Latest Banking News
CBE grants banks $118.7m, returns to quota in Tuesday’s auction
Banks were granted this amount at a price of EGP8.78 to the…
Meetings to determine fate of closed companies, restore stability to exchange market
CBE signed a penalty on the violating companies, which are ready to…
High interest rate hinders banks in Egypt from obtaining foreign loans
Foreign institutions require high return interest rates of 5.5%, which is unsuitable…
Egyptian Arab Land Bank to reassess asset holdings in period of transition: Deputy Chairman Al-Sharqawi
The bank plans to transfer EGP 5bn in assets to a real…
Financing is most important requirement for developing SMEs: UAB
CBE initiatives target facilitating required financing for these projects, says CBE deputy…
International purchase of treasury bills falls to lowest since 2011: CBE report
The CBE will institute a hedging mechanism with a unified dollar exchange…
US dollar records EGP 11 in informal market Tuesday: traders
The CBE provides the US dollar to banks in the local market…
CBE revises mechanism of US dollar allocation
The CBE allocated $120m to banks on Tuesday to finance the import…
NBE loans EGP 1bn to 1,734 micro and small-sized enterprises in February, March 2016
The bank provided EGP 23.4bn to 48,000 SMEs through of March 2016