Latest in Tag: CBE Highlight
Latest in Tag: CBE
Dollar stabilises after increasing by 20 piasters in 2 days
Market awaits CBE’s next step; analysts believe July’s stability will be repeated
Dollar price to break EGP 8 barrier in banks for first time
Price reaches EGP 8.40 in black market, which is in complete paralysis in anticipation of the central bank’s next steps
Depreciating EGP postpones foreign investments
Foreign investors are sure that the Egyptian pound will be devalued further
Pound depreciation has limited impact on budget deficit: Economists
Government forecasts on the deficit will not be achieved and will jump to 10.2%, and debt allocations will increase further, says Farid
More than EGP 39bn increase in volume of deposits in July: CBE
Banks support their allocations to meet doubtful loans and reduce its investments in security
Dollar rise amplifies prices of basic items
CBE decisions are against the interest of citizens, says head of Citizens Against Price Rises Association
Pound’s value drops by 10 piasters against US dollar
The dollar value had been stable for around 100 days
Ambiguity surrounds CBE governor’s fate as his term comes to close
Mohamed Barakat, Tarek Amer tipped as potential replacements for Ramez
CBE lost its power to rapidly intervene in foreign exchange market: Pharos
Banks are employing foreign cash deposits by individuals to finance the needs of the government and a limited number of companies
Banknote issuance increases to 13.09% of GDP in June: CBE
The rate of banknote issuance reached about 15.06% of GDP in June 2014, marking its highest level in the last four years, while it registered its lowest level in November 2014 when it recorded 12.17% of GDP.
28 banks offer to invest EGP 225.98bn of surplus liquidity in CBE deposits
The CBE raised the Deposit Operation mechanism on Monday, in order to absorb excess liquidity from banks operating in the Egyptian market.
$63.27bn worth of international trade between Egypt and world in 9 months: CBE
The US and China are Egypt’s largest trading partners, the UAE is the third largest
United Bank seeks new, strong banking entity: Abdel Hamed
The bank aims to finalise bad debts portfolio, spread its branches and services throughout the republic
Vital incentives to encourage foreigners to invest in governmental debt instruments: El-Kosayer
According to CBE, foreign investors were the second largest investors in Egyptian treasury bills, following public banks, before January Revolution.
Government plans to borrow EGP 281.5bn from banks in coming 3 months
Finance ministry to issue treasury bills worth EGP 199.5bn, bonds worth EGP 82bn from October to end of December
Foreign investments in Egyptian treasury bills amount to EGP 500m in June 2015: CBE
Foreign investment in government debt instruments is too little compared to before the January 2011 Revolution
Contracts for Saudi investments worth EGP 360bn to be signed soon
Saudi Arabia remains strong supporter of Egyptian economy
Egypt’s largest trading partners are European, Arab countries: CBE
EU countries acquired 33.5% of total Egyptian exports by end of Q3 of FY 2014/2015
Private sector acquires 61.9% of commercial credit facilities: CBE
The total facilities granted to the government by banks until the end of June rose by EGP 25.619bn to EGP 66.421bn, compared to EGP 40.802bn at the end of June 2014.
CBE governor, FEI representatives discuss industry problems
This year is the one most challenging years for monetary policy, says Hisham Ramez
Financial inclusion in Egypt needs improvement: El-Khouly
The CBE needs to encourage greater financial inclusion, in addition to its role in achieving financial stability and pushing economic growth, El-Khouly said.
CBE conducts survey to determine financial excluded
Study aims to identify the reasons of financial exclusion, as well as to reach a national strategy to apply the concept of financial inclusion, says Mai Abol Naga
Egypt returned to international markets through Eurobond issuance: IMF Mission Chief
CBE policies would improve the availability of foreign exchange, strengthen competitiveness, support exports and tourism, and attract foreign direct investment, says Jarvis
CBE studies creating guideline directory for micro-finance
The Central Bank of Egypt (CBE) is currently studying creating a guideline directory to support banks wishing to get into micro-finance activities, said Tarek El Kholy, Deputy Governor for Risk Management and Banking Supervision at CBE. El Kholy pointed at the CBE’s attention to micro-finance activity because of its great role in applying the concept …
UAB conference on role of financial inclusion in promoting stability starts
The conference, hosted in Sharm El-Sheikh, is being held in cooperation with the Central Bank of Egypt (CBE) and the Federation of Egyptian Banks (FEB).
CBE to discuss future prices of basic interest rates
Unlikely for CBE to raise its interest rates on the pound, according to IDBE treasury director-general
CBE determined to eliminate parallel currency market, make speculators incur heavy losses: Ramez
The bank is able to face all challenges in spite of unfavourable circumstances over the last four years
Governors of central banks and heads of Arab monetary institutions meet in Cairo
It is expected that the Arab executive directors at the International Monetary Fund (IMF), and the World Bank (WB) are attending the event, in addition to the Union of Arab Banks, and the Union of Arab Securities Authorities
CBE’s policies limiting hard currency cash deposits leads to disaster: Exporters, importers
There is large exit for local investments from market because of production cessation and losses, says Engineering Industries Export Council head
CBE, banks face 6 major challenges in upcoming period
Challenges include adjusting foreign exchange market, rebuilding reserves, and controlling inflation, say analysts