Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
Bank capital reaches EGP 323.776bn, reserves EGP 492.386bn, provisions EGP 305.455bn
CBE to decide on interest rate on Thursday amid high inflation
CBE expected to keep EGP interest rate unchanged after previous 1% rise…
MSMEDA, Tamweely join forces to support micro-projects in desert villages
About 6,000 people in 30 desert villages will benefit from new cooperation
MSMEDA, KfW sign €12m agreement to support green economy
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) and the KfW…
Banks operating in Egypt record EGP 126.9bn of net profits in 1H 2023
The banks operating in the Egyptian market achieved a net profit of…
CBE explains why core inflation slowed down in August 2023
Annual core inflation witnessed slight slowdown for second consecutive month, to 40.4%…
EGP 62.29bn invested in low-income housing initiative until August 2023
Banking sector accounts for 96.2% of total financing
MSMEDA, Reefy sign EGP 150m contract to finance women’s micro-projects
6,000 women nationwide will benefit from contract
Egypt to issue Panda bonds worth $500m
The Ministry of Finance is preparing to issue Panda bonds worth $500m…
Banks in Egypt improve accessibility for people with disabilities
Banks implement CBE’s instructions of September 2021 to facilitate access of this…
