Local, foreign financial institutions offer to invest $1.054bn in USD T-Bills
Interest rate highest at 3.35%, lowest at 3.32%, averaging 3.346%
Hossam Mounir
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Banque Misr receives the Mohammed bin Rashid Award for Young Business Leaders
Bank injects EGP 2.2bn to fund 48,392 micro enterprises in 32 months
CBE offers treasury bills worth $7850m
Tender proceeds to cover previous tender on 10 January 2017 worth $888.8m
Outstanding balances of local treasury bonds, bills reach EGP 1.7tn by end of 2017
Treasury bills stabilised at EGP 1.023tn, bonds reached EGP 676.6bn until December: Finance Ministry
FX reserves end 2017 at record high of $37.02bn
Forex reserves increased by $333m, despite payment of $3.2bn to Afreximbank, says CBE
$3.04bn trade deficit in September 2017: CAPMAS
The country’s exports, imports increased by 17.1%, 4.5% respectively
Government intends to borrow EGP 415bn in Q1 2018 to bridge budget deficit
Government offers bids for T-bills, bonds worth EGP 152.75bn in January, EGP 132.5bn in February, EGP 129.75bn in March
NBE aims to increase size of SME portfolio to EGP 100bn within 3 years
The bank offered SME loans worth about EGP 37.5bn to 55,000 customers
NBE, Agriculture Ministry cooperate to finance livestock projects
Bank injected EGP 1.2bn to fund 7,400 livestock, poultry, fishery development projects
Strong expectations to fix pound’s interest rate at Thursday CBE meeting
MPC to hold 8 meetings in 2018 to look into destiny of basic yield prices in CBE
Banks financed foreign trade operations worth $70.8bn from pound floatation to 14 December 2017: CBE
The total volume of foreign trade operations implemented by banks working in the local market, during the period extending from 3 November 2016 until 14 December 2017, reached $70.8bn, according to the Central Bank of Egypt (CBE). Importation operations financed by the banks since floatation up until now included basic and non-basic commodities. Production materials …
New solid waste management system to be launched early 2018: environment minister
Minister of Environment Khaled Fahmy said that a new system for solid waste management will be launched early next year. He added, during his participation in the conference held by the Arab African International Bank (AAIB) on Tuesday to honour the winning teams in the environmental initiative to maintain Egyptian shores within the “Make the …
MSME finances 227,000 projects worth EGP 1.93bn in Beheira
Authority provided grants worth EGP 250m for implementation of labour-intensive infrastructure projects, community, human development projects in governorate, says Gamea
Why will CBE not allow Sawiris to establish a bank?
Majority of major banks in world started as family businesses
NBK investments in Egypt long-term, strategic: Al Sager
Success achieved by NBK since entry into Egyptian market exceeded all expectations
NBK – Egypt targets 20% total growth in 2018: CEO & managing director
NBK Group fully believes in Egyptian market, potential opportunities it offers, promising future ahead, says Hassan
NBE deposits at EGP 900bn, loans EGP 400bn up to mid-December 2017: bank VP
We aim to achieve growth rates of 15-20% by end-June 2018, our expansions in SME finance without limits
MSME injects EGP 1.5bn into development projects in Kafr El-Sheikh
MSME has injected EGP 932m to fund 20,000 small enterprises, EGP 433m to fund 77,500 micro enterprises, says Gamea
MSME to finance 4,000 micro, small projects in Matrouh worth EGP 76.5m: chairperson
Gamea, Matrouh governor meet with 250 young investors to facilitate, finance projects
Foreign remittances reach $24.2bn a year since floatation
Increase among results of floatation, proof of confidence in Egyptian banks: CBE
EGP 51.9bn increase in deposits, EGP12.7bn increase in bank credit facilities during September 2017: CBE
Private sector received 61.95% of total non-governmental credit facilities in banks, industry sector at top of beneficiaries
EGP 49bn increase in loans for SMEs in 1 year: CBE deputy governor
CBE met NBG officials to identify bank strategy, no formal request yet to exit Egypt
Egypt is among important foreign markets for NBK Group
NBK celebrates 10 years in Egyptian market
Local banks, foreign financial institutions offer investments worth $1.29bn in Egyptian T-bills
Highest interest rate on investment in those bills is 3.5%, while lowest rate is 3.47% and the average is 3.495%
MSMEs Development Agency starts providing services to Shaq El-Teaban investors
A special office to provide financial and non-financial services to SMEs as well as technical training and marketing support
Non-performing loans decline to 5.3% of total bank loans end-September 2017
The percentage of non-performing loans at banks working in the Egyptian market declined to 5.3% of the total loan portfolio by the end of September 2017, compared to 5.5% in June 2017, according to the Central Bank of Egypt (CBE). The CBE explained in a recent report about financial safety that the percentage of non-performing …
Egyptian banks score EGP 44.75bn profits end-September: CBE
Top five banks account for 46.67% of total profits, top 10 accounts for 63.16%
$1.5bn surplus in Q1 FY 2017/2018 balance of payments: CBE
Exports increased to $5.8bn between July and September 2017, against $14.8bn imports
CBE offers $1bn worth of T-bills on Monday
Proceeds to cover earlier offering made on 13 December 2016 worth $1.1185bn
IDWBE loans portfolio up EGP 3bn in 18 months
Deposits up EGP 10bn from April 2016 to October 2017, says Fahmy