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Total bank deposits amount to EGP 3.477trn, of which EGP 3.027tn in local currency, and equivalent of about EGP 450.151bn in foreign currencies: CBE
In a recent report, the CBE stated that demand deposits in local currency amounted to about EGP 523.515bn in September, compared to EGP 507.804bn in August, an increase of EGP 15.711bn.
Private businesses receive 59.8% of total bank facilities, with industry at forefront of sectors gaining most benefits
Since Thursday, banks have granted customers the ability to open savings accounts free of charge, simply by providing a copy of their national ID card. The savings accounts are also exempt from administrative fees and are not subject to a maximum limit for their opening by new customers.
Company sees increase in capital, offering bonds convertible to shares to complete upcoming development plan
Total financial position of banks working in Egyptian market rises to EGP 6.408trn
CBE to bear EGP 50m of pension withdrawal expenses until 2020-end
The CBE added that demand deposits recorded about EGP 482bn, of which about EGP 192.22bn was by the household sector, and about EGP 31.3bn for the public sector. The private sector accounted for about EGP 258.5bn of the whole figure.
This is applicable on natural or legal persons regardless of their activity. Moreover, the door for appeals will be opened to taxpayers again.
Total deposits see 14.33% growth in April, compared to 13.9% in March; foreign currencies share fell to 17.01%
Security breach resolved in a matter of hours, with users being asked to sign back in for security purposes
Evaluation covers technical knowledge, English language tests, behavioural assessment, says Nosseir
Bank deposits increase to EGP 4.2359trn, household sector denominated 81.3%
Bank’s credit facilities declined by EGP 31.7bn in three months to EGP 1.822tn: CBE
It accounts for 83.6% of total deposits in local currency, 68.7% in foreign currency
Investors’ shift from T-Bills to T-Bonds reflects positive change in their macroeconomic outlook of Egypt
Deposit growth fell to 11.34% in May from 11.46% in April
Banks are likely to extend deposit maturity to grant long-term loans without exceeding interest risk limit set by CBE
EGP 22.29bn were withdrawn within 5 days before Eid holiday, EGP 9.15bn in 4 days afterwards
DNE sheds light on key performance indicators of banks operating in local market in April 2019
Seffa is leading figure who enjoys long history, experience within Group, appointing him ensures pursuing our strategic objectives in Egyptian market: El Kettani
Banks move interest on variable yield certificates, others cut interest on deposits, savings accounts
Deposits in EGP increase by 16.9%, foreign currencies deposits grow by 9.4%
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 …
Many people see the gap between women and men in Middle East as a challenge, but I see it as an opportunity, says Vice Chairman of Mastercard
We are racing against time to completebank’s restructuring process, prepare it to take on a bigger role in serving national economy across various fields: Elkosayer
The value of bank loans provided to customers increased to EGP 1.431tn at the end of November 2017, edging up from EGP 1.424tn in October 2017. This marks an increase of EGP 7.6bn, according to the Central Bank of Egypt (CBE). In its monthly bulletin on the banking sector’s performance issued on Thursday, the CBE …
Egypt was chosen among the top five banking markets in Africa in terms of growth and profitability, according to a study by management consulting firm McKinsey & Company. The McKinsey report said that Egypt, Angola, Nigeria, South Africa, and Morocco account for 68% of the continent’s total banking revenues. The report identified four archetypes among …
Private sector received 61.8% of banks’ total credit facilities by end-October 2017
The percentage of non-performing loans at banks working in the Egyptian market declined to 5.3% of the total loan portfolio by the end of September 2017, compared to 5.5% in June 2017, according to the Central Bank of Egypt (CBE). The CBE explained in a recent report about financial safety that the percentage of non-performing …