Banks in Egypt show strong recovery indicators from COVID-19 repercussions in 2021
Net profits of banks increase to EGP 107.132bn in December, compared to…
Egypt focuses on MSMEs as they represent 98% of private sector: CBE
Egypt has 3.4 million micro-sized businesses, 2,200 medium-sized enterprises, and 217,000 small-sized…
CBE extends cash cover for foodstuffs until 15 March 2023
The CBE has extended the exclusion period twice in the past two…
CBE conducts survey to find out needs of SMEs: Deputy Governor
Funding is no longer biggest challenge facing SMEs, as they need non-financial…
Egypt’s external debt registers $137.4bn in September 2021: CBE
Long-term debt accounts for 91.6% ($125.9bn) of total external debt
Work underway on centralised online banking system: CBE
‘Know Your Customer’ project will enable citizens to open bank accounts online:…
CBE leads efforts to promote fintech in local banking market: Sub-Governor
This year will witness many fintech projects, including instant payment network: Ayman…
Non-government bank deposits in local currency record EGP 4.457trn in January 2022: CBE
Non-government deposits in foreign currencies reach EGP 659.901bn in January 2022
Total financial position of banks in Egyptian market approaches EGP 9trn in November 2021: CBE
Bank deposits increase to EGP 6.306trn, credit facilities up to EGP 3.066trn,…
FDI in Egypt registers $1.664bn in 1Q 2021/22: CBE
Total inflows rise to $3.704bn, compared to $3.497 during 1Q 2020/21