Latest in Tag: CBE Highlight
Latest in Tag: CBE
CBE raises EGP value against dollar by 20 piasters
The central bank will also cover 25% of the temporary credit facilities granted by banks to their clients importing in foreign currencies
CBE to provide $4bn in hard currency for import contracts: FEI head
NBE and Banque Misr provided $800m in the past few days to release goods in ports, says El-Sewedy
CBE to convert $4bn worth of dues on importers to local currency
Tarek Amer holds frequent meetings with public bank heads to discuss developments in the foreign exchange market and to solve the problems they face
Foreign exchange reserves increase $80m in October: CBE
Foreign exchange reserves at the Central Bank of Egypt (CBE) increased by $80m during October, to reach $16.415bn from $16.335bn in September, according to a CBE statement on Wednesday.
Total deposits growth rate in banks reached 18.88% in August: CBE
EGP 29.5bn increase in deposits, EGP 10.7bn increase in bank loans during August: CBE
Amer meets with banking leaders in preparation for CBE position
New governor holds meetings with bank leaders and representatives of various economic sectors
Tarek Amer holds consultations to form CBE’s board
The head of a public bank is expected to serve as a deputy governor
Amer’s most prominent challenge is employing liquidity in local currency at banks
Banks offered to invest EGP 252bn in CBE deposits for one day and employ dozens of billions in corridor
Dollar officially stable at EGP 8.03, experts expect it to stay fixed until end of 2015
Parallel market confusion amid the decline of the dollar in anticipation of new CBE governor’s decisions
CBE will discuss future of interest rate on EGP
According to analysts, MPC is highly expected to keep the major interest rates at CBE unchanged for the sixth consecutive time during its meeting decided set for Thursday.
Forex suspended in anticipation of new CBE governor’s decisions
Black market records EGP 8.30 for dollar, while banks maintain it at EGP 8.03
Trade balance deficit increases by 38.8% YoY in July: CAPMAS
Egypt’s trade balance continues to face a deficit, despite the state announcements on attempts to counter this recurring problem
Pharos predicts faster pound depreciation following Amer’s appointment
A study by Pharos cited the newly-appointed governor’s past experiences as a basis to predict further devaluation
Imports indicative list will increase monopoly, raise prices: Sheha
Annual Egyptian imports are less than $80bn, of which luxury imports are $500m
Construction sector anticipates solutions with new CBE governor
The construction sector is anticipating the arrival of vital solutions with the appointment of Tarek Amer as the governor of Central Bank of Egypt (CBE), according to Daker Abdellah, member of Egyptian Businessmen’s Association and Egyptian Federation for Construction and Building Contractors (EFCBC). Amer’s experience and knowledge of all problems facing the economy in various …
EGP 20.89bn in net profit in Egyptian market in June: CBE
Report shows results of different local and international operations throughout banks
Credit cards increase to 2.575 million by end of June: CBE
16.242m debit cards issued by banks operating in Egyptian market until mid-2015 and 7,855 ATM serving customers
Amer: CBE’s 13th governor
The Central Bank law No. 88 for 2003 provides in article 10 that the governor is appointed by a presidential decree on the nomination of the Prime Minister for a period of 4 years, subject to renewal.
New CBE governor must balance between inflation, exchange rate, interest rates: Expert
The Egyptian pound will not rise because of a new governor, says Abdel Aal
Will Amer change Ramez’s monetary policy and exchange market management?
Analysts expect the new governor to amend some of Ramez’s decisions
Ramez decisions until 26 November are legally sound: Riyad
According to Rokaya Riyad, Chief Legal Sector of the Federation of Egyptian Banks (FEB), all the decisions and actions Ramez will take until his tenure expires on 26 November will be 100% legal.
Banking sector speculates over Ramez’s next step after CBE resignation
Ramez will head the AIB instead of Gamal Negm who will supposedly retire, according to sources
Non-performing loans fell to 7.6% by end of June: CBE
CBE issued an important Financial Soundness Indicators report; loans to deposits ratio boosted to 41.4%
Will Amer change Ramez’s monetary policy and exchange market management?
Analysts expect the new governor to amend some of Ramez’s decisions
I requested to leave CBE 3 months ago: Ramez
Former governor of the Central Bank of Egypt (CBE) Hisham Ramez said he had requested to depart from his position at the CBE and end his tenure three months ago.
CBE fixes dollar price against pound in first tender after Ramez’s resignation
The CBE offered a third tender to sell dollars to banks operating in the Egyptian market this week, in which the CBE sold $37.8m to banks
Banking leaders hail Amer’s appointment as right step
This is due to his wide experience in managing the monetary policy and the exchange market which he gained during his tenure as deputy governor of the CBE, according to banking leaders in statements to Daily News Egypt.
CBE orders banks to accept cash deposits in foreign currency: Industry minister
Accepting cash deposits is a step to restore growth rates in Egyptian exports in various markets and sectors, says Qabil
Tarek Amer to succeed Hisham Ramez as CBE governor
Al-Sisi expressed his appreciation for Ramez’s and the CBE board’s sincere efforts during his term, which saw acute economic conditions in light of regional and international difficulties.
Dollar price remains EGP 7.93 after 2 consecutive depreciations
The pound is expected to officially jump to EGP 8.30 before May 2016, says Dcode