Latest in Tag: CBE Highlight
Latest in Tag: CBE
Egyptian parliament delays approval of CBE Law
IMF assists Egypt to modernise CBE, banking sector
Egypt’s tourism revenues hike by 38.7% during H1 of current FY: CBE
Experts contend entry of new source markets, state’s political, security stability behind high tourism revenues
$52m increase in Egypt’s foreign exchange reserves to $44.11bn end-March 2019
The Central Bank of Egypt (CBE) has revealed an increase in foreign reserves by $52m by the end of March 2019, reaching $44.11bn, compared to $44.06bn by the end of February 2018. This level of reserves covers more than eight months of commodity imports in Egypt. The foreign exchange reserves increased by 14.9% or $5.53bn …
Fixing 95 octane’s price supports chance for 1% interest cut during CBE’s meeting in May ‘19: Beltone
Decision confirms our vision to contain inflationary pressures in H1 of 2019
Merchandise export earnings increase by $2.2bn in H1 of FY 2018/19: CBE
Balance of petroleum trade achieves surplus for first time in 4 years, reaches $150.8m
Resignations, leadership reshuffle in banks operating in Egypt
More changes expected over upcoming period as new Banks Law gets issued
Banks operating in Egypt are strong, safe: CBE
NPLs down to 3.9% of total loans by end-2018
Banks supported their capital by EGP 9.69bn in 2018: CBE
Value of financial position of Egyptian banking sector’s units increases by EGP 619.3bn
Banks’ net profits increase to EGP 70.2bn by end-2018
Ten biggest banks account for 63.9% of sector’s total profits, while 5 largest banks account for 48.2%
Egyptian market expects another interest rate cut on Thursday
Several factors favour cut, others weigh on fixing, final decision is in hands of MPC, say analysts
CBE demands from banks to increase funding to agricultural sector
Banks to fund cooperatives in small enterprises initiative with interest rate discount of 5%
GSMA, CBE discuss inter-countries mobile financial services in Africa
Mobile money industry processed $1.3bn in transactions per day during 2018
CBE aims to transform Egypt into regional centre for new generation of EFS: Ayman Hussein
Bank to establish centre for innovative fintech solutions, allocates EGP 1bn to support startups
EGP 735.59bn bank investments in T-bills by end-December 2018: CBE
Banks supported their securities portfolio with EGP 202.23bn in 2018
CBE governor calls for enhancing independence of central banks in Africa
During meeting of Association of African Central Banks in Dakar
CBE, AFI co-organise working group meetings in Cairo
The Central Bank of Egypt (CBE) and the Alliance for Financial Inclusion (AFI) launched jointly a series of key working group meetings in Cairo on Monday 11 March. This is the second event co-organised by the two institutions. Deputy Governor of the CBE, Lobna Helal, and Deputy Executive Director of the AFI, Norbert Mumba inaugurated …
CBE, government welcome parliament’s approval of E-Payment Law: CBE’s deputy governor
The Central Bank of Egypt (CBE) welcomed the parliament’s approval of the E-Payment Law which will regulate non-cash payments, the Deputy Governor of CBE, Lobna Helal, said on Tuesday. She explained that one of the goals of the new law is to enable the Egyptian society to turn into a digital one. She pointed out …
Beltone Financial expects another interest rate cut in next CBE meeting
Increase in inflation readings does not affect our forecast for inflationary pressures in 1H19, says research note
CBE excludes beans, rice, lentils from monetary insurance required for import
The Central Bank of Egypt (CBE) issued on Thursday new directives regarding the controls of import processes that take place through banks. The CBE has allowed banks to exclude beans, rice, and lentils from the monetary coverage required for import processes-which is estimated to be 100% of the volume of these processes-for trade purposes, for …
Fate of inked banknotes remains vague
Rumours of banning banknotes with handwritings on them, banks deny, CBE silent
CBE imposes sanctions on 28 currency exchange companies in 2018
Procedure came as result of violations to CBE’s regulations, conditions
CBE approves issuing EGP 870.3m worth ‘Aman’ certificates
NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March 2018
CBE interest rate cut won’t benefit automotive market: experts
Decline was limited, will not stimulate car sales, say banks
$1.44bn increase in foreign reserves to $44.06bn end-February: CBE
The foreign exchange reserves at the CBE have increased by $1.44bn by the end of February 2019, reaching $44.06bn, compared to $42.617bn by end of January 2019. The foreign exchange reserves recorded an all-time high by the end of November 2019, when they reached $44.51bn. The CBE has not revealed the reason behind the increase …
EPG 489.138bn increase in banks’ deposits in 2018: CBE
Government’s deposits hit EGP 391.7bn, family sector deposited 66% of them
Limited response from banks to CBE’s decision to cut interest in first week
Banks move interest on variable yield certificates, others cut interest on deposits, savings accounts
CBE sets new controls for mortgage finance initiative for low-income individuals
Mortgage finance will be provided for clients who meet CBE’s conditions
For first time, CBE instructs banks to protect clients’ rights
Instructions have been in effect since 13 February, banks were given one-year period to adjust their situations
CBE pays EGP 114.4bn of interest on Deposit Operation in FY 2017/18
Bank turns from profits of EGP 12.66bn in FY 2016/17 to losses of EGP 33.34bn in FY 2017/18
Yields on Egypt’s T-Bonds down by 0.65-0.89%
Interest rates, accepted by finance ministry, on 3-year bonds fall between 16.4-16.58%, yields on 7-year bonds record 16.74-17.15%