Heads of banks explain Arab, foreign banks’ attraction to Egyptian market
Egypt is a promising market and has very few bank accounts compared…
Egypt Post increases interest rate on savings accounts to 10.25%
Total value of deposits and invested money in Egypt Post amounts to…
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…
Banks pose new restrictions to confront saving certificates leveraging scheme
A number of banks in Egypt have developed new restrictions for granting…
CBE dollar price rises to EGP 16.38 for buying, EGP 17.23 for selling, jumps to EGP 17.5 in banks on 5th day of pound flotation
The price of the US dollar at the Central Bank of Egypt…
Minimal trading among banks on first day of inter bank mechanism
The trading of US dollar among banks on the first day of…
Some banks raise interest on savings vessels after CBE decision, public banks to follow suit
Some banks operating in the local market have quickly raised the interest…
Banks looking forward to returns on debt instruments following Egyptian pound’s flotation, raising interest by 3%
The average return on initial treasury bills increased by 3.6% and exceeded…
Banks confused over US dollar pricing during first 3 days after flotation
Chaos is normal since this is the first time for Egypt, but…
33 banks offer investments worth EGP 278.85bn in CBE’s deposit operation
Thirty-three banks operating in the domestic market offered investments worth EGP 278.85bn…