Increase of foreign exchange reserves at CBE, backed by gold in February
The value of gold included in the reserves increased by $170m to…
CBE provides banks $420m to cover companies’ flotation debts
The Central Bank of Egypt (CBE) provided $420m to local banks to…
CBE considers making amendments to the SMEs initiative
Regular meetings in FEB to look into the problems facing banks during…
CBE sets controls for its initiative to renovate tourism sector
Banks finance 75% of total replacement and renovation cost, clients bear the…
No waiting lists for dollar, we provided $71bn since November 2015: CBE Governor
Egypt will pay $1.5bn of foreign oil companies arrears in 2017
CBE provides $600m to settle dollar debts of about 570 companies
Companies will repay their debts—that resulted from fluctuations of exchange rates after…
Inflation hike is temporary, expected to decline in the coming period, hence interest rate kept unchanged: MPC
CBE raised the interest rate by 3% on 3 November 2016 as…
$1.12bn offered for investment in T-bills
CBE received 33 offers, accepted 29 worth $1.09bn, with an interest average…
NBE injected EGP 7.5bn to finance 9,200 SMEs in first year of CBE’s initiative to support these projects
77% of SMEs obtained loans to expand its existing activities and 23%…