Tag: CBE

Net foreign assets of banking system increase EGP 23.923bn in September 2021: CBE

Household sector accounts for 83% of total bank deposits, while private business…

Hossam Mounir Hossam Mounir

CBE extends emergency decisions to deal with COVID-19 repercussions to June 2022

CBE decides to extend initiative to support tourism sector for additional year…

Hossam Mounir Hossam Mounir

CBE explains fixing interest rates for 9th time in row

Keeping policy rates unchanged remains consistent with inflation target of 7% (±2%)…

Hossam Mounir Hossam Mounir

CBE to decide fate of local interest rates heading into 2021-end

Monetary Policy Committee expected to keep base rates unchanged for ninth time…

Hossam Mounir Hossam Mounir

$222m increase in Egypt’s FX reserves during November 2021: CBE

Gold reserves also grow by $5m, while SDRs decline $197m

Hossam Mounir Hossam Mounir

CBE launches EGP 5.5bn initiative to finance transition to modern irrigation

Initiative targets switching 4 million feddan to modern irrigation through loans from…

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CBE directs banks to increase operation financing for companies in light of global prices hike

CBE Governor urges banks to end financial disputes with companies, individuals

Daily News Egypt Daily News Egypt

CBE’s decision to increase women representation on bank boards is highly praised

Decision comes within permanent efforts of CBE to empower women economically, show…

Hossam Mounir Hossam Mounir

CBE amends instructions on bank governance, board formation

Maximum two terms for non-executive board members, with limit of six consecutive…

Hossam Mounir Hossam Mounir

CBE to issue $1.6bn worth T-bills on Monday

Proceeds of bid directed to pay previous tender worth $1.585bn

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