Tag: CBE

CBE issues new regulations for microfinance in banks

Excluding credit portfolios purchased from micro finance companies or associations in 20%…

Hossam Mounir

Egypt’s new banking draft law: opportunities and challenges

New law reinforces the independence of the CBE and banks’ boards of…

Hossam Mounir

Egypt’s net foreign reserves break $45bn, the highest level ever 

We need to study the reasons for the high BOP deficit, especially…

Hossam Mounir

Egypt’s tourism revenues jumped by 28.2% during last FY: CBE

Experts argue security stability is key behind hike in tourism, Sultan forecast…

Nehal Samir

Credit facilities by banks fall EGP 35.2bn in July to EGP 1.8trn: CBE

Private sector receives 60.3% of total facilities, industry at the forefront of…

Hossam Mounir

Egypt’s current account records $8.2bn deficit in FY 2018/19: CBE

BOP records 0.1bn deficits, oil trade balance records $8.1m surplus, FDI net…

Hossam Mounir

Egypt has no problem in paying off its debts and foreign obligations: CBE

Abulnaga ruled out the impact of interest rate cut on foreign investments…

Daily News Egypt

Meeza card’s transactions reach EGP 2.2bn until September: CBE

This came during the event organised on Monday by the British Egyptian…

Hagar Omran

Banks apply limited interest cuts after CBE slashes basic rates

Most cuts were limited to variable return certificates

Hossam Mounir

Beltone forsees 0.5% interest rate cut in CBE’s coming meeting, 3% cut in 2020

We do not expect pressure on local currency after interest cut, exchange…

Hossam Mounir