Latest in Tag: CBE Highlight
Latest in Tag: CBE
FX reserves end 2017 at record high of $37.02bn
Forex reserves increased by $333m, despite payment of $3.2bn to Afreximbank, says CBE
CBE extends tourism support initiative to December 2018
The Central Bank of Egypt (CBE) decided to extend its tourism support initiative to December 2018, an initiative that was originally launched in December 2015, according to a press statement released by the bank on Thursday. The initiative aims to provide financing facilities to tourism-related activities, including the construction and renovation of hotels and tourist …
Egypt shares seen moving sideways as CBE keeps interest rates on hold
EGX30 rises 2.35% in a week, hovers around all-time high
Strong expectations to fix pound’s interest rate at Thursday CBE meeting
MPC to hold 8 meetings in 2018 to look into destiny of basic yield prices in CBE
Registration for 1st phase of “women leading the future” programme opens
The Central Bank of Egypt, the National Council for Women (NCW), and the 50th Forum announced the opening of registration for the first phase of the “women leading the future” programme, which is the first of its kind in a partnership between the government and the private sector. This came during a general meeting, which …
Why will CBE not allow Sawiris to establish a bank?
Majority of major banks in world started as family businesses
NBK – Egypt targets 20% total growth in 2018: CEO & managing director
NBK Group fully believes in Egyptian market, potential opportunities it offers, promising future ahead, says Hassan
EGP 51.9bn increase in deposits, EGP12.7bn increase in bank credit facilities during September 2017: CBE
Private sector received 61.95% of total non-governmental credit facilities in banks, industry sector at top of beneficiaries
CBE likely to embark on easing cycle as inflation declines
The bank could cut interest rate by 1% in the December meeting, say analysts
Non-performing loans decline to 5.3% of total bank loans end-September 2017
The percentage of non-performing loans at banks working in the Egyptian market declined to 5.3% of the total loan portfolio by the end of September 2017, compared to 5.5% in June 2017, according to the Central Bank of Egypt (CBE). The CBE explained in a recent report about financial safety that the percentage of non-performing …
Egyptian banks score EGP 44.75bn profits end-September: CBE
Top five banks account for 46.67% of total profits, top 10 accounts for 63.16%
$1.5bn surplus in Q1 FY 2017/2018 balance of payments: CBE
Exports increased to $5.8bn between July and September 2017, against $14.8bn imports
CBE offers $1bn worth of T-bills on Monday
Proceeds to cover earlier offering made on 13 December 2016 worth $1.1185bn
CBE approves ABE EGP 200m for veal project from SMEs portfolio
Bank to sign EGP 50m contract with MSMES Development Agency to finance women’s projects before year-end
Egypt did not request extending maturity of CBE $2bn Kuwaiti deposit: senior government official
UAE agreed to extend the maturity of its $2bn deposit with CBE until July 2023
CBE pays $600m to Afreximbank
Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the CBE paid $600m to the African Export-Import Bank (Afreximbank). This increases the total amount repaid by the CBE to Afreximbank to $2.6bn, according to the Middle East News Agency. Amer said that the last installment due to Afreximbank worth $600m will be …
Gold value behind CBE foreign reserve hike in November
Value of gold increased to $2.702bn, up by $63m from October
CBE pays Afreximbank $2bnÂ
Foreign exchange reserves continue to rise, reached $36.723bn at end November 2017
CBE to receive EALB development plan by early 2018: EALB chairperson
We have managed to attract new deposits worth over EGP 1.2bn while negotiating new loans worth over EGP 2bn in food, real estate development, petroleum, grain storage sectors, says Kamal
Importing companies to achieve stronger financials on CBE decision
Decision removes obstacles we were facing, says Cairo for Drugs chaiperson
Egypt scraps foreign exchange restrictions for importers
CBE removes caps for deposit, withdrawal of foreign currency for importers of non-essential goods
Real estate sector supports CBE decisions, complains about interest rate increases
Liberalisation of exchange rate was required and took too long, says Hassanein
Amer saved Egypt by liberalising exchange rate: Selim
Even with support from political leadership, if not for his bravery, decision would not have been made, asserts banking expert Banking expert Ahmed Selim believes that the most important, even historical, decision made by Tarek Amer was the liberalisation of the exchange rate, noting that the decision should have been made in the past 20 …
His decisions contributed to improving business environment, had great impact on economic reform: Aboul Fotouh
The success of the CBE governor is also the effort of the bank’s board of directors, says banking expert
Amer took responsibility for many difficult, brave decisions: Abdelaal
CBE governor is a man in love with Egypt, says board member of Suez Canal Bank
Amer’s decisions had major positive impacts on the economy and banks: Aboul Fotouh
He managed to convince everyone that exchange rate liberalisation was necessary, says NBE vice chairperson
He managed 4 major files efficiently: Fahmy
Amer is a nationalist capable of making bold decisions without fear, says Fahmy
Amer true engineer of economic reform: Kamal
CBE governor made history with bold decisions: chairperson of the Egyptian Arab Land Bank
CBE, MasterCard discuss pushing digital payments in Egypt
MasterCard cooperated with the Egyptian government in issuing 4.6m payroll cards for government employees
Issued currency up EGP 17bn
Total currency issued by the Central Bank of Egypt (CBE) amounted to EGP 462.855bn by the end of August 2017, compared to about EGP 445.898bn in July 2017, an increase of about EGP 17bn. According to the CBE, the issued currency to gross domestic product (GDP) ratio was 11.36% in August, compared to 10.95% in …