CBE to provide ABE additional EGP 1bn to finance livestock project
Approval from CBE raises lending portfolio for this project to EGP 3bn,…
CBE celebrates winners of ‘FinYology – FinTech for Youth’ Initiative
Initiative organised by FinTech Egypt encourages young talents to participate in creating…
Central Bank of Egypt directs for simplified bank account opening procedures
Facilities will be provided for small companies to open accounts
Banks in Egypt see EGP 2.448trn credit facilities in November 2020: CBE
Total bank deposits rose to EGP 5.126trn in November 2020, compared to…
EGP 1.166trn increase in financial position of banks in Egypt during 2020: CBE
Banks report EGP 325.761bn reserves, EGP 162.274bn provisions to nonperforming loans
CBE to announce details of new presidential mortgage finance initiative soon
Proposed mortgage finance initiative to boost real estate sales
CBE allocates EGP 1.2bn to finance unpaid natural gas bills of ceramic companies
Allocation comes as part of industrial private sector initiative
Egypt sees remittances grow to $29.6bn in 2020: CBE
Increase of $529.2m in such transfers recorded from October to December 2020
CBE reveals developments in commodity prices during February 2021
Annual food inflation remained broadly stable at -0.5% for second consecutive month
Financial position of banks in Egypt approaches EGP 7trn in October 2020: CBE
Banks’ total capital reaches EGP 174.592bn, reserves EGP 314.082bn, provisions to nonperforming…