CBE expects inflation to peak in 2H 2023
Inflation expected to drop to targeted, previously announced rates, supported by restrictive…
Egypt anticipates repercussions of rate hike on economic activities
Banks discuss interest rates on savings, loan products
Central Bank of Egypt to decide interest rate Thursday, ‘no change’ expected
Basic interest rates were increased by 2% on 30 March and total…
Domestic liquidity in banks increases to EGP 8.248trn in June 2023: CBE
EGP 311.5bn increase in non-governmental deposits in local currency with banks in…
ADIB Egypt launches first microfinance company that complies with Islamic Sharia
New company has authorized capital of EGP 100m, paid-up capital of EGP…
Fintech serves as keystone element in banking, financial development in Egypt: CBE
Egypt has over 177 fintech startups, payment platforms, 5.5 times increase in…
Mobile wallets increase to 34 million, with monthly transactions of EGP 100bn in June 2023: CBE
85 million monthly transactions recorded in June, annual increase of 130%
NBE, Banque Misr offer new 7% and 9% dollar savings certificates
The National Bank of Egypt (NBE) and Banque Misr announced Tuesday the…
CIB reports consolidated net income of EGP 7.99bn in 2Q 2023
Commercial International Bank (CIB) Monday reported second-quarter 2023 consolidated net income of…
New government initiative to support tourism is under consideration: CBE
The Central Bank of Egypt (CBE) said that a new initiative to…