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…
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…
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,…
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$55m was withdrawn from Egyptian credit and debit cards abroad in one…