CBE offers treasury bills worth $1.1bn
Proceeds to cover previous tender on 9 May 2017 worth $1.21bn
Hossam Mounir
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Latest by Hossam Mounir
Can fintech companies replace banks?
Cooperation between two financial services providers required for benefit of all, bankers say
AAEC launches project to link North Africa to China’s Belt and Road
Plan aims to attract investments of $2-4tn to Egypt, North Africa, Al Obeid says
FX reserves climbed to $44.029bn end-April 2018: CBE
Foreign exchange reserves at the Central Bank of Egypt continued to rise in April 2018, reaching $44.029bn from $42.611bn at the end of March 2018, an increase of about $1.418bn. This marks the highest level of foreign exchange reserves in the history of the Central Bank of Egypt. The reserves are sufficient to cover over …
NBE attracted 58,000 new clients during Arab Financial Inclusion Day events
Only 15% of Egyptians deal with banks, says Okasha
ABE issued 139,000 Aman certificates worth EGP 163m: chairperson
We have other requests worth EGP 88m, sales mostly of EGP 500, EGP 2,500 certificates, says ElKosayer
UAB calls upon banks, Arab financial institutions to exert greater efforts to spread fintech, curb risks
Union stressed on importance of creating regulatory system that ensures safety of payments to enhance confidence of dealers with banking, financial sectors in Arab region
ABE receives 301,000 tonnes of wheat worth EGP 1.17bn
Beheira, Minya, Sharqeya governorates topped supply list of local wheat: ElKosayer
CBE launches global tender for consultancy to study Arab electronic payments system
32% of Egyptians deal with banking system, post offices, Hussein says
United Bank, IDA cooperate to support SMEs
Bank’s role is to grant funding, raise financial culture of investors, says Kashmiri
Banks close financial inclusion week events Monday
Large spread of banks across the country to promote their services, inclusion of new clients
Egyptian banks strongly partake in Arab Financial Inclusion Week for 2nd year
Financial inclusion is a key pillar for achieving the state vision for sustainable development: Fayed
Decline in private sector’s share of bank loans to 63.2% end-2017: CBE
Banks still prefer to lend to government, abandon role in providing credit to other sectors to enhance business, investment, says Aboul Fotouh
Egyptian market promising, has significant potential for Crédit Agricole Group: CEO
CAE one of leading banks in group’s 50-country operations, says Brassac
NBE aims to boost microfinance portfolio to EGP 4bn by 2020: deputy chairperson
Microfinance portfolio reached EGP 3.5bn end-March, says Aboul Fotouh
Outstanding balances of local T-Bonds reach EGP 684.34tn end-March 2018
Other bonds worth $18bn have been put on world markets, due from 10 December 2018 to 21 February 2048
Suez Canal Bank general assembly re-elects board of directors headed by Hussein Refaei
New retail banking sector to be established to create diversity in bank’s products, broaden its client base, Refaei says
Metropolitan Egypt considers funding Khute Spinning with EGP 50m
Loan to be directed to establish 10,000 sqm textile factory in Greater Cairo
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
Financing labour-intensive, medium enterprises top priorities: SMEDA CEO
SMEDA injected EGP 4.1bn to finance micro, small enterprises from its establishment in April 2017 to end-January 2018, says Gamea
NBE grants ASORC $100m to implement service, facility projects necessary to develop company’s plants
Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE), and Nagy Abdel Ghaffar, chairperson of Assiut Oil Refining Company (ASORC), signed a financing contract worth $100m for the purpose of implementing service and facility projects necessary for the development of the company’s plants and the fulfilment of its expansion goals. According to …
Attijariwafa Bank signs MoU with Expolink to raise Egyptian exports to Africa
Group aims to establish joint ventures between Moroccan, Egyptian investors, explore joint investment opportunities in countries it is located in
Cooperation protocol between NBE, Agriculture Ministry, Ard El Kheir for livestock projects development
NBE injected EGP 1.2bn to fund 7,400 projects in livestock sector development
FX reserves record $42.611bn at end-March
Foreign currency in reserve increased to $39.018bn, up $64m from February
2018 will witness 5 or 6 private placements: Farid
Pharos conference is platform for meetings between investors, company representatives, fund managers, says Taymour
Beltone expects CBE to cut interest rates by 2% by end-FY 2017/2018
Institution expects inflation slowdown to reach 12.8%, in line with CBE’s target of 13% ±3% by end-2018
Banks begin intensive discussions to review interest rates on loans, deposits after CBE cut them
BM considering fate of 17% certificates, other savings vessels, says El-Damaty
BLOM Bank Egypt injects EGP 300m to raise capital to EGP 2bn
Successes achieved by bank in Egypt reflects prosperity of Egyptian economy, says Azhari
UNB-E eyes 5% market share in Egypt within 8 years: chairperson
Bank keen to contribute to major projects that strengthen Egyptian economy through co-financing, says Al Nahyan
CBE cuts interest rates 100 bps for 2nd time in 2018
The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided to cut interest rates by 100 basis points (1%), according to a statement issued by the CBE on Thursday.