Latest in Tag: CBE Highlight
Latest in Tag: CBE
CBE encourages banks to invest in funds for emerging small businesses
Decision comes complementary to previous efforts by CBE to support MSMEs, says Negm
Banks’ credit facilities see EGP 206.7bn increase in last 8 months: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead
New Banking Law requires 25 banks, 4 foreign branches to raise capital
Banks such as IDB, ABE, ELAB, EBE do not fall under the specialised banks category, will not be exempted from EGP 5bn minimum capital: Negm
US dollar loses over EGP 1 of its value since start of year
Expectations for US dollar to reach EGP 16.5
Egypt’s foreign trade reaches $47.8bn in second half of 2018: CBE
Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by China
EBRD cooperates with CBE to support liquidity in Egypt’s capital markets
Bank helps with restructuring Nilex, says Fink
Banking draft law will not impose term limits on state-owned banks’ board members: source
The source explained, in a statement to the Middle East News Agency, that the law does not determine term limits for bank officials, including heads of banks and board members, pointing out that this applies to state-owned and private banks.
Pundits expect CBE to hold interest rates unchanged on Thursday
April’s inflation slowdown is temporary, may pick up again by end-May: analysts, investment banks
Egypt’s domestic debt exceeds EGP 4tn in December 2018: CBE
The CBE said in its monthly report on Tuesday that the domestic debt reached 78.2% of GDP.
Interest rate likely to be fixed during CBE’s Thursday meeting: HC Securities
Company expects CBE to continue trend toward reducing interest rate by end of Q3 or Q4 of 2019
Banking draft law to be sent to parliament for approval before end-May: source
It stipulates establishment of committee chaired by prime minister to maintain stability of state’s financial system
US dollar continues decline below EGP 17 for first time in two years: CBE
The average price of US dollar in banks reached EGP 16.99 for buying and EGP 17.09 for selling, according to the CBE
Pound appreciated 84 piasters since beginning of 2019: CBE
US currency is approaching EGP 17 against pound, as foreign exchange flows increase in Egypt
CBE governor, communications minister discuss expanding banking services in villages
Amer witnesses signing cooperation protocol to train workers of banking sector in fields of information security, data analysis, financial technology, AI
Egypt’s external debt rises to $96.6bn by end of December: CBE
Egypt’s external debt rose to $96.6bn by the end of December 2018, compared to $82.88bn by the end of December 2017, an increase of $13.7bn, according to Central Bank of Egypt (CBE) on Wednesday. The CBE added that long-term external debt recorded $86.3bn by the end of December 2018, an increase of $1.4bn from December …
Twenty-nine foreign, domestic investors offer to invest $1.25bn in Egyptian T-Bills
CBE accepts 23 offers worth $1bn with 3.85-3.9% interest
CBE considers amending primary dealers system to encourage secondary debt market
Proposals include activating bonds market maker, allocating share of dealers to secondary trade, share for brokering companies
World Bank’s cooperation with CBE to issue fintech sandbox is conditional: Mohieldin
Municipalities in Egypt should have clear detailed budgets first to be qualified for issuing bonds
Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn
Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end of March 2019
US investment fund to buy United Bank of Egypt in 3 months, CBE to maintain stake: Amer
The United Bank of Egypt will be sold to a major US investment fund within three months, the Central Bank of Egypt’s (CBE) Governor Tarek Amer revealed on Monday. Amer told Daily News Egypt that the CBE will retain a stake in the bank, without revealing the size of this stake. The CBE owns 99.9% …
US dollar at lowest level since March 2017
US dollar loses 2 more piasters on Sunday to take losses to 75 piasters since mid-January 2019
Is Egypt ready for Electronic Payments Law as it comes into force?
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations
CBE extends its initiative to support defaulters at ABE until June
Troubled debts up to EGP 4bn to be settled over nine months, including EGP 929m for 11,404 clients in CBE, says El Kosayer
CBE to renew up middle housing projects initiative in July: REDC
Banking sector representatives express their appetite on financing real estate
Capital flows will be linked to three factors: CBE
January 2019 saw return of capital to EM since exodus in February 2018
Egypt, IMF discuss future cooperation after loan ends: Amer
Tourism revenues estimated at $10-12bn this year, targeted to reach $20bn annually
Egypt’s foreign exchange inflows hit $150bn since November 2016
Washington, DC- Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn, Governor of the CBE Tarek Amer said on Friday. Amer added in an exclusive statement to Daily News Egypt on the sidelines of the International Monetary Fund’s (IMF) …
Egypt’s core inflation softened to 8.9%, CPI annual inflation records 13.8% in March
The Central Bank of Egypt (CBE) said that Egypt’s annual core inflation softened to 8.9% in March, down from 9.2% in February 2019. While, the monthly core CPI inflation, computed by the CBE, recorded 0.5% in March 2019, compared to 1% in February 2019. Core inflation is the change in the costs of goods and services …
Basic interest rates, future outlook of inflation consistent with our goals: CBE
Egypt’s real GDP growth softened to 5.3% Q3 2018, unemployment rate inched up to 10.0%
GAFI, parliament to discuss amendments to Law 159 to regulate bonds market
Authority’s CEO stressed Egypt’s attractiveness for FDIs following CBE’s estimation