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CBE, AFI co-organise working group meetings in Cairo

The Central Bank of Egypt (CBE) and the Alliance for Financial Inclusion (AFI) launched jointly a series of key working group meetings in Cairo on Monday 11 March. This is the second event co-organised by the two institutions. Deputy Governor of the CBE, Lobna Helal, and Deputy Executive Director of the AFI, Norbert Mumba inaugurated …

Daily News Egypt

Egypt’s bank deposits rise EGP 55bn in November 2017: CBE

The Central Bank of Egypt (CBE) announced that total bank deposits rose by EGP 55bn in November 2017. This brought total deposits to EGP 3.273tn at the end of November 2017 compared to EGP 3.218tn in October 2017. The CBE said that non-government bank deposits also rose by EGP 50bn at the end of November …

Daily News Egypt

CBE activates electronic link between Egyptian banks, COMESA countries

The Central Bank of Egypt (CBE) held a workshop attended by 60 representatives of the Export Development Authority (EDA), members of export councils, chambers of commerce, business associations and many companies working with Common Market for Eastern and Southern Africa (COMESA) countries to familiarise them with the electronic link system between Egyptian banks and African …

Daily News Egypt

CBE asks banks to monitor some customer accounts

The Central Bank of Egypt (CBE) requested that banks operating in the local market monitor the accounts to which insurance dues and pensions are transferred to. In a letter to the banks, Gamal Negm, deputy governor of the CBE, said that the CBE has received information confirming the existence of a number of bank accounts …

Daily News Egypt