Banks’ net profits increase to EGP 70.2bn by end-2018
Ten biggest banks account for 63.9% of sector’s total profits, while 5…
Egyptian market expects another interest rate cut on Thursday
Several factors favour cut, others weigh on fixing, final decision is in…
EGP 735.59bn bank investments in T-bills by end-December 2018: CBE
Banks supported their securities portfolio with EGP 202.23bn in 2018
CBE excludes beans, rice, lentils from monetary insurance required for import
The Central Bank of Egypt (CBE) issued on Thursday new directives regarding…
Fate of inked banknotes remains vague
Rumours of banning banknotes with handwritings on them, banks deny, CBE silent
CBE imposes sanctions on 28 currency exchange companies in 2018
Procedure came as result of violations to CBE’s regulations, conditions
CBE approves issuing EGP 870.3m worth ‘Aman’ certificates
NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March…
CBE interest rate cut won’t benefit automotive market: experts
Decline was limited, will not stimulate car sales, say banks
EPG 489.138bn increase in banks’ deposits in 2018: CBE
Government’s deposits hit EGP 391.7bn, family sector deposited 66% of them
Limited response from banks to CBE’s decision to cut interest in first week
Banks move interest on variable yield certificates, others cut interest on deposits,…