Latest in Tag: CBE Highlight
Latest in Tag: CBE
CBE establishes financial inclusion information database
We aim to boost banking services’ beneficiaries, avoid duplication, says CBE
Banknote issue up to 11.41% of GDP in June: CBE
CBE issued EGP 486.726bn in June 2018, up from EGP 474.941bn in May 2018
CBE alters banks’ granting of credit facilities to public business sector companies
New rules for banks dealing with companies engaged in financing instalment sales
Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn
Private sector acquired 62% of facilities, industries at forefront, CBE stated
FX Reserves up to $44.419bn end of August: CBE
Foreign currencies up by $167m, gold down by $23m
Deposits up by EGP 11.8bn by end-July 2018: CBE
Volume amounted to EGP 3027.3bn up from EGP 3015.5bn at end of June 2018
Noticeable decline in bank deposit volumes in July 2018: CBE
EGP 4bn increase in domestic deposits, $493m increase in foreign currency deposits
Non-intervention in exchange market contributed to maintaining FX Reserves: CBE
Interest rate cut on pound supported rise in real asset prices on EGX
Banking sector stands firmly against violating its clients’ accounts’ secrecy
CBE governors strongly respond to statements to head of ETA on legislative amendment that allow looking at accounts of financiers
EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE
Deposits up EGP 10.8bn, loans grew by EGP 32bn
CBE keeps overnight deposit, overnight lending rates unchanged
The monetary policy committee (MPC) decided to keep the Central Bank of Egypt (CBE)’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 16.75%, 17.75%, and 17.25%, respectively. The discount rate was also kept unchanged at 17.25%. The CBE said in a press statement on Thursday that the anticipated …
Banks inject loans worth EGP 35.861bn, attract deposits worth EGP 41.5bn in April 2018: CBE
Private sector acquired 61.7% of total loans, EGP 11.4bn increase in individual loans
Foreign investments in treasury bills decline by EGP 64.8bn in May: CBE
This is not worrisome, as CBE is experienced in dealing with these investments, says Metwally
Trade exchange between Egypt, world amount to $65.625bn in 9 months: CBE
Imports at $46.814bn, exports at $18.81bn between July 2017 to March 2018
CBE to officially launch national payment card in electronic market by end of December
10% increase in electronic payment helps rising GDP with $1.5bn: sub-governor
Egypt’s foreign debt jumps to $88.1bn end-March: CBE
Local public debt rose by EGP 122.1bn in Q1 2018
Foreign Currencies in FX reserves up by $2.13bn in July, CBE
SDRs down by $1.017bn, gold in reserves drop by $54m
CBE hosts 41st annual meeting of AACB
Meeting held for first time in Egypt, with 40 African delegations
CBE reveals several important indicators of performance of banks during Q1 2018
More than EGP 39bn increase in volume of deposits, EGP 85.2bn in loans
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh
Does Egypt need more external borrowing?
Egypt’s lack of control over foreign debt could cause negative pressure on its credit rating in future, says Standard & Poor’s
Banks invested EGP 650bn in T-bills until end of March 2018: CBE
Government banks invested EGP 333bn, private banks invested EGP 279.8n, foreign banks invested EGP 26.1bn, and specialised banks invested EGP 11.1bn
Governmental banks start receiving defaulting clients’ requests to settle debts in implementation of CBE initiative
Initiative benefits companies whose debts are less than EGP 10m, individuals without credit card debts
Balance of payments records $11bn surplus between July, March in FY 2017/18: CBE
Egypt’s overall balance of payments (BOP), which measures Egypt’s dealings with other countries, recorded a surplus of $11bn in the first nine months of fiscal year (FY) 2017/18 (July 2017 to March 2018), according to the Central Bank of Egypt’s (CBE) report issued on Thursday. According to the report, the current account continues its improvement, …
CBE launches initiative to settle debts of 3,500 companies, 337,000 individuals
Initiative to benefit NBE, Banque Misr, Banque du Caire, Export Development Bank, EALB, ABE, UBE, IDWBE clients
CBE to launch innovation support fund worth EGP 1bn in H1 2019: CBE deputy governor
Banks injected EGP 85bn to fund SMEs within CBE’s initiative thus far, says Helal, Increase in EG Bank customer base to 200,000 thanks to new strategy adopted to support young people, says Assar
HC Securities expects deceleration of annual inflation, MPC to keep interest rates unchanged
Recent decision to hike fuel costs was by market, despite not announcing rates, timing, says Saada
Deposits up EGP 52bn, loans EGP 27bn end-February: CBE
Banks’ investments in stocks, bonds down EGP 37bn
Egyptian banks’ aggregate financial position breaks $5tn end-March 2018: CBE
EGP 24.376bn total profits in market, top five banks account for 64.875%
Amer briefs new PM on forex reserves updates, monetary, financial policy legislation
CBE governor discusses with communications minister enhancing cooperation to transform into digital economy, achieve financial inclusion