Tag: Central Bank of Egypt

Net consolidated profits of QNB end of June 2019 reach EGP 4.217bn

Bank accounts for 7.82% of loans, 5.17% of deposits in Egyptian banks…

Hossam Mounir

Beltone expects CBE to keep interest unchanged

Investment bank expects inflation to temper at 13.3% in Q3 of 2019

Hossam Mounir

Gold in FX reserves up by $69m in June 2019

FX reserves increased to $44.352bn end of May: CBE

Hossam Mounir

HC expects CBE’s MPC to keep interest rates unchanged

New electricity, fuel prices will hike monthly inflation: Saada

Hossam Mounir

BOP overall deficit records $351.2m in July/March of FY 2018/19

The CBE revealed that the current account deficit registered $7.6bn and the…

Daily News Egypt

CBE confirms strength of banks’ financial positions by end of 1st quarter of this year

The CBE noted that banks secured provisions of 98% of total NPLs…

Hossam Mounir

New Era for Egypt: Ban on cryptocurrencies to be lifted

Egypt’s ban of cryptocurrencies is due to be lifted, meaning companies that…

Daily News Egypt

CBE allocates EGP 50bn for mortgage finance for middle-income people

A mini committee was formed including representatives of the CBE, banks operating…

Shaimaa Al-Aees

Al-Sisi appoints Fakhry Elfiky as CBE’s board member

Elfiky has a 35-year international experience in the fields of economic and…

Daily News Egypt

New Banking Law prohibits establishment or operation of platforms for issuing, circulating e-currencies without license

Law grants CBE's board right to issue regulation, circulation, dealing rules  with…

Hossam Mounir