Latest Banking News
CIB negotiates with 8 banks to fund Orascom Hotels loan rescheduling worth EGP 2bn
The company looks to reschedule both short- and mid-term loans
Allocations for petroleum product subsidies expected to increase after floating the Egyptian pound
Allocations for petroleum product subsidies expected to exceed previous amount of EGP…
CBE will not hold exceptional tender Thursday: Genena
The CBE's governor said foreign exchange reserves will not be used, described…
Bank are free to price the US dollar: CBE
This comes after the CBE fully floated the exchange rate on Thursday…
CBE instructs exchange bureaux to buy US dollars at EGP 13, sell at EGP 14.35
Exchange bureaux companies operating in the Egyptian market began on Thursday morning…
US dollar registers EGP 14.3 for sale at private banks
The price of the euro against the national currency reached EGP 14.66…
NBE, Banque Misr, Banque du Caire launch EGP-denominated saving certificates with 20% interest rate, 18-month maturity period
The banks also launced three-year certificates with a 16% interest rate
Floating the Egyptian pound is an excellent step: Naguib Sawiris
Sawiris called on the Egyptian people to support the CBE's decision
CBE floats Egyptian pound, raises interest by 3%
The CBE decided on Thursday to let banks in the market set…
CBE consideres obliging banks to not accept foreign currency from anonymous sources
The move aims to lay siege to the informal market and crack…