Latest Banking News
IMF to reach Staff Level Agreement with Egypt very soon
Egypt's negotiations with the IMF over started in March. One of the stumbling…
IMF reaches Staff-Level Agreement with Tunisia on $1.9bn Extended Fund Facility
Tunisia reform program will improve tax equity by taking steps to bring…
Egypt’s external debt declined to $155.708bn by end of June: CBE
$129.089bn of the remaining debt is long-term debt and $26.619bn is short-term
Banks in Egypt set withdrawal limits on using ATM cards abroad to ease pressure on FX reserves
Steps comes after spotting manipulation practices
Banks looking to raise interest rates on USD certificates by Sunday
Recently, the NBE announced that it would adjust the interest rates on…
Domestic liquidity in Egyptian banking sector increases to EGP 6.808trn in August 2022: CBE
Volume of non-governmental bank deposits in local currency increased to EGP 5.128trn
CIB participates in 2022 IIF Emerging Markets Sustainable Finance Summit
The summit aimed to capitalize on the tremendous success of the 2021…
CBE announces major financial soundness indicators in Egypt’s banking sector during 1H 2022
Total financial position of banks in Egypt increased to EGP 10.037trn
Central Bank of Egypt keeps interest rates unchanged
Central Bank of Egypt decides to increase banks' required reserve ratio to…