Tightening monetary policy prerequisite for achieving inflation targets of 7% (±2%) in 4Q 2024, 5% (±2%) in 4Q 2026: CBE
The CBE stated that the widespread rise in inflation requires more monetary…
CBE to decide fate of EGP interest rate amid strong expectations of new rise
I expect 2-3% interest rate hike, but I hope it won’t change:…
E-payment cards in banking sector increase to 57.475 million in 2022: CBE
1582% growth in points of sale over 8 years
Financial position of banks in Egyptian market increases to EGP 11.399trn in 2022: CBE
Customer deposits jump to EGP 8.562trn, lending and discount balance records EGP…
CBE allows women to open savings vessels to their minor children, should mothers provide money as donation
It comes within CBE’s efforts to enhance financial inclusion
Net profits of banks operating in Egyptian market increase to EGP 130.844bn in 2022: CBE
Top 10 banks account for about 77.59% of total profits of banks
CBE approves rules governing payment card service codes
Rules require banks to abide by Anti-Money Laundering Law
Financial position of banks in Egypt breaks EGP 12trn barrier in November 2022: CBE
Bank deposits reach EGP 8.373trn with 28.99% growth, credit facilities increase to…
CBE issues regulations for initiative to support production sectors
Initiative allocates EGP 150bn to finance industry, agriculture at 11% interest
CBE strengthens cooperation with Jordan in e-payment, fintech
Step takes place within framework of keenness to reinforce cooperation between two…