Latest Banking News
For first time, CBE instructs banks to protect clients’ rights
Instructions have been in effect since 13 February, banks were given one-year…
CBE pays EGP 114.4bn of interest on Deposit Operation in FY 2017/18
Bank turns from profits of EGP 12.66bn in FY 2016/17 to losses…
Crédit Agricole Egypt’s net profit rises by 12.4% to EGP 2.2bn in 2018
Crédit Agricole Egypt reported a net profit of EGP 2.2bn at the…
Yields on Egypt’s T-Bills down by 0.34 – 0.83% after CBE interest-rate cut
Interest rates, accepted by finance ministry, decline on T-Bills of 91-day to…
International institutions acquired 30.7% of Egypt’s debts by end-June 2018
Debts to Arab countries reached $23.1bn or 24.9% of total external debts:…
Business community calls on CBE to more cuts in interest rates
Decision to cut interest rates by 1% is good, yet values still…
Banks to discuss fate of deposit, lending interests this week following CBE rate cut
NBE, Banque Misr to keep interests of fixed-rate saving certificates stable, cut…
CBE cuts interest rates by 1%
Overnight deposit rate, overnight lending rate, rate of the main operation at…
IDB signs cooperation protocol with Alexandria governorate, MFF to fund social housing units
Agreement to fund 1,138 residential units within CBE initiative
CBE to review interest rates today in first 2019 meeting
Higher inflation in January shifts market expectations of interest stabilisation in this…