Market awaits changes in bank leadership in mid April
Banks will present their recommendations to the CBE’s governor, since the law…
CBE forces banks to notify it before providing foreign currency to government institutions
Banks are obliged to notify the CBE before providing foreign exchange for…
$7bn BOP surplus by end of first half of FY2016/2017: CBE
Surplus includes $5.1bn generated after flotation
CBE considers making amendments to the SMEs initiative
Regular meetings in FEB to look into the problems facing banks during…
CBE provides $600m to settle dollar debts of about 570 companies
Companies will repay their debts—that resulted from fluctuations of exchange rates after…
Inflation hike is temporary, expected to decline in the coming period, hence interest rate kept unchanged: MPC
CBE raised the interest rate by 3% on 3 November 2016 as…
$1.12bn offered for investment in T-bills
CBE received 33 offers, accepted 29 worth $1.09bn, with an interest average…
NBE injected EGP 7.5bn to finance 9,200 SMEs in first year of CBE’s initiative to support these projects
77% of SMEs obtained loans to expand its existing activities and 23%…
CBE maintains same interest rate
Having increased the interest rate three times in 2016, the CBE does…
CBE initiative set to rescue 50% of hotels nationwide
Initiative will consider promoting local industry by requiring 65% reliance on domestic…
