Tag: CBE

CBE to decide fate of local interest rates heading into 2021-end

Monetary Policy Committee expected to keep base rates unchanged for ninth time…

Hossam Mounir

$222m increase in Egypt’s FX reserves during November 2021: CBE

Gold reserves also grow by $5m, while SDRs decline $197m

Hossam Mounir

CBE launches EGP 5.5bn initiative to finance transition to modern irrigation

Initiative targets switching 4 million feddan to modern irrigation through loans from…

Hossam Mounir

CBE directs banks to increase operation financing for companies in light of global prices hike

CBE Governor urges banks to end financial disputes with companies, individuals

Daily News Egypt

CBE’s decision to increase women representation on bank boards is highly praised

Decision comes within permanent efforts of CBE to empower women economically, show…

Hossam Mounir

CBE amends instructions on bank governance, board formation

Maximum two terms for non-executive board members, with limit of six consecutive…

Hossam Mounir

CBE to issue $1.6bn worth T-bills on Monday

Proceeds of bid directed to pay previous tender worth $1.585bn

Hossam Mounir

Keeping policy rates unchanged remains consistent with 7% (±2%) inflation target: CBE

Yields on Egyptian Eurobonds have been broadly stabilized in August 2021 after…

Hossam Mounir

CBE, GAFI, and I-Score agree to exchange data electronically, facilitate procedures for investors

Protocol facilitates investment procedures by directly linking banks to GAFI instead of…

Hossam Mounir

CBE approves instant payment network regulations, to be launched in current quarter

Regulations aim to allow payments sent between accounts at different banks to…

Hossam Mounir