Latest Banking News
British retail bank Lloyds announces more job cuts
Lloyds Banking Group has said it will have to speed up its…
US dollar loses over 50 piastres on informal market following announcement of $12bn loan from IMF
The US dollar is likely to see more depreciation in the coming…
Dollar shortage created an inflationary recession in the local market: investors
Manufacturers rely on the informal market for US dollars, and securing 25%…
High prices, inflation increase not behind CBE’s decision to keep pound’s price against US dollar: analysts
The devaluation of the Egyptian pound against the US dollar is one…
CBE stabilises US dollar exchange rate, further confuses market
The Central Bank of Egypt (CBE) stabilised the US dollar exchange rate…
57% of Egypt’s companies are isolated from banks’ finance: EIB chief economist
Despite the progress accomplished by the government, effort is still needed to…
Hike of US dollar strengthens currencies against Egyptian pound
Pound sterling jumps to EGP 16 and euro to EGP 13, while…
Banks obtained $26.8bn from the CBE to finance importing basic commodities from 30 December 2012 until 19 July 2016: CBE
The CBE held 462 regular auctions to sell $19.382bn as well as…
How can Al-Sisi fulfil his promise to solve the US dollar shortage in 170 days?
Stability of the foreign exchange market requires the government and the CBE…
Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis
Recent amendments aim to keep up with the economic conditions and not…
