MSMEDA, Banque Misr sign EGP 500m worth microfinance contract
The contract was signed by Minister of Trade and Industry and MSMEDA…
CBE simplifies bank account opening for individuals, micro enterprises
The move took place in cooperation with the Egyptian Money Laundering and…
Local currency deposits with Egypt banks up EGP 80.104bn in August: CBE
In a recent report, the CBE stated that demand deposits in local…
Egypt’s market interest rates slightly decline despite CBE’s 0.5% cut
Returns on debt instruments also see minor decreases
Government to borrow EGP 640bn through T-bills, bonds over next 3 months
Tenders will be issued from beginning of October to end of December…
Egypt reports $69.96bn in foreign trade during 9M of FY 2019/20: CBE
Country’s imports recorded $49.012bn, while exports reached $20.953bn in same period
Egypt’s new banking law comes into force after Al-Sisi’s ratification
Banks obliged to reconcile their conditions under its provisions within 1 year,…
CBE reveals bank performance indicators for H1 2020
Banking sector deposits rise to about EGP 4.7trn, financial position of banks…
State banks see limited changes to Boards of Directors
Renewal for Okasha, El-Etreby and their deputies at NBE and Banque Misr,…
Scrapping 15% saving certificates to positively affect banks, raise profits
Suspension of these certificates will increase competition among banks in attracting household…