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NPLs fall to 4.3% of total loans at end June 2018: CBE
Provisions to combat doubtful debts amounted to EGP 109.294bn in H1
CBE enters $3.8bn financing agreement with consortium of international banks
The Central Bank of Egypt (CBE) agreed to enter into a new repurchase transaction with a consortium of international banks, for a total amount of $3.8bn, a final maturity of 4 years and six months, and an average life of 3 years, the CBE announced on Thursday. The consortium includes; Citigroup Global Markets Limited, Credit …
Net foreign reserves increase by $40m, reaching $44.459bn by end of September: CBE
Foreign currencies up by $60m, gold down by $19m
Credit facilities granted by banks to clients until July score EGP 1.631tn
Private Sector acquired 61% of facilities, industries in forefront: CBE
BOP marks surplus of $12.8bn in FY 2017-2018: CBE
58.6% drop in current account deficit to $6bn, down from $14.4bn in FY 2016-2017
Swedish officials, businesspersons to attend traffic safety seminar in Egypt
Collaboration between CBE, Sweden in e-payments, says ambassador
Banks injected EGP 110bn to finance SMEs within CBE’s initiative: CBE Deputy Governor
CBE secures EGP 2bn as CGC guarantee, encourages banks to finance agriculture projects, says Helal
Egypt shares to sustain gains as Central Bank leaves interest rates unchanged
EGX 30 rallies 3.8% or 548.9 points, closes at the level of 14,632.40 points
Banque du Caire ready to go public at anytime: chairperson
Full coordination between board of directors of bank, its owner, CBE, Finance Ministry underway to determine appropriate time to float
CBE establishes financial inclusion information database
We aim to boost banking services’ beneficiaries, avoid duplication, says CBE
Banknote issue up to 11.41% of GDP in June: CBE
CBE issued EGP 486.726bn in June 2018, up from EGP 474.941bn in May 2018
CBE alters banks’ granting of credit facilities to public business sector companies
New rules for banks dealing with companies engaged in financing instalment sales
Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn
Private sector acquired 62% of facilities, industries at forefront, CBE stated
FX Reserves up to $44.419bn end of August: CBE
Foreign currencies up by $167m, gold down by $23m
Deposits up by EGP 11.8bn by end-July 2018: CBE
Volume amounted to EGP 3027.3bn up from EGP 3015.5bn at end of June 2018
Noticeable decline in bank deposit volumes in July 2018: CBE
EGP 4bn increase in domestic deposits, $493m increase in foreign currency deposits
Non-intervention in exchange market contributed to maintaining FX Reserves: CBE
Interest rate cut on pound supported rise in real asset prices on EGX
Banking sector stands firmly against violating its clients’ accounts’ secrecy
CBE governors strongly respond to statements to head of ETA on legislative amendment that allow looking at accounts of financiers
EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE
Deposits up EGP 10.8bn, loans grew by EGP 32bn
CBE keeps overnight deposit, overnight lending rates unchanged
The monetary policy committee (MPC) decided to keep the Central Bank of Egypt (CBE)’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 16.75%, 17.75%, and 17.25%, respectively. The discount rate was also kept unchanged at 17.25%. The CBE said in a press statement on Thursday that the anticipated …
Banks inject loans worth EGP 35.861bn, attract deposits worth EGP 41.5bn in April 2018: CBE
Private sector acquired 61.7% of total loans, EGP 11.4bn increase in individual loans
Foreign investments in treasury bills decline by EGP 64.8bn in May: CBE
This is not worrisome, as CBE is experienced in dealing with these investments, says Metwally
Trade exchange between Egypt, world amount to $65.625bn in 9 months: CBE
Imports at $46.814bn, exports at $18.81bn between July 2017 to March 2018
CBE to officially launch national payment card in electronic market by end of December
10% increase in electronic payment helps rising GDP with $1.5bn: sub-governor
Egypt’s foreign debt jumps to $88.1bn end-March: CBE
Local public debt rose by EGP 122.1bn in Q1 2018
Foreign Currencies in FX reserves up by $2.13bn in July, CBE
SDRs down by $1.017bn, gold in reserves drop by $54m
CBE hosts 41st annual meeting of AACB
Meeting held for first time in Egypt, with 40 African delegations
CBE reveals several important indicators of performance of banks during Q1 2018
More than EGP 39bn increase in volume of deposits, EGP 85.2bn in loans
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh
Does Egypt need more external borrowing?
Egypt’s lack of control over foreign debt could cause negative pressure on its credit rating in future, says Standard & Poor’s