After 4 years, Egypt’s exchange rate liberalisation proves its economic boon
Egypt sees $400bn in foreign exchange flows since decision enforced in November…
Egypt’s net international reserves up $795m in October to $39.22bn: CBE
Egypt’s international reserves consist of foreign currencies (FX), gold, special drawing rights…
Net foreign assets of Egypt’s banking sector up EGP 51.958bn in September
This came in addition to the decrease in the volume of foreign…
Local-currency bank deposits increase EGP 88.589bn in September: CBE
In a recent report, the CBE stated that demand deposits in local…
Egypt’s bank deposits increase to EGP 4.788trn in July 2020: CBE
Private businesses receive 59.8% of total bank facilities, with industry at forefront…
Egypt’s external debt rises to $123.49bn in June 2020: CBE
The country’s external debt in June 2020 also increased by 14.79% compared…
CIB awaits CBE audit report following chairperson’s resignation
Two audit firms to look into CBE report on CIB violations, should…
Agricultural Bank of Egypt targets 30-million customer base over 5 years
Financing programme for needy families, rural women, and craftsmen to be launched…
CBE provides full support to CIB to preserve its financial position, deposits
A CBE statement read, “The CBE approved the decision of the CIB’s…
Financial position of banks in Egypt up EGP 96.9bn in July 2020: CBE
Volume of doubtful debts allocations amounts to EGP 150.877bn, reserves amount to…