Latest in Tag: Gamal Negm Highlight
Latest in Tag: Gamal Negm
Creating job opportunities essential job of central banks: CBE Deputy Governor
CBE supports economy with many initiatives in face of crises such as COVID-19, says Negm
After a year of NilePreneurs initiative, what accomplished so far?
‘We have necessary liquidity to realise youth’s ideas, dreams that contribute to achieving state’s, CBE’s goals,’ says Gamal Negm
CBE meets 266 defaulters to settle EGP 63.6bn worth debts
Negm said in a statement on Wednesday that the total debts of these clients amount to about EGP 63.6bn, pointing out that these defaulters will be exempted from part of their original debts and interests with a value of about EGP 17.4bn.
The Industry Support Initiative increases the rates of economic growth and GDP to 7.5% annually: CBE’s Deputy Governor
The initiative will benefit about 96,000 factories that meet the conditions for the initiative: says deputy governor of the CBE
Council of Arab Central Banks Governors to convene in Cairo by mid-September
Meeting will discuss regional and international monetary, financial, and economic developments
CBE encourages banks to invest in funds for emerging small businesses
Decision comes complementary to previous efforts by CBE to support MSMEs, says Negm
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 …
CBE officials unveil reason to end mechanism of foreign investors funds’ transfers
Removal of limits on FX transactions restore confidence in banking sector: Negm
CBE directs banks to stop granting credit facilities to medium companies within 12% initiative
Banks exhausted EGP 10bn allocated by CBE as part of initiative, says Negm
CBE asks banks to monitor some customer accounts
The Central Bank of Egypt (CBE) requested that banks operating in the local market monitor the accounts to which insurance dues and pensions are transferred to. In a letter to the banks, Gamal Negm, deputy governor of the CBE, said that the CBE has received information confirming the existence of a number of bank accounts …
EGP 49bn increase in loans for SMEs in 1 year: CBE deputy governor
CBE met NBG officials to identify bank strategy, no formal request yet to exit Egypt
Negm reveals CBE’s efforts for achieving financial inclusion in Egypt
Financing SMEs, limited and middle-income people housing were the most important CBE initiatives
CBE obliges banks to not deal with more than 7 exchange bureaus
Banks and companies granted 4-month transition period to adjust, says Negm
Banks start activities of financial inclusion week on Thursday
Negm addresses banks to be present in remote areas, clubs, and universities, display banking products proper for this segment of traders
CBE resolves issue of temporary facilities obtained in foreign currency: Negm
Companies that owe more than $5m to banks will pay a 3.62% return on the value of debt and a 13.75% return on the local liquidity which will cover their indebtedness
Egyptian bankcards used to complete $2.5bn worth of transactions abroad in FY 2015/2016
Banks have received clear instructions to suspend cards that are being misused, says CBE deputy governor
Banking market does not need another credit bureau: CBE deputy governor
A few days ago, a number of Egyptian and US investors filed a lawsuit at the State Council’s Administrative Court appealing to the CBE’s refusal to allow them to establish a credit bureau under the name ‘EgyScore’
No serious steps taken so far to sell United Bank, offer shares of AAIB, Banque du Caire in IPO: CBE deputy governor
This issue is still being studied, and we are coordinating with Kuwait regarding the AAIB, says Negm
Islamic banks face challenges associated with managing liquidity: CBE deputy governor
Negm added that the government reissuing bonds when they are due will enable Islamic banks to invest their surplus funds
CBE deputy governor calls for banks to increase capital base
The CBE allowed banks three years to adjust to this decision
CBE’s microenterprise initiative remains under discussion
The CBE is holding meetings with relevant bodies to launch the initiative, Negm
Banks to withdraw EGP1bn from mortgage financing initiative: CBE deputy governor
National Bank of Egypt, Banque Misr, Banque du Caire, and Housing and Development are the most active banks in the housing purchasing initiative
Egypt imported $3.2bn worth of passenger cars in 2015: CBE
Egypt witnessed excessive importing, which negatively affected local industries, says Deputy Governor
Banks need to meet SMEs needs: CBE Deputy Governor
Financial innovation by introducing new financial instruments that meet consumers ‘and investors’ needs enhances Egypt’s economic competitiveness, Mona El-Baradei
Gamal Negm addresses concerns over mass resignations of banking heads
More than 150 banking leaders submitted their resignations in recent days in an objection to the application of a maximum wage.
Restored confidence in Egypt’s economy to improve currency exchange rate: CBE
Deputy Governor of Central Bank says stimulating national economy, working on bank performance, and keeping pace with international developments are top priorities