
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.
The National Bank of Egypt revealed that the balance of the certificates of 25% and 22.5% had reached EGP 260bn.
Total released fodder requirements from 16 October 2022 to 19 January 2023 amounted to 2.156 million tonnes of $1.063bn
EGP 1.727trn in T-bills and EGP 2.582trn in bonds
Banks operating in Egypt are capable of facing crises, providing finance for various sectors
Loan to finance 65% of investment cost of project in free zone in 6th of October City
Annual headline urban inflation recorded an average of 13.9% in 2022 compared to 5.2% in 2021
Supporting these projects top priority in bank’s strategic plan: Hassan Ghanem
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 records EGP 27.5538 for buying and EGP 27.6256 for selling
Banks record EGP 48.3bn in mortgage finance for to 436,900 low, middle-income customers in September
Official price of US dollar at CBE rises to EGP 26.3633 for purchase and EGP 26.4853 for sale
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
Bank accepts 21 offers worth $850m with interest of 4.64-4.651%
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
Application provides product information, financing applications
Facilities are concentrated in 17 sectors, with 6 sectors accounting for 74.6%
Central bank of Egypt forms work committees to examine CBDC usage in cooperation with several international bodies
Total deposits in local currency in banks increased to about EGP 5.346trn
T-bills due on 2 January 2024
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 …
130% growth in Egyptian banking assets between August 2017 and August 2022, the most in any Arab banking system
Ministry accepts only EGP 48m worth of bids for 273-day T-bills
Finance Ministry also offers Japanese-yen-denominated bonds worth of $500m in March 2022
$55m was withdrawn from Egyptian credit and debit cards abroad in one day
Initiative allows postponement of debt payment
Under new incentives, Egyptian pound-backed transactions made online will be exempted from all fees until December 2023
Bank is keen on developing role of women economically and socially: Chairperson Hazem Hegazy
We monitored the use of some credit, debit cards in operations abroad, despite their holders being inside the country: CBE
The market awaits the first reaction to return-on-debt instruments
4Q 2024 inflation target stands at 7% (±2%), 5% (±2%) in 4Q 2026