Tag: banks

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…

Hossam Mounir Hossam Mounir

High interest rate hinders banks in Egypt from obtaining foreign loans

Foreign institutions require high return interest rates of 5.5%, which is unsuitable…

Hossam Mounir Hossam Mounir

Banks lack clear vision in application of capital conservation buffer ratio

The capital conservation buffer ratio is intended to strengthen a bank's main…

Mohamed Ahmed Mohamed Ahmed

Banks must comply with new controls for foreign exchange deposits: CBE

CBE said in a statement on Monday that it had monitored some…

Hossam Mounir Hossam Mounir

CBE deputy governor calls for banks to increase capital base

The CBE allowed banks three years to adjust to this decision

Hossam Mounir Hossam Mounir

Banks refuse to adhere to VAT law, awaiting response from new finance minister

The Egyptian Tax Authority demanded that banks operating in the domestic market…

Hossam Mounir Hossam Mounir

Banks to withdraw EGP1bn from mortgage financing initiative: CBE deputy governor

National Bank of Egypt, Banque Misr, Banque du Caire, and Housing and…

Hossam Mounir Hossam Mounir

Panama Papers expose the Mubaraks, tycoons and banks

Some tax haven countries come ahead of European and Gulf countries as…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Cabinet reveals plan to borrow EGP 291.25bn from banks in next 3 months

Ministry of Finance reduces term of loans to five-year maximum, cancels seven…

Hossam Mounir Hossam Mounir

Banks must adhere to risk management system: CBE

Banking is most supported sector following 2011 revolution, owing to banking reform…

Hossam Mounir Hossam Mounir