Latest Banking News
Analysts expect CBE to keep interest rate unchanged after Thursday meeting
Seven out of nine analysts and investment banks expect CBE to keep…
Private industrial sector accounted for 62.4% of credit facilities granted by banks to non-government economic sectors at the end of March 2017: CBE
The industrial sector accounted for 36.5% of the total credit facilities granted…
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter…
Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE
Ratio of loans to deposits in local currency rose to 40.2%, ratio…
Banque Misr arranges loans worth EGP 55.1bn in 2016
The bank won the “Best Africa Project Finance House” award for 2016…
United Bank signs MoU with EBRD to support SMEs
The rehabilitation of local SMEs for global competition is the real hope…
Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts
The decision boosts confidence in the Egyptian economy, contributes to attracting more…
CBE reveals foreign exchange status after flotation
$8bn in remittances from Egyptian expats from November 2016 until the end…
CBE likely to maintain current tight monetary stance to reduce inflationary pressures: IIF
Annual inflation rate to decline gradually to 18% by end of 2017,…
Central Bank of Egypt removes foreign currency transfer limits
The move could spur foreign investments to Egypt, says Tarek Amer