Tag: CBE

Egypt’s net international reserves retreat to $40bn in March amid global shocks

Bank directs $5.4bn to cover local hard currency needs, bridge gap from…

Hossam Mounir Hossam Mounir

CBE abolishes black lists, allows irregular customers dealings with banks

Banks given 3 months to filter databases, 12,000 companies, 320,000 citizens benefit…

Hossam Mounir Hossam Mounir

CBE imposes restrictions on cash transactions, penalty on contravening car dealers

The CBE has set a daily limit for cash deposits and withdrawals…

Yara El-ganiny Yara El-ganiny

Consumer finance companies differ on CBE-offered loan payment delay

Drive securitises EGP 425m bonds, and will resume collecting postponed instalments from…

Yara El-ganiny Yara El-ganiny

Al-Sisi advises CBE to study low-interest funds for tourism facilities

President met PM, ministers to discuss economic impacts of the coronavirus crisis

Hagar Omran Hagar Omran

CBE abolishes sales cap on beneficiaries of its EGP 100bn industry support initiative

The CBE added that the decision aims to maximise the benefit of…

Daily News Egypt Daily News Egypt

CBE keeps interest rates on hold amid coronavirus outbreak

CBE said that the COVID-19 outbreak, as well as the associated containment…

Daily News Egypt Daily News Egypt

CBE to discuss fate of interest rates in MPC’s Thursday meeting

The CBE said this step comes in light of global developments and…

Hossam Mounir Hossam Mounir

FEB, CBE launche initiative to support coronavirus affected

Bank donations divided into four segments according to 2019 profits

Hossam Mounir Hossam Mounir

Capital outflows shake emerging markets during Covid-19 crisis: CBE

Egypt’s monetary stimulus to support economic recovery and ease coronavirus impacts

Hossam Mounir Hossam Mounir