Egypt issues digital payment, lending, saving rules for mobile wallets
EGP 5,000 maximum limit set for mobile loans for individuals for 1 year
Latest in Tag: lending Highlight
Latest in Tag: lending
CBE ignores increasing inflation, keeps interest rate unchanged contrary to expectations
With this decision, the interest rate on deposit remains at 11.75% and the lending rate at 12.75%
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
7 banks raise interest rates on deposits after Central Bank decision
A recent CBE decision saw an increase in the benchmark overnight deposit rate by 1% to 9.25%, and the overnight lending rate to 10.25%.
CBE keeps interest rates unchanged
Central Bank of Egypt says it has kept current rates unchanged due to inflation and GDP outlooks
UAE market regulator changes margin lending rules, penalties
Margin lending – borrowing with cash or share holdings as security, has been in high demand as investors sought to maximise gains from a UAE market surge, with Dubai and Abu Dhabi’s bourses jumping 108% and 63.1% respectively last year.
Arab African International Bank launches new line of lending products
The Arab African International Bank presents new lending solutions that suit customers from different income brackets