Tag: banks

Banks begin providing hard cash to import non-essential goods on Sunday

Banking sector financed import of food commodities, medicines, and production inputs worth…

Hossam Mounir

Banks secure $2.2bn to meet customers’ needs since pound flotation: cabinet

Banks have received $2.6bn as of Monday, says CBE governor

Mohamed Ayyad

US dollar price varies at banks, CBE on Tuesday

Bankers expect the greenback to change hands at EGP 15-16 for three…

Hossam Mounir

US dollar continues to fall on Monday, recording EGP 15.25-15.32 in official market

The price of the US dollar against the Egyptian pound continued to…

Mohamed Ayyad

Market sees high sales volume of dollars, new saving certificates at banks in 2nd week since flotation

The amount of dollars Banque du Caire received in one day is…

Hossam Mounir

Large portion of dollars in banks since Monday come from customers switching saving schemes to Egyptian pounds: prominent banker

High expectations that foreign currency deposits will decrease while Egyptian pound deposits…

Hossam Mounir

Heads of banks explain Arab, foreign banks’ attraction to Egyptian market

Egypt is a promising market and has very few bank accounts compared…

Hossam Mounir

Egypt Post increases interest rate on savings accounts to 10.25%

Total value of deposits and invested money in Egypt Post amounts to…

Mohamed Alaa El-Din

CBE instructs banks in some areas to remain closed on 11 November

The CBE’s measure comes as a precaution for violence that may occur…

Hossam Mounir