Ambiguity surrounding CBE’s decision on interest rate in Sunday’s meeting
IMF confirms that using interest rate is the right tool to face inflation in Egypt, the market excludes the possibility of increasing the interest rate
Hossam Mounir
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Good performance indexes in banks by end of January: CBE
EGP 67.2bn increase in volume of deposits, EGP 52.8bn in loans
Credit Agricole not considering leaving Egyptian market
We have launched our activities in the Egyptian market 10 years ago and seek to continue and expand it, says Drion
Egyptian-Chinese cooperation in field of manufacturing electric transformers, smart counters
First founding assembly of “We Can” company will be held on Sunday to start the establishment of a plant to produce anti-tumour treatments
CBE completes new Banking Law draft, sends it to FEB for review
Foreign exchange shortage is over as Egypt collected $45bn since flotation, says CBE Governor
Crédit Agricole collected $1bn of hard cash since flotation
François Edouard Drion, chairperson and managing director of Crédit Agricole Egypt, said that the bank collected $1bn of hard cash since the flotation.
Official unemployment rate drops to 12% in Q1 2017
5.302 million people work in agriculture and fishing, equivalent to 20.7% of employed workforce, according to CAPMAS
Banque Misr negotiates with international funding institution to obtain new dollar debt: bank’s chairperson
The bank signs a loan agreement with CDB for $500m during its participation in the Silk Road Conference
Attijariwafa Bank aims to become one of Egypt’s 10 biggest banks in 7 years
Flotation does not worry us, as we expected the move but did not predict its size, El-Kettani states
Establishment of Financial Inclusion Unit to support, strengthen financial inclusion in Egypt: Bassiouny
Khaled Bassiouny, general director of the Financial Inclusion Unit at the Central Bank of Egypt (CBE), said that the objective of establishing this unit and its subordination to the CBE governor in person is to support and enhance the financial inclusion in Egypt. The CBE recently set up a financial inclusion unit and appointed Khaled …
Negm reveals CBE’s efforts for achieving financial inclusion in Egypt
Financing SMEs, limited and middle-income people housing were the most important CBE initiatives
Ministers of planning, education attend business forum at BUE
Qalaa Holdings’ managing director discusses potential for economic cooperation between Egypt and the countries of sub-Saharan Africa
CBE obliges banks to not deal with more than 7 exchange bureaus
Banks and companies granted 4-month transition period to adjust, says Negm
CBE launches initiative to finance microenterprises at end of May
About 37,000 small and medium-sized companies received loans worth EGP 101bn between December 2015 and December 2016
EBI organises 9th annual conference on enhancing financial inclusion in Egyptian banking sector
Institute also completes initial draft of the National Strategy for Financial Education
Banks, companies, authorities have to work together for financial inclusion: ALEXBANK CEO
“Egyptian banks are qualified to support the achievement of financial inclusion”
To achieve financial inclusion, we first must reach a phase where clients can dispense with visiting branches: El-Bassiouny
Establishment of HDB aimed at enabling those without bank accounts to obtain housing and banking services
Banque Du Caire serves more than 3.8 million customers
The bank gives great attention to micro finance and SMEs, says Soliman
Financial inclusion needs strategic vision and government support: Visa director in Egypt
Egyptian government is striving to spread financial inclusion and is taking concrete steps to achieve this, says Mahfouz
Lack of financial inclusion impedes economic growth: UNB-E vice chairperson
“Public and private sectors should work together based on a well-studied plan to achieve financial inclusion in Egypt”
EAB is most capable bank for achieving financial inclusion: chairperson
We have 1,210 branches, equivalent to about 27% of the total number of bank branches in Egypt, and we can reach about 40-50% of the total number of citizens, says El-Kosayer
Attijariwafa Bank to announce work plan in Egyptian market after acquisition of Barclays-Egypt
The EGX has announced the sealing of the deal, worth $494.997m, on Tuesday
Bank Audi Egypt launched youth products during Financial Inclusion Week
Increasing financial inclusion eliminates informal economy, says Fayed
Banque du Caire opens 5,200 new accounts during Financial Inclusion Week
The bank’s staff took to more than 75 locations, including universities, clubs, youth centres, and shopping centres
EAB attracts EGP 55m deposits in Financial Inclusion Week
The bank also attracted 7,500 new clients during the week
Development of technological infrastructure of EAB costs EGP 1bn
The development process may extend to about 3 years, and the bank aims to provide the best modern banking services for Egyptian farmers, Elkosayer said
Feather Invest injects EGP 95m to develop Arafa El Gamea after acquiring 75% of its shares
The company has examined about 124 direct investment opportunities in the industrial field in Egypt over the past two years
$8bn total transfers from Egyptians working abroad in 5 months: CBE
Total remittances in March 2017 were worth $1.6bn, compared to $1.5bn in March 2016
Egyptian-Saudi cooperation to produce elevators and escalators
We seek to cooperate with the Ministry of Military Production to establish a factory to manufacture and install elevators and escalators of various kinds, says Abdullah
Suez Canal Bank appoints Hussein El-Refaie as new chairperson
The new board will hold its first meeting within days to discuss the bank’s strategy over the next three years amid expectations of achieving profits of EGP 1bn by the end of 2017