CBE interest rate cut won’t benefit automotive market: experts
Decline was limited, will not stimulate car sales, say banks
$1.44bn increase in foreign reserves to $44.06bn end-February: CBE
The foreign exchange reserves at the CBE have increased by $1.44bn by…
EPG 489.138bn increase in banks’ deposits in 2018: CBE
Government’s deposits hit EGP 391.7bn, family sector deposited 66% of them
Limited response from banks to CBE’s decision to cut interest in first week
Banks move interest on variable yield certificates, others cut interest on deposits,…
CBE sets new controls for mortgage finance initiative for low-income individuals
Mortgage finance will be provided for clients who meet CBE’s conditions
For first time, CBE instructs banks to protect clients’ rights
Instructions have been in effect since 13 February, banks were given one-year…
CBE pays EGP 114.4bn of interest on Deposit Operation in FY 2017/18
Bank turns from profits of EGP 12.66bn in FY 2016/17 to losses…
Yields on Egypt’s T-Bonds down by 0.65-0.89%
Interest rates, accepted by finance ministry, on 3-year bonds fall between 16.4-16.58%,…
Yields on Egypt’s T-Bills down by 0.34 – 0.83% after CBE interest-rate cut
Interest rates, accepted by finance ministry, decline on T-Bills of 91-day to…
International institutions acquired 30.7% of Egypt’s debts by end-June 2018
Debts to Arab countries reached $23.1bn or 24.9% of total external debts:…