Latest in Tag: CBE Highlight
Latest in Tag: CBE
CBE extends initiative to support tourism sector until end-December 2019
The Central Bank of Egypt’s (CBE) board of directors decided to extend its initiative to support the tourism sector until the end of December 2019. According to the CBE, during this period all applications to postpone dues to banks will be accepted for a period up to three years. The CBE has launched this initiative …
Banks allocate EGP 114.602bn to face doubtful debts end-September: CBE
The ratio of non-performing loans up to 4.4% of total loans in Q3 2018
Inflation includes Brent crude price rising to $76.7: CBE
Government aims to curb overall budget deficit to 8.4% of GDP in FY 2018/19
FX Reserves to external debt highest in 6 years: CBE
An additional $12.7m new increase in FX reserves, reaching $44.513bn by the end of November
CBE officials unveil reason to end mechanism of foreign investors funds’ transfers
Removal of limits on FX transactions restore confidence in banking sector: Negm
Market welcomes CBE’s decision to end foreign investors funds repatriation mechanism
Decision planned since flotation in November 2016, we aim to direct investment funds money directly to market: Amer
EGP liberalisation eliminated all FX shortage
Egypt’s payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for FY 2017/18
FocusEconomics forecast CBE cut overnight deposit rate to 14.25% in CY 2019, 11.71% in CY 2020
Total investment to grow10.5% in FY 2019, 9.9% in FY 2020
Credit facilities granted by banks to clients increase by EGP 28.2bn in Q3 2018
Private business sector obtains 61.3% of these facilities, industry sector benefit most, says CBE
EU strengthens CBE’s efforts on financial inclusion, banking supervision
Egyptian women’s financial inclusion also high priority, number of initiatives being implemented in close coordination with relevant stakeholders
Egypt shares to move sideways as CBE leaves interest rates on hold
EGX30 closed almost flat last week as foreign investors book gains awaiting fresh stimulus
CBE floats €675m T-bonds on Monday
Bonds bear maturity of 364 days, due on 12 November 2019
CBE reviews interest rates on Thursday
MPC cut interest rates twice this year, kept them unchanged during 4 consecutive meetings
CBE to apply new obligatory entrepreneurship certification for bankers
Bank currently preparing another certification for business development services
Highest level of FX reserves in history reached by end of October
CBE: $86m increase in value of gold, foreign currencies balance down by $36m
Household sector accounts for 78.8% of total bank deposits by end of August 2018: CBE
Deposits growth rate at 18.79%, local currency deposits at 22%, foreign currencies deposits at 9.7%
Two years since currency floatation
Foreign exchange reserves up by $25bn, hard cash flow increased, inflation declined, external debt $92.6bn
Egypt’s average external debt per capita records $883.9 in June 2018: CBE
External debt up to $92.6bn in June 2018, $79.032bn in June 2017, an increase of $13.6bn
Nile Pioneers sponsors 2018 NASA ‘Space Apps Challenge’ in Cairo
CBE places technology as key driver to achieve financial inclusion, enhance entrepreneurial environment
CBE’s governor calls for recovery of Africa’ smuggled funds
Amer, Lagarde co-chaired African Consultative Group meeting in Bali
CBE’s renewal of repurchase agreement with international banks to provide some support for FX reserves: Beltone
Company expects local currency will stabilise against dollar for rest of 2018, with possibility of slight fluctuation below EGP 18 per dollar
NPLs fall to 4.3% of total loans at end June 2018: CBE
Provisions to combat doubtful debts amounted to EGP 109.294bn in H1
CBE enters $3.8bn financing agreement with consortium of international banks
The Central Bank of Egypt (CBE) agreed to enter into a new repurchase transaction with a consortium of international banks, for a total amount of $3.8bn, a final maturity of 4 years and six months, and an average life of 3 years, the CBE announced on Thursday. The consortium includes; Citigroup Global Markets Limited, Credit …
Net foreign reserves increase by $40m, reaching $44.459bn by end of September: CBE
Foreign currencies up by $60m, gold down by $19m
Credit facilities granted by banks to clients until July score EGP 1.631tn
Private Sector acquired 61% of facilities, industries in forefront: CBE
BOP marks surplus of $12.8bn in FY 2017-2018: CBE
58.6% drop in current account deficit to $6bn, down from $14.4bn in FY 2016-2017
Swedish officials, businesspersons to attend traffic safety seminar in Egypt
Collaboration between CBE, Sweden in e-payments, says ambassador
Banks injected EGP 110bn to finance SMEs within CBE’s initiative: CBE Deputy Governor
CBE secures EGP 2bn as CGC guarantee, encourages banks to finance agriculture projects, says Helal
Egypt shares to sustain gains as Central Bank leaves interest rates unchanged
EGX 30 rallies 3.8% or 548.9 points, closes at the level of 14,632.40 points
Banque du Caire ready to go public at anytime: chairperson
Full coordination between board of directors of bank, its owner, CBE, Finance Ministry underway to determine appropriate time to float