Latest in Tag: CBE Highlight
Latest in Tag: CBE
Credit facilities for 100 largest bank clients increase to EGP 603bn: CBE
Facilities are concentrated in 17 sectors, with 6 sectors accounting for 74.6%
CBE studies using central bank digital currency
Central bank of Egypt forms work committees to examine CBDC usage in cooperation with several international bodies
CBE spots illegal foreign exchange trading schemes
$55m was withdrawn from Egyptian credit and debit cards abroad in one day
CBE extends two tourism support initiatives to March 2023
Initiative allows postponement of debt payment
CBE offers one-year incentives to support e-payments
Under new incentives, Egyptian pound-backed transactions made online will be exempted from all fees until December 2023
CBE warns of misuse of bank cards, fraud to obtain foreign exchange without need for it
We monitored the use of some credit, debit cards in operations abroad, despite their holders being inside the country: CBE
CBE pushes for sustainable financing in banking sector
100% of Egyptian banks measure carbon footprint of their internal activities: CBE
HC Securities expects CBE to raise basic rates by 2% next Thursday
This move would counter high inflation, attract inflows benefiting from price differences
CBE throws light on Egypt’s high inflation in November 2022
November’s high inflation was mainly caused by 27 October currency devaluation, continued repercussions of Russian-Ukrainian conflict
CBE reveals top indicators of financial safety for banks by end of 3Q 2022
EGP 93.4bn in net profits, top 10 accounted for 78.29%
EGP 14.596bn increase in the value of CBE’s gold balances by end of November 2022
According to the financial statements of the CBE, the bank’s total assets rose to EGP 3.699 trillion at the end of November, compared to EGP 3.480 trillion — an increase of EGP 219bn.
CBE, Egyptian government affirm bank confidentiality is not compromised
Provisions of Unified Tax Procedure Law relates to exchange of information with foreign tax authorities, not Egyptian Tax Authority
Banks expand financial services to people with disabilities upon CBE directives
This aims to facilitate citizens’ access to banking services, products
Volume of domestic liquidity in banking sector increased to EGP 7.182 trillion by end of October 2022: CBE
The volume of non-governmental deposits in local currency increased to EGP 5.254 trillion, while foreign deposits amounted to about EGP 1.121 trillion
Egypt’s PM, CBE Governor follow up on necessary FX reserves for importing basic commodities
The meeting comes within the framework of coordination between the government and the CBE to ensure the availability of sufficient stocks of basic commodities, the Cabinet said in a Sunday press statement.
Egypt records 131% growth in financial inclusion rates from 2016 to June 2022: CBE
The total number of people with accounts that enable them to conduct financial transactions amounted to 39.6 million citizens — 60.6% of citizens 16 years and over
CBE hosts 26th meeting of COMESA Central Bank Governors Committee
Central banks could rescue economies from recession, ensure sustainable growth: CBE Governor
External debt service payments amount to $26.3bn in FY 2021/22: CBE
Due instalments reach $21.7bn, interests record $4.6bn
756,000 tonnes of feed worth $370m released within a month in coordination with the CBE: Agriculture Ministry
196,000 tonnes of corn and soy fodder with a value of $88m were released over the past week
Egypt’s PM transfers burden of cost of 5 low-return initiatives to 3 ministries instead of CBE
The initiatives include real estate financing for low- and middle-income people, support for tourism, vehicle replacement, and modern irrigation
CBE issues binding regulations to foster sustainability and sustainable finance
This includs the establishment of an independent department for sustainability and sustainable finance within each bank
CBE obtains USD for over 4,000 shipments of production requirements, food commodities over past 48 hours
Factories must ensure balance in EGP covers value of shipments according to current currency rate
Egypt records EGP 1.12-trillion-increase in volume of domestic liquidity in banking sector over 9 months: CBE
Total non-governmental deposits in local currency with banks amounted to about EGP 5.253 trillion
183,000 tonnes of fodder worth $94m released in coordination with the CBE: Agriculture Minister
There is continuous follow-up and full coordination with the CBE and the Poultry Federation for the periodic release of corn, soybeans, raw materials, and feed additives
CBE’s decision to liberalise exchange rate to increase property prices: Experts
They added that it will also bring about a state of confusion among real estate companies that were able to sell their projects before the construction phase.
CBE sets controls for financial derivatives at banks
Banks present their plans to operate in derivatives market
CBE justifies complete liberalisation of EGP’s exchange rate
These measures aim to ensure macroeconomic stability and achieve sustainable, comprehensive economic growth
CBE’s recent measures harsh but necessary: BLOM’s Former VP
We have confidence in those currently managing the situation in CBE to overcome this crisis
ALCOs hold meetings to discuss fate of interests after CBE’s 2% basic rate increase
Yield on some savings certificates, loan products to automatically increase by same percentage
CBE issues regulatory controls for forward exchange contracts at banks
The Central Bank of Egypt (CBE) issued on Thursday the regulations of forward exchange contracts at banks operating in Egypt.