Latest in Tag: CBE Highlight
Latest in Tag: CBE
Beltone expects CBE to cut interest rates by 2% by end-FY 2017/2018
Institution expects inflation slowdown to reach 12.8%, in line with CBE’s target of 13% ±3% by end-2018
Egypt shares likely to move upwards as CBE extends easing cycle
EGX30 among region’s best performer in Q1; rises 16% to 17,450 points
Banks begin intensive discussions to review interest rates on loans, deposits after CBE cut them
BM considering fate of 17% certificates, other savings vessels, says El-Damaty
CBE cuts interest rates 100 bps for 2nd time in 2018
The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided to cut interest rates by 100 basis points (1%), according to a statement issued by the CBE on Thursday.
Do cryptocurrencies have a future in Egypt?
The Central Bank of Egypt (CBE) has also warned against dealing in bitcoin and other cryptocurrencies
CBE to review interest rates on Thursday
Market uncertainty over expected MPC decision, as inflation eases, interest on dollar rises globally
CBE directs banks to stop granting credit facilities to medium companies within 12% initiative
Banks exhausted EGP 10bn allocated by CBE as part of initiative, says Negm
UNB-E awaits CBE approval for appointment of ElSewerky as managing director
Ban’s net profit at end-2017 reached EGP 380m, up EGP 200m from 2016, says Abdeen
Egypt’s bank deposits rise EGP 55bn in November 2017: CBE
The Central Bank of Egypt (CBE) announced that total bank deposits rose by EGP 55bn in November 2017. This brought total deposits to EGP 3.273tn at the end of November 2017 compared to EGP 3.218tn in October 2017. The CBE said that non-government bank deposits also rose by EGP 50bn at the end of November …
4.712m credit cards in Egypt by end-2017: CBE
Top 5 Egyptian banks account for more than 96% of POS, 69.48% of ATMs
Non-performing loans fell to 4.9% of loans at end-2017: CBE
Banks allocated EGP 109.979bn to face NPLs, including EGP 68.175bn by top 10 banks
Egyptian banks make EGP 59.075bn profits in 2017: CBE
Top 5 banks accounted for 47.424% of total profits, top 10 achieved EGP 37.02bn
Egypt shares to extend upwards trajectory as CBE seen cutting interest rates
EGX30 records best weekly gains since December 2016 in heavy trade
International bonds push Egypt’s foreign reserves to $42.524bn at end-February
Egypt recorded the highest foreign reserves in its history at $42.524bn at the end of February from $38.209bn at the end of January 2018, an increase of $4.314bn, the Central Bank of Egypt (CBE) said on Sunday. Egypt received the yields of its recent eurobond issuance, which was in February, amounting to $4bn, and were …
As CBE embarks on long-anticipated easing cycle, losers, winners emerge at EGX-listed companies
Banking sector will be most negatively affected by CBE’s decision, analysts note
CBE expected to cut interest rates further by end-2019: report
Inflation is likely fall to rates rarely seen over the past decade
Trade volume between Egypt, world reached $20.621bn in 3 months: CBE
Imports worth $14.781bn, exports at $5.839bn from July to September 2017
Limited response from banks to CBE’s move to lower interest rates
ALCOs of banks operating in Egypt will hold intensive meetings Monday to study effects of CBE decision
Egypt shares moving upwards as CBE cuts interest rates
Investors to embark on building new positions in large cap ahead of earnings season
Wave of large cuts in bank interest rates on deposits, loans starting Sunday
Banks operating in the local market started on Sunday a wave of major cuts in their interest rates and some loans, in response to the decision of Central Bank of Egypt (CBE) to reduce its basic interest rate by 1%, a move that is the first of its kind since 3 November 2016. This came …
CBE activates electronic link between Egyptian banks, COMESA countries
The Central Bank of Egypt (CBE) held a workshop attended by 60 representatives of the Export Development Authority (EDA), members of export councils, chambers of commerce, business associations and many companies working with Common Market for Eastern and Southern Africa (COMESA) countries to familiarise them with the electronic link system between Egyptian banks and African …
CBE lowers interest rates 1% for the first time since floatation
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to lower the overnight deposit rate, the overnight lending rate, and the rate of the Central Bank of Egypt’s (CBE) main operation by 100 basis points to 17.75%, 18.75%, and 18.25% respectively. The discount rate was also reduced by 100 basis points to 18.25%. …
Services sector 2nd largest beneficiary of bank loans: CBE
Private sector received 61.8% of banks’ total credit facilities by end-October 2017
CBE approves establishment of Banque du Caire’s leasing company with EGP 100m paid-up capital
Company will contribute to a better future for bank’s investment, financing plans: Fayed
Loans up by EGP 10bn, deposits increase by EGP 42bn in October 2017: CBE
Total financial position of banks in Egypt scores EGP 4.795tn
Will CBE cut interest rates on Thursday?
Amer hinted at imminent cuts, but linked them to curbing inflation first
Global stock markets crisis will not affect Egypt’s bonds issuance: CBE
An official source at the Central Bank of Egypt (CBE) said that the crisis in the global stock markets, ongoing since the end of last week, will not affect government plans to issue new international bonds worth between $4bn and $5bn, and will not affect the bond’s return rate. The state-run Middle East News Agency …
CBE governor reveals secret of FX reserves hike in January 2018
CBE, banks proceeds amount to $5.6bn in January, Paris Club premiums down to $350m, including $60m paid in December 2017, $290m in January
Foreign reserves hit record high of $38.21bn at end-January 2018
Volume of foreign currency liquidity up $1.036bn, gold up $135m, says CBE
Egypt to host Seamless North Africa fintech conference for first time
Holding conference under president’s auspices reflects Egyptian state’s interest to transform into regional investment hub using innovative financial technology, says Amer