Banking

The Central Bank of Egypt (CBE) has extended the exemption period for rice, lentils, and beans from the 100 percent cash cover requirements for one year ending on 15 March 2022.
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Egyptian bank deposits rose in November to 5.126 trillion Egyptian pounds ($325.7 million) from 5.088 trillion pounds in October, according to data released by the country’s central bank.
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The gap between advanced economies and emerging markets in economic growth will  widen by 22 percent between the years 2020 and 2022, said Geoffrey Okamoto, the First Deputy Managing Director at the…
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Rating agency Capital Intelligence (CI Rating) has affirmed Banque du Caire’s B + rating for its creditworthiness with a stable outlook, said its chairman Tarek Fayed on Sunday.
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The National Bank of Egypt, the country’s biggest state-run lender, plans to set up a subsidiary in South Sudan and open new branch in Saudi Arabia, a senior official said on Sunday.
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The Central Bank of Egypt (CBE) has revealed that the total financial position of banks operating in the local market, other than itself, rose by EGP 1.166trn year-on-year (y-o-y).
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Egypt’s central bank has kept its key interest rates unchanged on Thursday, saying inflation as inflation remained below target and growth seen to be picking up.
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Egypt could join in a new $ 1 billion continental transit guarantee scheme from AfreximBank, which is designed to encourage trade across Africa by improving tax collection and cutting back on trade…
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, has celebrated the completion of its training programme and the graduation of 19 certified Credit Analysts from Kenya and…
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Major financial institutions in Egypt including Beltone financial as well as some banking experts believe that The Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) will keep the…
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