Tag: CBE

Parliament demands CBE provide detailed report on Egypt’s foreign debt, repayment schedule

CBE governor said IMF estimates value of Egyptian pound at EGP 11-11.5…

Mohamed Ayyad Mohamed Ayyad

The reason behind the rise of Egypt’s foreign currency reserves remains unknown

Since the 25 January Revolution in 2011, Egypt’s foreign currency reserves were…

Hisham Salah Hisham Salah

CBE pumps EGP 2.5bn into United Bank’s capital

Supporting the bank’s capital is meant to support its ability to expand…

Hossam Mounir Hossam Mounir

Food commodity price hikes push inflation to its highest since 2005: CBE

Recent CBE reports explain inflation hitting 25% at end of December 2016

Hossam Mounir Hossam Mounir

CBE to meet 8 times in 2017 to determine future of Egyptian pound’s interest rate

Direction of interest rate depends on inflation and government strategy, say analysts

Hossam Mounir Hossam Mounir

Repatriation of profits for foreign investors to resume soon: CBE governor 

The banking system was able to secure inflows of $7.5-8bn since the…

Mohamed Samir Mohamed Samir

CBE prints EGP 200m worth of EGP 1, EGP 0.5 banknotes

The bank said in a statement on Thursday that it has printed…

Hossam Mounir Hossam Mounir

Largest 10 banks acquired 72.11% of total deposits until September 2016: CBE

The share of the largest five banks of total deposits reaches 58.9%;…

Hossam Mounir Hossam Mounir

Non-performing loans reach 5.9% by the end of September 2016: CBE 

The private sector acquired 70% of total loans offered by banks to…

Hossam Mounir Hossam Mounir

Government borrows EGP 1.121tn through bills, bonds during 2016

Ministry of Finance intends to borrow EGP 299.019bn from banks in Q1…

Hossam Mounir Hossam Mounir