Latest in Tag: deposit Highlight
Latest in Tag: deposit
Daily cash withdrawal, deposit limits for individuals amended during Ramadan
Individuals can withdraw up to EGP 20,000 daily from ATMs, EGP 50,000 in banks, says FEB Chairperson
Household sector accounts for 80.4% of total bank deposits
It accounts for 83.6% of total deposits in local currency, 68.7% in foreign currency
CBE pays EGP 114.4bn of interest on Deposit Operation in FY 2017/18
Bank turns from profits of EGP 12.66bn in FY 2016/17 to losses of EGP 33.34bn in FY 2017/18
CBE keeps overnight deposit, overnight lending rates unchanged
The monetary policy committee (MPC) decided to keep the Central Bank of Egypt (CBE)’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 16.75%, 17.75%, and 17.25%, respectively. The discount rate was also kept unchanged at 17.25%. The CBE said in a press statement on Thursday that the anticipated …
EGP 3.027tn total deposit balances in 2016/2017
Total deposit balances increased in 2016/2017 to reach EGP 3.027tn, an increase of 43.1%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The CAPMAS attributed this increase to shares of the household sector and private business sector, as well as to the contribution of the economic measures adopted since January 2016, which …
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
Robust economic policies needed to maximise private savings and finance growth in Egypt: World Bank
The research by the World Bank said that trust and internet access are significant to savings behaviour, whereas physical access and distribution of banks do not have an effect on one’s probability of participating in bank savings and/or informal savings
Banks offer investments worth EGP 91bn in CBE’s deposit operation on Tuesday
Banks operating in the domestic market offered investments worth EGP 91bn of surplus liquidity in local currency via deposit operations, which was deposited by the Central Bank of Egypt (CBE) on Tuesday, according to data obtained by Daily News Egypt. The CBE accepted EGP 75bn of the investments it was offered at an interest rate …
33 banks offer investments worth EGP 278.85bn in CBE’s deposit operation
Thirty-three banks operating in the domestic market offered investments worth EGP 278.85bn of surplus liquidity in local currency via deposit operations, which was deposited by the Central Bank of Egypt (CBE) on Tuesday, according to data obtained by Daily News Egypt. The CBE performs this deposit operation every Tuesday, in order to absorb excess liquidity …
Social housing unit owners protest against interest rate on maintenance deposit
Maintenance deposit is EGP 6,750, reaching EGP 12,000 after interest
Al-Sisi and his government’s resume highlights
The new canal will be established to increase the Suez Canal’s capacity to 97 passing ships per day, up from the current rate of 49 per day.
Orders from Emir of Kuwait to immediately deposit $2bn at CBE: Kuwaiti Finance Minister
Kuwaiti Minister of Finance Anas Khalid Al-Saleh said that he received orders from the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, to immediately begin depositing $2bn at the Central Bank of Egypt (CBE). On the first day of the Economic Summit in Sharm El-Sheikh, the Emir announced that Kuwait will provide an aid package …
CBE keeps ratings unchanged
Overnight deposit rate, overnight lending rate, main operations’ rate stand at 8.75%, 9.75% and 9.25%, respectively, bank said
Central bank registers stable foreign reserves in August: Governor
Foreigners’ purchases in bonds and treasury bills registered between $100m and $120m in the past month and a half
EGP 45.5bn growth in deposits during 1Q 2014: CBE
Total government deposits at the end of March were EGP 169.412bn, decreasing EGP 1.29bn from December 2013, when deposits were EGP 170.702bn
CBE: Currently no Libyan CBE deposits, no specific date announced
Reports on Saturday that Libya deposited $2bn in Egypt’s Central Bank