Tag: Central Bank of Egypt

Deposits up EGP 56.02bn, credit facilities rose EGP 22.18bn in December 2017: CBE

Private business sector received 61.4% of total non-governmental facilities, industry tops sectors

Hossam Mounir Hossam Mounir

Do cryptocurrencies have a future in Egypt?

The Central Bank of Egypt (CBE) has also warned against dealing in…

Daily News Egypt Daily News Egypt

CBE to review interest rates on Thursday

Market uncertainty over expected MPC decision, as inflation eases, interest on dollar…

Hossam Mounir Hossam Mounir

UNB-E awaits CBE approval for appointment of ElSewerky as managing director

Ban’s net profit at end-2017 reached EGP 380m, up EGP 200m from…

Hossam Mounir Hossam Mounir

Non-performing loans fell to 4.9% of loans at end-2017: CBE

Banks allocated EGP 109.979bn to face NPLs, including EGP 68.175bn by top…

Hossam Mounir Hossam Mounir

International bonds push Egypt’s foreign reserves to $42.524bn at end-February

Egypt recorded the highest foreign reserves in its history at $42.524bn at…

Hossam Mounir Hossam Mounir

CBE expected to cut interest rates further by end-2019: report

Inflation is likely fall to rates rarely seen over the past decade

Daily News Egypt Daily News Egypt

Trade volume between Egypt, world reached $20.621bn in 3 months: CBE

Imports worth $14.781bn, exports at $5.839bn from July to September 2017

Hossam Mounir Hossam Mounir

Limited response from banks to CBE’s move to lower interest rates

ALCOs of banks operating in Egypt will hold intensive meetings Monday to…

Hossam Mounir Hossam Mounir

CBE lowers interest rates 1% for the first time since floatation

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to…

Mohamed Samir Mohamed Samir