Tag: Central Bank of Egypt

Credit facilities granted by banks to their clients increased by EGP 25.3bn in October

Private business sector covered for 61% of total credit facilities, industries among…

Hossam Mounir

Government-owned, private banks reduce investments in T-bills by EGP 31.2bn in November 2018: CBE

Foreign banks working in Egypt take different stance, increase investments by EGP…

Hossam Mounir

CBE unlikely to extend initiative to settle bad debts

Weak turnout by defaulters, 6 months enough for those who want to…

Hossam Mounir

CBE reviews initiative to settle troubled debts: Amer

Initiative includes settlement of debts of 3,500 companies, 337,000 individuals

Hossam Mounir

CBE officials unveil reason to end mechanism of foreign investors funds’ transfers

Removal of limits on FX transactions restore confidence in banking sector: Negm

Daily News Egypt

Market welcomes CBE’s decision to end foreign investors funds repatriation mechanism

Decision planned since flotation in November 2016, we aim to direct investment…

Hossam Mounir

Egypt shares to move sideways as CBE leaves interest rates on hold

EGX30 closed almost flat last week as foreign investors book gains awaiting…

Daily News Egypt

CBE reviews interest rates on Thursday

MPC cut interest rates twice this year, kept them unchanged during 4…

Hossam Mounir

Highest level of FX reserves in history reached by end of October

CBE: $86m increase in value of gold, foreign currencies balance down by…

Hossam Mounir

Banks injected EGP 110bn to finance SMEs within CBE’s initiative: CBE Deputy Governor 

CBE secures EGP 2bn as CGC guarantee, encourages banks to finance agriculture…

Hossam Mounir