Banks consider impact of CBE’s decision to hike interest rates this week
CBE’s decision aims to curb inflation and ease its impacts after moving…
CBE raises interest rates 2% for second time in 2 months
Deposits increased to 18.75%, loans to 19.75%
Analysts expect CBE to keep interest rate unchanged after Thursday meeting
Seven out of nine analysts and investment banks expect CBE to keep…
Improved FC liquidity expected after removal of transfer limit: Fitch
A larger inflow from foreign investors is expected with their confidence restored…
Egypt pound under fire as CBE shifts to remove limits on foreign currency transfers
Companies getting ready to transfer their profits could weigh on the weak…
Private industrial sector accounted for 62.4% of credit facilities granted by banks to non-government economic sectors at the end of March 2017: CBE
The industrial sector accounted for 36.5% of the total credit facilities granted…
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter…
Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE
Ratio of loans to deposits in local currency rose to 40.2%, ratio…
CBE to remove dollar deposit limits over upcoming months: IMF
The fund’s board votes on the Egyptian economy’s first review within weeks
Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts
The decision boosts confidence in the Egyptian economy, contributes to attracting more…