Latest in Tag: Central Bank of Egypt Highlight
Latest in Tag: Central Bank of Egypt
Interest rates reduction decision by CBE is bold, revives investments in all sectors: Beltone
Decision will pave way for new reduction in interest rates in H1 2019
CBE to review interest rates today in first 2019 meeting
Higher inflation in January shifts market expectations of interest stabilisation in this meeting
Egyptian banks increase their SME credit by EGP 136bn in 3 years
Egyptian banks increased their SMEs credit by EGP 136bn from end-2015 till end-2018, benefiting about 522,000 foundations, Gamal Negm, deputy governor of the Central Bank of Egypt (CBE), said on Tuesday. The banking sector allocated 65% of its loans to the private sector, Negm said before an IMF conference on its paper about Financial Inclusion …
Egypt’s bank deposits up by 15.3% end-November 2018: CBE
Deposits in EGP increase by 16.9%, foreign currencies deposits grow by 9.4%
CBE limits mortgage initiative to low-income after earmarked EGP 20bn runs out
NBE, HDB, Banque Misr, Banque du Caire, IDB top list of banks participating in CBE initiative with total funding of EGP 15.7bn to 165,800 clients
Price of US dollar against pound nearly stable on Tuesday after two-day decline
US currency recovers less than half piaster of 30 piasters it lost on Sunday, Monday
Gold value listed in FX reserves growth curbs reserves decline in December 2018
FX reserves gold value increased by $104m, foreign currencies down by $2.068bn
International, local financial institutions offer to invest $934.1m in Egyptian T-bills
Interest rate accepted by CBE grew to maximum of 3.8%, minimum of 3.78%, averaging 3.797%
Egypt’s foreign reserves down to 42.551bn in December: CBE
Egypt’s foreign currency reserves fell to $42.551bn in December, down from a peak of $44.513bn in November, the Central Bank of Egypt announced on Monday. Net foreign reserves has been on an upward path, since Egypt signed a $12bn, three-year IMF loan in November 2016, and the adoption of the country’s ambitious economic reform programme. …
Foreign assets deficit continues to widen in banks
Exit of foreign capital from emerging economies trailed in October at slower pace since April 2018: CBE
Credit facilities granted by banks to their clients increased by EGP 25.3bn in October
Private business sector covered for 61% of total credit facilities, industries among top beneficiaries: CBE
Government-owned, private banks reduce investments in T-bills by EGP 31.2bn in November 2018: CBE
Foreign banks working in Egypt take different stance, increase investments by EGP 3.87bn, against foreign investors’ direction since April 2018
CBE unlikely to extend initiative to settle bad debts
Weak turnout by defaulters, 6 months enough for those who want to settle their debts: prominent banker
CBE reviews initiative to settle troubled debts: Amer
Initiative includes settlement of debts of 3,500 companies, 337,000 individuals
CBE officials unveil reason to end mechanism of foreign investors funds’ transfers
Removal of limits on FX transactions restore confidence in banking sector: Negm
Market welcomes CBE’s decision to end foreign investors funds repatriation mechanism
Decision planned since flotation in November 2016, we aim to direct investment funds money directly to market: Amer
Egypt shares to move sideways as CBE leaves interest rates on hold
EGX30 closed almost flat last week as foreign investors book gains awaiting fresh stimulus
CBE reviews interest rates on Thursday
MPC cut interest rates twice this year, kept them unchanged during 4 consecutive meetings
Highest level of FX reserves in history reached by end of October
CBE: $86m increase in value of gold, foreign currencies balance down by $36m
Banks injected EGP 110bn to finance SMEs within CBE’s initiative: CBE Deputy Governor
CBE secures EGP 2bn as CGC guarantee, encourages banks to finance agriculture projects, says Helal
Egypt shares to sustain gains as Central Bank leaves interest rates unchanged
EGX 30 rallies 3.8% or 548.9 points, closes at the level of 14,632.40 points
CBE establishes financial inclusion information database
We aim to boost banking services’ beneficiaries, avoid duplication, says CBE
Banknote issue up to 11.41% of GDP in June: CBE
CBE issued EGP 486.726bn in June 2018, up from EGP 474.941bn in May 2018
Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn
Private sector acquired 62% of facilities, industries at forefront, CBE stated
FX Reserves up to $44.419bn end of August: CBE
Foreign currencies up by $167m, gold down by $23m
Deposits up by EGP 11.8bn by end-July 2018: CBE
Volume amounted to EGP 3027.3bn up from EGP 3015.5bn at end of June 2018
Banking sector stands firmly against violating its clients’ accounts’ secrecy
CBE governors strongly respond to statements to head of ETA on legislative amendment that allow looking at accounts of financiers
EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE
Deposits up EGP 10.8bn, loans grew by EGP 32bn
Foreign investments in treasury bills decline by EGP 64.8bn in May: CBE
This is not worrisome, as CBE is experienced in dealing with these investments, says Metwally
Trade exchange between Egypt, world amount to $65.625bn in 9 months: CBE
Imports at $46.814bn, exports at $18.81bn between July 2017 to March 2018