Latest in Tag: CBE Highlight
Latest in Tag: CBE
We are continuing to move economy, Egyptian people to unprecedented place: CBE governor
President showed great courage in face of challenges, giving us support to make difficult decisions, says Amer
CBE offers $715m worth of T-Bills
Offering’s proceeds to cover earlier offering made on 16 June 2017
Total bank credit facilities increase by EGP 60.5bn in 7 months
Private business sector accounts for 61.3% of total facilities, notably industrial field, says CBE
FX reserves continue north, scoring $44.14bn end-May
The foreign exchange (FX) reserves balance at the Central Bank of Egypt (CBE) continued to rise during May 2018 to reach $44.14bn, up from $44.03bn at the end of April, rising by $110m. The level of foreign exchange reserves marks the highest ever in the history of the CBE. The level of reserves covers over …
Deposits up EGP 65bn, loans rise EGP 23bn in January 2018: CBE
The volume of deposits at banks operating in the domestic market jumped in January 2018 to EGP 3.39tn from EGP 3.32tn in December 2017, an increase of EGP 65bn, according to the Central Bank of Egypt (CBE). In its recent report, the CBE said that total government deposits increased in January 2018 to about EGP …
HDB targets EGP 8.82bn in deposits, EGP 3.7bn loans portfolio by end-2018
Bank aims to increase profits by 50% to EGP 1.5bn
CBE studying Swedish experience in becoming cashless society
Intensive meetings with Swedish central bank fintech experts, startups, payment service providers to discuss mutual cooperation, experience exchange
Egypt shares to move sideways as CBE interest rates decision, Ramadan weigh
Foreign investors extend profit-taking awaiting fresh stimulus to rebuild positions
CBE maintains interest rates in the wake of rising oil prices
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to maintain interest rates at their current levels, according to a statement issued by the CBE on Thursday. On April, The MPC decided to cut interest rates by by 100 basis points (1%). For the second time in 2018, each of the overnight deposit …
CBE reviews interest rates
Market expectations shift from cuts to maintaining
Remittances record $17.3bn in 8 months: CBE
Egypt receives foreign exchange inflows of about $120bn since flotation, says Amer
Falling inflation allows another interest cut: Beltone Financial
Despite rising interest rates in emerging markets, Egypt’s strong outlook, exchange rate stability justify continued opportunity to invest in fixed income instruments
Ideally, CBE should not intervene to influence exchange rate: HC Brokerage chief economist
HC Brokerage agrees with the Central Bank of Egypt (CBE)’s governor, Tarek Amer, that exchange rate volatility is normal, and that it should be widely accepted by all, including consumers and the investment community, chief economist at HC Brokerage, Sara Saada, told Daily News Egypt on Monday. However, it is not very clear from the …
Egypt achieving great development through strong, bold economic decisions: IMF
We will intervene in exchange rate market if prices become within unacceptable ranges, says CBE governor
Local, foreign financial institutions offer to invest $1.28bn in T-bills
CBE accepts $1.1bn, with average interest of 3.29%
CBE offers treasury bills worth $1.1bn
Proceeds to cover previous tender on 9 May 2017 worth $1.21bn
FX reserves climbed to $44.029bn end-April 2018: CBE
Foreign exchange reserves at the Central Bank of Egypt continued to rise in April 2018, reaching $44.029bn from $42.611bn at the end of March 2018, an increase of about $1.418bn. This marks the highest level of foreign exchange reserves in the history of the Central Bank of Egypt. The reserves are sufficient to cover over …
CBE launches global tender for consultancy to study Arab electronic payments system
32% of Egyptians deal with banking system, post offices, Hussein says
New banking law presented to CBE board of directors: Amer
Kuwait agrees preliminary to renew $4bn deposits to Egypt, says CBE governor
Decline in private sector’s share of bank loans to 63.2% end-2017: CBE
Banks still prefer to lend to government, abandon role in providing credit to other sectors to enhance business, investment, says Aboul Fotouh
IMF, CBE, government to host inclusive growth and job creation conference on May
The International Monetary Fund (IMF), the Central Bank of Egypt (CBE) along with the Egyptian government, will co-host a high-level conference in Cairo, on May 5-6. According to a press statement issued by the IMF on Friday. The conference aims to promote higher economic growth and job creation in Egypt to meet the needs of …
Deposits up EGP 56.02bn, credit facilities rose EGP 22.18bn in December 2017: CBE
Private business sector received 61.4% of total non-governmental facilities, industry tops sectors
Average of 30-40 bps cut in banks’ net interest margin expected following CBE cuts: Beltone
Lengthening durations of assets while shortening those of liabilities are key defense mechanisms
Beltone expects CBE to cut interest rates by 2% by end-FY 2017/2018
Institution expects inflation slowdown to reach 12.8%, in line with CBE’s target of 13% ±3% by end-2018
Egypt shares likely to move upwards as CBE extends easing cycle
EGX30 among region’s best performer in Q1; rises 16% to 17,450 points
Banks begin intensive discussions to review interest rates on loans, deposits after CBE cut them
BM considering fate of 17% certificates, other savings vessels, says El-Damaty
CBE cuts interest rates 100 bps for 2nd time in 2018
The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided to cut interest rates by 100 basis points (1%), according to a statement issued by the CBE on Thursday.
Do cryptocurrencies have a future in Egypt?
The Central Bank of Egypt (CBE) has also warned against dealing in bitcoin and other cryptocurrencies
CBE to review interest rates on Thursday
Market uncertainty over expected MPC decision, as inflation eases, interest on dollar rises globally
CBE directs banks to stop granting credit facilities to medium companies within 12% initiative
Banks exhausted EGP 10bn allocated by CBE as part of initiative, says Negm