Latest in Tag: Central Bank of Egypt Highlight
Latest in Tag: Central Bank of Egypt
Real GDP growth records -1.7% in Q2 of 2020, before recovering to 0.7% during Q3 of 2020
Subsequent inflation target has been set at average of 7% (±2%) during Q4 of 2022, as announced in December 2020
Decision aims to maintain banking sector’s integrity, take proactive steps to meet potential risks, say bankers
The Central Bank of Egypt (CBE) Governor, Tarek Amer, has held a high-level ministerial meeting to discuss methods of supporting the tourism sector during the novel coronavirus (COVID-19) pandemic.
Banks will not make cash dividends from profits or retained earnings to shareholders in anticipation of potential risks associated with pandemic
Long-term dues account for 90.2% of country’s total external debt
Outlook for near term growth in global economic activity expected to be affected by second COVID-19 wave, preventive measures
Intra bank transfers to be carried out in 2 hours, while interbank transfers in 3 hours
FX reserves increase by about $364m to $35.399bn in December
The Central Bank of Egypt (CBE) has issued new instructions regarding the management of operation risks at banks working in the Egyptian market. The CBE also said that it is continuously following up on and applying international practices in the field of banking supervision in the Egyptian banking system. This takes place by regular observation …
According to the central bank imitative loan period ranges from seven to 10 years, with the repayment to be made in equal monthly instalments
The Central Bank of Egypt (CBE) has announced it has received 35 offers worth $1.0511bn from local and foreign investors, to cover a US dollar-denominated Treasury bills (T-bills) auction.
The Central Bank of Egypt (CBE) has decided to extend its initiatives to support defaulters, whether individuals or tourism companies, for a further six months.
The Central Bank of Egypt (CBE) will issue, on Monday, a tender for one-year US dollar-denominated Treasury bills (T-bills), worth $850m, due on 4 January 2022.
Banking sector has witnessed high financial stability in past years, allowing it to deal with many crises, contain their repercussions
Egyptian economy contained reversal in portfolio investment flows thanks to its relatively stable foreign currency sources and large net foreign reserve
Extension reflects CBE’s keenness to protect national economy, preserve gains of reform
Central bank to continue using monetary policy tools to control inflation expectations, and to containing inflationary pressures from the demand side
Central Bank of Egypt new inflation target has been set at 7% (±2%) on average in the fourth quarter of 2022
Top 10 banks in the Egyptian banking sector account for 65.5% of profits, top 5 banks account for 46.1%
CBE to discuss future interest rates of Egyptian pound next Thursday
We aim to reach 1 million POS within three years: CBE Deputy Governor
Tourism businesses welcome CBE decision, call for more flexibility in private sector banks
The proceeds of this bid will be used to pay the value of a previous bid put forward by the CBE on 10 December 2019, through which it obtained $1bn.
Financing programme for needy families, rural women, and craftsmen to be launched soon
The improvement comes despite the uncertainty in the global economy which has resulted from the spread of the novel coronavirus (COVID-19) pandemic.
New law opens door for privatisation of central depository and registration process
Doss added, “Less working hours have also disrupted production activity possibly leading to relative supply shortages of some goods also posing inflationary pressures.”
The CBE added that its consumer price index (CPI) inched up to 0.4% in March, compared to 0.2% in February and 0.5% in March 2019.
Net FDI rose $773.8m to record net inflow of $5bn by H1 of FY2019/20