NBE does not intend to issue bonds on foreign markets: vice chairperson
We aim to offer the bonds with a suitable return and the…
United Bank to reduce its troubled debt portfolio to less than EGP 2bn by 2017 end: chairperson
The bank seeks to increase its profits by more than 100% by…
Banks consider impact of CBE’s decision to hike interest rates this week
CBE’s decision aims to curb inflation and ease its impacts after moving…
Analysts expect CBE to keep interest rate unchanged after Thursday meeting
Seven out of nine analysts and investment banks expect CBE to keep…
US dollar embarks on new wave of decline against pound, loses 20 piastres in 2 days
Banks give their clients up to $2,000 cash with no documents but…
Egypt’s exports to international complexes amount to EGP 339.2bn, versus EGP 605bn of imports in 2016: CAPMAS
EU is top supplier, AFTA ranks first importer
Private industrial sector accounted for 62.4% of credit facilities granted by banks to non-government economic sectors at the end of March 2017: CBE
The industrial sector accounted for 36.5% of the total credit facilities granted…
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter…
Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE
Ratio of loans to deposits in local currency rose to 40.2%, ratio…
The government aims at borrowing EGP 371bn to fund budget deficit during Q1 of new FY
Ministry of Finance offers T-bills worth EGP 349.5bn and bonds worth EGP…