Latest Banking News
Some banks raise interest on savings vessels after CBE decision, public banks to follow suit
Some banks operating in the local market have quickly raised the interest…
Banks looking forward to returns on debt instruments following Egyptian pound’s flotation, raising interest by 3%
The average return on initial treasury bills increased by 3.6% and exceeded…
Banks confused over US dollar pricing during first 3 days after flotation
Chaos is normal since this is the first time for Egypt, but…
Pound’s flotation on the table since December 2015 as part of an integrated economic reform programme: CBE governor
Amer reveals preparations behind 3 November decisions, saying they were supported by…
CBE launches hotline for complaints on malpractices in currency trading
The Central Bank of Egypt (CBE) launched a call centre hotline on…
Commerzbank loss beats analysts’ expectations
German bailed-out lender Commerzbank has posted a net loss of several million…
CIB negotiates with 8 banks to fund Orascom Hotels loan rescheduling worth EGP 2bn
The company looks to reschedule both short- and mid-term loans
Allocations for petroleum product subsidies expected to increase after floating the Egyptian pound
Allocations for petroleum product subsidies expected to exceed previous amount of EGP…
CBE will not hold exceptional tender Thursday: Genena
The CBE's governor said foreign exchange reserves will not be used, described…
Bank are free to price the US dollar: CBE
This comes after the CBE fully floated the exchange rate on Thursday…