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CBE interest rate cut won’t benefit automotive market: experts
Decline was limited, will not stimulate car sales, say banks
$1.44bn increase in foreign reserves to $44.06bn end-February: CBE
The foreign exchange reserves at the CBE have increased by $1.44bn by the end of February 2019, reaching $44.06bn, compared to $42.617bn by end of January 2019. The foreign exchange reserves recorded an all-time high by the end of November 2019, when they reached $44.51bn. The CBE has not revealed the reason behind the increase …
EPG 489.138bn increase in banks’ deposits in 2018: CBE
Government’s deposits hit EGP 391.7bn, family sector deposited 66% of them
Limited response from banks to CBE’s decision to cut interest in first week
Banks move interest on variable yield certificates, others cut interest on deposits, savings accounts
CBE sets new controls for mortgage finance initiative for low-income individuals
Mortgage finance will be provided for clients who meet CBE’s conditions
For first time, CBE instructs banks to protect clients’ rights
Instructions have been in effect since 13 February, banks were given one-year period to adjust their situations
CBE pays EGP 114.4bn of interest on Deposit Operation in FY 2017/18
Bank turns from profits of EGP 12.66bn in FY 2016/17 to losses of EGP 33.34bn in FY 2017/18
Yields on Egypt’s T-Bonds down by 0.65-0.89%
Interest rates, accepted by finance ministry, on 3-year bonds fall between 16.4-16.58%, yields on 7-year bonds record 16.74-17.15%
Yields on Egypt’s T-Bills down by 0.34 – 0.83% after CBE interest-rate cut
Interest rates, accepted by finance ministry, decline on T-Bills of 91-day to 17.248 – 17.528%
International institutions acquired 30.7% of Egypt’s debts by end-June 2018
Debts to Arab countries reached $23.1bn or 24.9% of total external debts: CBE
Business community calls on CBE to more cuts in interest rates
Decision to cut interest rates by 1% is good, yet values still relatively high, say investment experts
Banks to discuss fate of deposit, lending interests this week following CBE rate cut
NBE, Banque Misr to keep interests of fixed-rate saving certificates stable, cut those of variable-rate certificates by 1%
Video: CBE interest rate cuts in the eyes of Moody’s
Interest rates reduction decision by CBE is bold, revives investments in all sectors: Beltone
Decision will pave way for new reduction in interest rates in H1 2019
CBE cuts interest rates by 1%
Overnight deposit rate, overnight lending rate, rate of the main operation at 15.75% 16.75%, 16.25% respectively
IDB signs cooperation protocol with Alexandria governorate, MFF to fund social housing units
Agreement to fund 1,138 residential units within CBE initiative
CBE to review interest rates today in first 2019 meeting
Higher inflation in January shifts market expectations of interest stabilisation in this meeting
Nile Pioneer initiative officially begins on Sunday, sponsored by CBE
Establishing 30 business development centres under initiative during current year in 16 governorates
Egyptian banks increase their SME credit by EGP 136bn in 3 years
Egyptian banks increased their SMEs credit by EGP 136bn from end-2015 till end-2018, benefiting about 522,000 foundations, Gamal Negm, deputy governor of the Central Bank of Egypt (CBE), said on Tuesday. The banking sector allocated 65% of its loans to the private sector, Negm said before an IMF conference on its paper about Financial Inclusion …
Egypt’s bank deposits up by 15.3% end-November 2018: CBE
Deposits in EGP increase by 16.9%, foreign currencies deposits grow by 9.4%
Amer to chair AACB’s meetings in March
Meetings will include preparations for AACB’s continental seminar to be held in cooperation with CBE
CBE to cut interest rate in March: Deutsche Bank
The Central Bank of Egypt (CBE) will cut interest rates next March, Deutsche Bank said in a research note. The bank also forecasts that the CBE is inclined to cut interest rates by 100 basis points next March, Enterprise reported. Deutsche Bank also expects that the CBE will keep interest rates unchanged in the first …
CBE limits mortgage initiative to low-income after earmarked EGP 20bn runs out
NBE, HDB, Banque Misr, Banque du Caire, IDB top list of banks participating in CBE initiative with total funding of EGP 15.7bn to 165,800 clients
Remittances of Egyptian expats reach $23.3bn in 11M18: CBE
Increase of 5.7% in remittances compared to same period in 2017
Price of US dollar against pound nearly stable on Tuesday after two-day decline
US currency recovers less than half piaster of 30 piasters it lost on Sunday, Monday
Dollar value falls by over EGP 0.22, biggest decline in 9 months
American currency supply increases in interbank market amid resumption of foreign investment in government debt instruments
CBE to finalise study for establishment of exports guarantee firm in Q1 2019
Bank considers granting licenses to international banks, fully coordinates with government to achieve SDGs, says CBE deputy governor
Gold value listed in FX reserves growth curbs reserves decline in December 2018
FX reserves gold value increased by $104m, foreign currencies down by $2.068bn
Egypt’s economic outlook remains positive, backed by tourism, natural gas: Credit Suisse
Weak FDI, reliance on hot money, inflation still challenging
International, local financial institutions offer to invest $934.1m in Egyptian T-bills
Interest rate accepted by CBE grew to maximum of 3.8%, minimum of 3.78%, averaging 3.797%