Tag: CBE

Five banks acquire 59.6% of banking sector total assets: CBE

Top ten banks acquire 72.4% of total deposits, 67.6% of loans, from…

Hossam Mounir

CBE expects UAE deposit before end of May

The CBE's governor says Egypt has not received any deposits from abroad…

Hossam Mounir

Egypt’s foreign exchange reserves gain $450m in April: CBE

It explained in a statement on its website that the reserves increased…

Hossam Mounir

CBE fixes dollar price in Tuesday auction, dollar remains stable in informal market

Through its weekly auction, the CBE sells dollars to banks working in…

Hossam Mounir

Banks operating in Egypt record EGP 35.88bn net profits in 2015: CBE

Non-performing loans fell to 6.8% of total, 99% of which are covered…

Hossam Mounir

EGP devaluation is credit positive for banks: Moody’s

Moody’s forecast of Egypt’s economic growth is lower than the government’s predictions

Daily News Egypt

Negligence of foreign currency resources aggravates ballooning dollar crisis

A decline in revenues from tourism, FDI, the Suez Canal and Egyptian…

Doaa Farid

CBE grants banks $118.7m, returns to quota in Tuesday’s auction

Banks were granted this amount at a price of EGP8.78 to the…

Hossam Mounir

Meetings to determine fate of closed companies, restore stability to exchange market

CBE signed a penalty on the violating companies, which are ready to…

Hossam Mounir

CBE poised to lift interest on pound

The Monetary Policy Committee is holding its third meeting this year on…

Hossam Mounir