No one can touch Egypt’s water: Al-Sisi on GERD
President asserted that talks with Sudan and Ethiopia made clear that there should not be a decrease Egypt’s water share
How small franchise projects can get funding from the Industrial Development & Workers Bank of Egypt
The Industrial Development & Workers Bank of Egypt offers funding for franchise businesses, whether existing or new projects, and for both local and international projects. The bank provides funding for…
Volume of allocations in banks amounts to EGP 109.383bn
The volume of provisions made by banks to deal with bad and doubtful debts reached EGP 109.383bn at the end of August 2017, compared to EGP 110.218bn at the end…
Issued currency up EGP 17bn
Total currency issued by the Central Bank of Egypt (CBE) amounted to EGP 462.855bn by the end of August 2017, compared to about EGP 445.898bn in July 2017, an increase…
Banks’ investments in T-bills reached EGP 549.96bn
Banks’ investments in treasury bills (T-bills) reached EGP 549.96bn by the end of September 2017, against EGP 522.35bn in August 2017, up by EGP 27.6bn. Public sector banks’ investments in…
Deposits portfolio reached EGP 3.124tn
The size of the banks’ deposits portfolio reached EGP 3.124tn at the end of August 2017, up from EGP 3.071tn at the end of July, an increase of EGP 53bn,…
80% rise in net foreign assets
The net foreign assets of the Egyptian banking sector as a whole, including the Central Bank of Egypt (CBE), scored about EGP 174.878bn at the end of August, compared to…
ABE, MSMEs Development Agency to sign agreement worth EGP 50m to finance women’s project within two weeks
Bank may offer funding scheme to contribute to establishing the first model village for animal and agricultural production in the New Valley governorate: Elkosayer
Private business 61.9% of total non-governmental credit facilities granted by banks: CBE
Industry obtained 26.894% of total loans, letters of credit and guarantee, versus 22.34% by services
