Latest in Tag: CBE Highlight
Latest in Tag: CBE
CBE adopts rules regulating cash deposit, withdrawals interoperability through service providers
Rules aim to make best use of infrastructure of service providers, encourage electronic financial transactions, says Ramy Aboul Naga
Foreign investments in Egypt’s T-bills up to EGP 349.9bn in May 2021: CBE
Net foreign assets increased by EGP 150.2bn from July 2020 to April 2021
Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE
Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions score EGP 165.588bn
Net profits of banks in Egypt reach EGP 29.99bn in Q1 2021: CBE
Top 10 banks account for 87.84% of total profits recorded during Q1
Egypt’s interest rates expected to remain unchanged for 5th consecutive CBE meeting
Urban inflation may rise gradually from 4.1% on an annual basis in April, to about 5.5% in September, says Radwa El-Swaify
Egyptian remittances increase 8.5% to $23.4bn within 9 months: CBE
11% annual increase in remittances during March 2021 only
Egypt’s gold reserves climb $281m in May: CBE
Net international reserves increase to $40.468bn in May
CBE amends 2 initiatives supporting Egypt’s tourism industry
Initiatives aimed at financing replacement, renewal of hotels and transport fleets, payment of salaries, wages, maintenance
Egypt’s annual headline urban inflation declines to 4.1% in April 2021: CBE
Monthly headline urban inflation registers 0.9% in April 2021
Financial position of banks in Egypt increases to EGP 7.3trn in February: CBE
Foreign investments in Egypt’s T-bills amount to EGP 313.68bn in March 2021
Global economic stability continues with varying rates of recovery amid COVID-19: CBE
Egypt’s CDS spreads remain relatively low compared to most peers with similar sovereign credit rating
Egypt’s gold reserves climb $194m during April: CBE
Net international reserves increase to $40.343bn in April
Egypt sees EGP 104.191bn increase in local currency bank deposits during March 2021: CBE
Foreign currency deposits see stability, while volume of foreign assets at CBE amount to EGP 621.783bn
CBE to review interest rates amid strong expectations of no change
Bank maintains, on 18 March, its basic interest rates for third consecutive time at 8.25% for deposit, 9.25% for lending
Egypt’s external debt up $1.8bn to $125.3bn in September 2020: CBE
Long-term debt accounts for 90.2% or $113.0bn of total external debt
CBE approves 3rd edition rules for mobile wallet payment services
Transactions made through mobile wallets in 2020 reach EGP 100bn, according toCBE
Egypt sees some leading indicators to maintain economic recovery in Q4 2020: CBE
Upward movement builds on initial recovery following easing of partial lockdown measures, despite some way to go to pre-COVID-19 levels
Financial position of banks in Egypt rises to EGP 7.158trn in January 2021: CBE
Net foreign assets increase by EGP 152.5bn over 7 months
Egypt’s external debt increases to $129.2bn in 2020: CBE
Short-term debt decreases to 9.2% of total external debt in 2020
Egypt sees remittances rise by $1.7bn between July 2020 – January 2021: CBE
Increase sees remittances increase to about $18.1bn in January 2021
Egypt provides electronic channels for pension disbursement
Move supports state’s direction to transform into cashless society, increase use of electronic channels
Banks in Egypt see EGP 50.921bn increase in net foreign assets in February 2021: CBE
Proceeds of saving certificates, deposits in local currency rise by EGP 76.77bn in one month
CBE, Supply Ministry sign finance agreement to develop bakeries through banks
Agreement comes as part of Presidential directives to maximise use of Egypt’s natural resources, expand use of clean energy
CBE to provide ABE additional EGP 1bn to finance livestock project
Approval from CBE raises lending portfolio for this project to EGP 3bn, says ABE Chairperson Alaa Farouk
CBE celebrates winners of ‘FinYology – FinTech for Youth’ Initiative
Initiative organised by FinTech Egypt encourages young talents to participate in creating FinTech innovative solutions, promote financial inclusion
Central Bank of Egypt directs for simplified bank account opening procedures
Facilities will be provided for small companies to open accounts
Banks in Egypt see EGP 2.448trn credit facilities in November 2020: CBE
Total bank deposits rose to EGP 5.126trn in November 2020, compared to EGP 5.088trn in October 2020
EGP 1.166trn increase in financial position of banks in Egypt during 2020: CBE
Banks report EGP 325.761bn reserves, EGP 162.274bn provisions to nonperforming loans
CBE to announce details of new presidential mortgage finance initiative soon
Proposed mortgage finance initiative to boost real estate sales
CBE allocates EGP 1.2bn to finance unpaid natural gas bills of ceramic companies
Allocation comes as part of industrial private sector initiative