CBE poses exceptional tender for $100m
The tender will cover open currency positions in foreign currency at banks
Economic Affairs Committee to propose exchange bureaux be obliged to deposit US dollars at CBE for 5 years
There are 91 currency exchange companies, some of which own 20 branches,…
Government to determine commodity profit margins with FEDCOC, FEI next week: Prime Minister
Government in full coordination with CBE to overcome the US dollar crisis
33 banks offer investments worth EGP 278.85bn in CBE’s deposit operation
Thirty-three banks operating in the domestic market offered investments worth EGP 278.85bn…
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills
Domestic public debt jumps to EGP 2.612tr as of end of June: CBE
The government’s net debt amounted to EGP 2.286tr during FY 2015/2016, an…
State of uncertainty over devaluation of Egyptian pound after president meets CBE governor
A senior banker ruled out any move by the CBE before 11…
CBE allocates $1.8bn to cover imports of strategic goods: Supply Minister
Establishment of a committee to set new eligibility standards for food subsidy…
Egyptian bankcards used to complete $2.5bn worth of transactions abroad in FY 2015/2016
Banks have received clear instructions to suspend cards that are being misused,…
5 banks in Egypt account for 71.47% of banking sector’s total profits as of June: CBE
The sheer capital of banks amounts to EGP 100.72bn, with the top…