Latest in Banking Highlight
Latest in Banking
Foreign exchange reserves at the Central Bank of Egypt (CBE) increased by $80m during October, to reach $16.415bn from $16.335bn in September, according to a CBE statement on Wednesday.
The Union of Arab Banks (UAB) will hold the 20th edition of its Annual Banking Conference on 19 November in Beirut, Lebanon. The conference is entitled “Through Financial Inclusion: 2015-2020 Map” and will be held in coordination with a number of international regulatory institutions. The conference is considered one of the most significant annual conferences …
Electronic individual payments can increase by 20% in seven years if supported by government, says Regional Manager of Visa
Bank opened six new branches and banking units, plans to expand in about eight governorates
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday evening to keep basic return prices at the latter during the last meeting when previous CBE governor Hisham Ramez resigned. Basic return prices at CBE are used to determine the interest rates on the Egyptian pound in deposit, lending, and …
According to analysts, MPC is highly expected to keep the major interest rates at CBE unchanged for the sixth consecutive time during its meeting decided set for Thursday.
Report shows results of different local and international operations throughout banks
16.242m debit cards issued by banks operating in Egyptian market until mid-2015 and 7,855 ATM serving customers
The Central Bank law No. 88 for 2003 provides in article 10 that the governor is appointed by a presidential decree on the nomination of the Prime Minister for a period of 4 years, subject to renewal.
The Egyptian pound will not rise because of a new governor, says Abdel Aal
Analysts expect the new governor to amend some of Ramez’s decisions
Former governor of the Central Bank of Egypt (CBE) Hisham Ramez said he had requested to depart from his position at the CBE and end his tenure three months ago.
The CBE offered a third tender to sell dollars to banks operating in the Egyptian market this week, in which the CBE sold $37.8m to banks
Market awaits CBE’s next step; analysts believe July’s stability will be repeated
Price reaches EGP 8.40 in black market, which is in complete paralysis in anticipation of the central bank’s next steps
Government forecasts on the deficit will not be achieved and will jump to 10.2%, and debt allocations will increase further, says Farid
Bloomberg awards the bank for being the best in marketing joint loans and financing projects in Africa for the third consecutive quarter
Banks support their allocations to meet doubtful loans and reduce its investments in security
CBE decisions are against the interest of citizens, says head of Citizens Against Price Rises Association
The dollar value had been stable for around 100 days
During the signing of the agreement with Head of the Mortgage Finance Fund, May Abdel Hamid, Hassan said NBK is keen to participate in the promotion of low and middle income real estate finance.
The launch ceremony reviewed the financial and non-financial service packages that will be provided to projects headed by Egyptian businesswomen.
Mohamed Barakat, Tarek Amer tipped as potential replacements for Ramez