Latest Banking News
Suez Canal Bank offers EGP 1.2bn credit facility to Madkour Group
Suez Canal Bank has signed a credit facility agreement worth EGP 1.2bn…
CBE issues guidelines for tourism support initiative
The Central Bank of Egypt (CBE) has issued the guidelines for the…
Will Egypt benefit from the IMF decision to reduce lending fees?
After intense pressure and urgent demands from its member states, the International…
CBE withdraws EGP 1.24trn from 24 banks in open market operation at 27.75%
The Central Bank of Egypt (CBE) withdrew EGP 1.24tn from 24 banks…
Non-food inflation main driver of overall price increases: CBE
Egypt's annual urban headline inflation slightly increased to 26.4% in September, compared…
Why CBE maintains interest rates for fourth consecutive time?
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…
CBE’s net foreign assets achieve $10.4bn surplus in September
The Central Bank of Egypt (CBE) revealed that its net foreign assets…
CBE to review interest rates amid predictions of fourth consecutive hold
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…
CBE authorizes banks to open financial inclusion accounts
The Central Bank of Egypt (CBE) has granted banks permission to open…
Egypt’s external debt falls to $152.9bn in June
Egypt's external debt decreased to $152.9bn by the end of June 2024,…