Tag: Central Bank of Egypt

Banks operating in Egypt record EGP 35.88bn net profits in 2015: CBE

Non-performing loans fell to 6.8% of total, 99% of which are covered…

Hossam Mounir

CBE maintains EGP interest rate

The CBE interest rates are the main index for interest rates on…

Hossam Mounir

Meetings to determine fate of closed companies, restore stability to exchange market

CBE signed a penalty on the violating companies, which are ready to…

Hossam Mounir

EFSA proposes financial services companies be involved in CBE microfinance initiative

Financial services companies with experience in financing small businesses can link banks…

Mohamed Ahmed

High interest rate hinders banks in Egypt from obtaining foreign loans

Foreign institutions require high return interest rates of 5.5%, which is unsuitable…

Hossam Mounir

Banks lack clear vision in application of capital conservation buffer ratio

The capital conservation buffer ratio is intended to strengthen a bank's main…

Mohamed Ahmed

Amer denies plans to devalue Egyptian pound after its price falls in informal market

While the dollar is scarce, trader's speculation has also driven inflation, says…

Hossam Mounir

International purchase of treasury bills falls to lowest since 2011: CBE report

The CBE will institute a hedging mechanism with a unified dollar exchange…

Hossam Mounir

NBE loans EGP 1bn to 1,734 micro and small-sized enterprises in February, March 2016

The bank provided EGP 23.4bn to 48,000 SMEs through of March 2016

Hossam Mounir

Prime Holding publishes recommendations on reducing Egypt’s $60bn import bill

Egypt can reduce its value of imports by $20bn, the paper suggests

Daily News Egypt