Gadallah
Large real estate projects best option for government to bring about rapid development, solve problem of unemployment, says vice chairperson of Egyptian Arab Land Bank
Egypt’s economy growth potential considered enormous, subsequently banking sector: Abaza
Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at CIB
Egyptian economy witnesses strong signs of improvement after corrective measures taken by government: Berro
Daily News Egypt sat down for an interview with Berro, whereby he stated that one of the major current strengths of the Egyptian economy is the ability to attract new FDIs and strong tourism proceeds
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Hassan Abdalla appointed as first assistant to CBE governor, Elwy as CEO of AAIB
Abdalla has served as the former chairperson of the Saib Bank, chairperson of the Union Des Banques Arabes Et Francaises – UBAF in Hong Kong and chairperson of the board of trustees of Oweegypt.
NBE, China Development Bank sign $600m loan agreement
Loan to be channelled to finance working capital of NBE’s clients
FX Reserves up to $44.419bn end of August: CBE
Foreign currencies up by $167m, gold down by $23m
Deposits up by EGP 11.8bn by end-July 2018: CBE
Volume amounted to EGP 3027.3bn up from EGP 3015.5bn at end of June 2018
Noticeable decline in bank deposit volumes in July 2018: CBE
EGP 4bn increase in domestic deposits, $493m increase in foreign currency deposits
Non-intervention in exchange market contributed to maintaining FX Reserves: CBE
Interest rate cut on pound supported rise in real asset prices on EGX
HDB plans to launch share of one of its companies in EGX: chairperson
CBE has not responded yet to proposal to divide activity of bank to real estate, commercial, we are looking for suitable alternatives for shareholders, says El Sebai
On 22 September 2018 Egypt will see new educational system: education minister
65 companies working to prepare 1,800 government schools to use tablets, says Shawky
Banking sector stands firmly against violating its clients’ accounts’ secrecy
CBE governors strongly respond to statements to head of ETA on legislative amendment that allow looking at accounts of financiers
EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE
Deposits up EGP 10.8bn, loans grew by EGP 32bn
Most banks in Egypt performed well in H1 2018
Financial statements of 10 banks reflect significant growth in profits by end of June 2018 YOY
SMEDA renegotiates Ministry of Finance on tax incentives in MSMEs law
We are in contact with new finance minister, look forward for discussion in new parliamentary session: Gamea
SMEDA signs agreements with United Bank, ABE worth EGP 170m to finance small ventures after Eid
We aim to inject EGP 3bn to finance small and micro enterprises, says Gamea
Government launches national payment card before end of 2018: e-finance head
e-finance completes all necessary tests for card before being put under supervision of CBE
SMEDA, e-finance cooperate to develop small projects platform
Beta version well-received by concerned bodies, including CBE, says Gamea
ABE issues 168,000 Aman El-Masreen certificates worth EGP 183m in five months
Aman certificates’ outcome confirmed bank’s role in supporting state plan of financial inclusion, says Elkosayer
Beltone, HC expect CBE to keep interest rates unchanged on Thursday
Stabilized returns on debt instruments at over 18% keep them attractive, says Beltone
Domestic engines of price inflation will stabilize in the Q4 2018, then likely to see easing of monetary policy: HC