Latest in Tag: The Central Bank of Egypt Highlight
Latest in Tag: The Central Bank of Egypt
GDP growth rate to continue moving onwards and upwards: CBE
Budget deficit projected to decrease to 8.2%, 7.2% of GDP in FY 2018/19-2019/20, respectively
CBE slashes interest rates by 1.5%
CBE slashed overnight deposit rate, lending rate, and the rate of main operation to 14.25%, 15.25%, and 14.75%, respectively.
CBE to consider interest rates on Thursday amid expectations of cuts
Falling inflation and US interest paves the way for CBE to cut its core interest rates, say analysts
CBE issues import, export standards on foreign banknotes surplus
The CBE affirmed that these standards comes in the framework of the CBE’s continuous endeavour to maintain the sound performance of the banking system.
Egypt’s net foreign reserves rose by $565m to $44.916bn end-July
According to the CBE, Egypt’s current net foreign reserves covers more than 8 months of commodity imports.
CONIA interest rate benchmark comes into force
New standard reinforces CBE’s ability to improve monetary policy
CBE reveals Egypt’s economy external position
Foreign debt reached 35.1% of GDP at end December 2018, compared to 61.4% of GDP in European coutnries, EMs, and 41.9% in Commonwealth countries
Egypt’s external debt reaches 35.1% of GDP at end-2018, but still within safe limits: CBE
Saudi Arabia is Egypt’s top lender with total debt of $8.7bn
Bank deposit growth slows to 11.46% in April from 11.85% in March
DNE sheds light on key performance indicators of banks operating in local market in April 2019
EBRD, CBE discuss offering new banking products for Egypt’s private sector
Locally operating banks receive 25% of EBRD funding portfolio in Egypt, says EBRD’s VP for Banking
Foreign investments in Egyptian T-bills up by EGP 10.8bn in May 2019
Foreign investment in T-Bills reached about $11bn before 25 January 2011, but fell to less than $25m as of 2016.
CBE to discuss interest rates on Thursday
Expected rise in inflation means CBE likely to keep interest rates unchanged for 3rd time in 2019
CBE launches service for instant bank account inquiry of deceased customers
Bank signs agreement to discuss situation of vehicles purchased by credit facilities
CBE launches risk insurance company for exports to Africa before year-end
El-Shaarawy told Daily News Egypt that the bank is currently completing the regulatory and structural framework of the company, determining shareholders’ stakes, and the CBE’s contribution in the company.
CBE encourages banks to invest in funds for emerging small businesses
Decision comes complementary to previous efforts by CBE to support MSMEs, says Negm
US dollar continues decline below EGP 17 for first time in two years: CBE
The average price of US dollar in banks reached EGP 16.99 for buying and EGP 17.09 for selling, according to the CBE
Pound appreciated 84 piasters since beginning of 2019: CBE
US currency is approaching EGP 17 against pound, as foreign exchange flows increase in Egypt
CBE governor, communications minister discuss expanding banking services in villages
Amer witnesses signing cooperation protocol to train workers of banking sector in fields of information security, data analysis, financial technology, AI
Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn
Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end of March 2019
CBE extends its initiative to support defaulters at ABE until June
Troubled debts up to EGP 4bn to be settled over nine months, including EGP 929m for 11,404 clients in CBE, says El Kosayer
$52m increase in Egypt’s foreign exchange reserves to $44.11bn end-March 2019
The Central Bank of Egypt (CBE) has revealed an increase in foreign reserves by $52m by the end of March 2019, reaching $44.11bn, compared to $44.06bn by the end of February 2018. This level of reserves covers more than eight months of commodity imports in Egypt. The foreign exchange reserves increased by 14.9% or $5.53bn …
Merchandise export earnings increase by $2.2bn in H1 of FY 2018/19: CBE
Balance of petroleum trade achieves surplus for first time in 4 years, reaches $150.8m
CBE demands from banks to increase funding to agricultural sector
Banks to fund cooperatives in small enterprises initiative with interest rate discount of 5%
CBE aims to transform Egypt into regional centre for new generation of EFS: Ayman Hussein
Bank to establish centre for innovative fintech solutions, allocates EGP 1bn to support startups
CBE, AFI co-organise working group meetings in Cairo
The Central Bank of Egypt (CBE) and the Alliance for Financial Inclusion (AFI) launched jointly a series of key working group meetings in Cairo on Monday 11 March. This is the second event co-organised by the two institutions. Deputy Governor of the CBE, Lobna Helal, and Deputy Executive Director of the AFI, Norbert Mumba inaugurated …
CBE, government welcome parliament’s approval of E-Payment Law: CBE’s deputy governor
The Central Bank of Egypt (CBE) welcomed the parliament’s approval of the E-Payment Law which will regulate non-cash payments, the Deputy Governor of CBE, Lobna Helal, said on Tuesday. She explained that one of the goals of the new law is to enable the Egyptian society to turn into a digital one. She pointed out …
For first time, CBE instructs banks to protect clients’ rights
Instructions have been in effect since 13 February, banks were given one-year period to adjust their situations
CBE to finalise study for establishment of exports guarantee firm in Q1 2019
Bank considers granting licenses to international banks, fully coordinates with government to achieve SDGs, says CBE deputy governor
CBE’s sets inflation target at 9% on average during Q4 of 2020
Core inflation slipped to 7.9% in November from 8.9% in October 2018, listing lowest rate since February 2016
CBE extends initiative to support tourism sector until end-December 2019
The Central Bank of Egypt’s (CBE) board of directors decided to extend its initiative to support the tourism sector until the end of December 2019. According to the CBE, during this period all applications to postpone dues to banks will be accepted for a period up to three years. The CBE has launched this initiative …