Latest Banking News
CBE sets new controls for mortgage finance initiative for low-income individuals
Mortgage finance will be provided for clients who meet CBE’s conditions
Egypt’s outstanding dollar, euro bonds increase to $23.2bn, €2bn respectively
Maturities of dollar bonds range between 5-30 years, euro bonds between 8-12…
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…