Monetary Policy Committee holds first meeting in 2016 to discuss future of basic interest rates at CBE
The MPC decided during its last meeting on 24 December 2015 to…
Non-performing loans fell to 7.2% of total by end of September 2015: CBE
CBE issued its Financial Soundness Indicators report, where the loans-to-deposits ratio increased…
CBE decides to raise maximum foreign currency deposit cap to $250,000 monthly
Decision applies only to companies to facilitate import operations of main and…
CBE policies reduce car imports in 2016
NBE and Banque Misr restrict opening letters of credit for fully-manufactured models,…
Limited impacts for recent CBE lending controls: Beltone
Reducing maximum loan per customer and bank contributions in capital market funds…
Banks race to implement CBE’s programme for funding SMEs
Both Banque Misr and the Industrial Development and Workers Bank of Egypt…
Banque Misr begins activating CBE initiative to finance SMEs with 5% yield
This springs from the bank's commitment to promoting economic development and contributing…
Local, international institutions offer to invest $1.168bn in treasury bills
The bills’ interest rate saw a 40 points increase compared to CBE’s…
Government sought to decrease $60bn bill by ‘banning luxurious products’
Around $26bn of Egyptian imports are categorised as “essential”
International foreign reserves ends in 2015 with a slight increase
CBE's international foreign reserves increase by $23m at the end of December