Latest Banking News
EGP 20.89bn in net profit in Egyptian market in June: CBE
Report shows results of different local and international operations throughout banks
Credit cards increase to 2.575 million by end of June: CBE
16.242m debit cards issued by banks operating in Egyptian market until mid-2015…
New CBE governor must balance between inflation, exchange rate, interest rates: Expert
The Egyptian pound will not rise because of a new governor, says…
Will Amer change Ramez’s monetary policy and exchange market management?
Analysts expect the new governor to amend some of Ramez's decisions
China announces further stimulus amid slump
The People's Bank of China has cut interest rates for the sixth…
I requested to leave CBE 3 months ago: Ramez
Former governor of the Central Bank of Egypt (CBE) Hisham Ramez said…
CBE fixes dollar price against pound in first tender after Ramez’s resignation
The CBE offered a third tender to sell dollars to banks operating…
French bank fined for violating US sanctions
French bank Credit Agricole has reportedly made a deal with US investigators…
Dollar stabilises after increasing by 20 piasters in 2 days
Market awaits CBE's next step; analysts believe July's stability will be repeated