CBE launches initiative to finance microenterprises at end of May
About 37,000 small and medium-sized companies received loans worth EGP 101bn between…
$8bn total transfers from Egyptians working abroad in 5 months: CBE
Total remittances in March 2017 were worth $1.6bn, compared to $1.5bn in…
Egypt’s stocks under pressure as possible interest rate hike looms
The CBE delayed the meeting of its monetary policy committee to 21…
Banks start activities of financial inclusion week on Thursday
Negm addresses banks to be present in remote areas, clubs, and universities,…
CBE Governor meets international financing institutions officials during IMF meetings
Tarek Amer, the Governor of the Central Bank of Egypt (CBE), had…
Banks opened letters of credit worth $6.34bn for petroleum product imports in 2016: CBE
The banking system has collected $19.2bn since the flotation
Household sector accounts for 75% of deposits at banks in December
It is very normal that individuals' share in deposits is higher than…
Egypt’s public debt is reaching critical level
Experts believe there are no other options but to ask for more…
Government has to ease reliance on banks: source
The reliance leads to a vicious cycle, “amid low state revenues,” says…
Egypt’s foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
