Latest in Banking Highlight
Latest in Banking
Banks are obliged to deposit the amounts the will obtain with the CBE, with interest
Dollar was devaluated by 20 piasters on Wednesday
Dollar fell in black market for hours until it suddenly stopped
The central bank will also cover 25% of the temporary credit facilities granted by banks to their clients importing in foreign currencies
The National Bank of Egypt (NBE) and Banque Misr offered, Sunday, savings certificates with an interest rate of of 12.5% per annum, paid monthly.
Tarek Amer holds frequent meetings with public bank heads to discuss developments in the foreign exchange market and to solve the problems they face
They surprised banking market with launch of two certificates with annual returns of 12.5%
UNB supports Emirati investors in Egypt, and issued letters of guarantee worth $150m for the National Drilling Company to dig the New Suez Canal
The step aims at combating dollarisation, and banks issued two similar certificates in 2004, says Analyst
Bank launches14 new branches, number of ATMs increases to 321
Deputy Chairman of the National Bank of Egypt Mahmoud Montasser said all NBE branches welcome citizens who are interested in acquiring 21 carat gold commemorative coins.
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