Tag: Central Bank of Egypt

Non-performing loans fell to 7.2% of total by end of September 2015: CBE

CBE issued its Financial Soundness Indicators report, where the loans-to-deposits ratio increased…

Hossam Mounir Hossam Mounir

CBE decides to raise maximum foreign currency deposit cap to $250,000 monthly

Decision applies only to companies to facilitate import operations of main and…

Hossam Mounir Hossam Mounir

CBE policies reduce car imports in 2016

NBE and Banque Misr restrict opening letters of credit for fully-manufactured models,…

Ahmed Amer Ahmed Amer

Limited impacts for recent CBE lending controls: Beltone

Reducing maximum loan per customer and bank contributions in capital market funds…

Hossam Mounir Hossam Mounir

Banks race to implement CBE’s programme for funding SMEs

Both Banque Misr and the Industrial Development and Workers Bank of Egypt…

Hossam Mounir Hossam Mounir

Banque Misr begins activating CBE initiative to finance SMEs with 5% yield

This springs from the bank's commitment to promoting economic development and contributing…

Hossam Mounir Hossam Mounir

Local, international institutions offer to invest $1.168bn in treasury bills

The bills’ interest rate saw a 40 points increase compared to CBE’s…

Hossam Mounir Hossam Mounir

Government sought to decrease $60bn bill by ‘banning luxurious products’

Around $26bn of Egyptian imports are categorised as “essential”

Doaa Farid Doaa Farid

International foreign reserves ends in 2015 with a slight increase

CBE's international foreign reserves increase by $23m at the end of December

Hossam Mounir Hossam Mounir

Government plans to borrow EGP 281.5bn from banks in next three months

Banks account for 75.5% of total releases of treasury bills and the…

Hossam Mounir Hossam Mounir