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Latest in Banking


CBE to cut interest rate in March: Deutsche Bank

The Central Bank of Egypt (CBE) will cut interest rates next March, Deutsche Bank said in a research note. The bank also forecasts that the CBE is inclined to cut interest rates by 100 basis points next March, Enterprise reported. Deutsche Bank also expects that the CBE will keep interest rates unchanged in the first …

Nihal Samir

17.4% increase in total bank deposits balance in 2017/18: CAPMAS

Total deposits balance increased in 2017/18 to reach EGP 3553.6bn, with an increase of 17.4% with the household and private business sectors having the greatest impact on high deposits. The Central Agency for Public Mobilisation and Statistics (CAPMAS) has issued the annual statistical bulletin for deposits and credit. It included information on the evolution of …

Hossam Mounir