American currency lost more than 25 piasters since the beginning of January 2020
Latest by Hossam Mounir
We continue to support and develop Egyptian industries to achieve sustainable development: Fahmy
External debt-to-GDP ratio 36% in Egypt, 48.5% in Latin America, 47.5% in Middle East
Identity and branding reflect the bank’s core values of unity, trustworthiness, strength, and stability: El-Kholy
Another WB mission to visit Egypt next week
CBE to hold 9 MPC meetings this year
Misr Insurance Holding, joint company contributes 52%, NBE 24%, Banque Misr 14%, Misr Financial Investments 10%
Economist and banking analyst for HC, Monette Doss said, “Annual December inflation accelerated to current levels due to unfavorable base effect, while monthly inflation declined for the second consecutive month driven by decreasing food prices as the government continues to make efforts avoiding possible supply shocks and ensuring the availability of basic food items at reduced prices
Bank finances EGP 5.2m for civil engineering, infrastructure management laboratories at Nile University
FEB allocates EGP 100m for establishment of Egypt’s first sustainable school “Hawiytona”
Tourism is a major and important pillar for the national economy: CBE
Growing value of gold reserves pushes FX reserves to its highest level at 2019-end
Bloomberg ranks the NBE first in managing syndicated loans in Egypt
This reserve level is the highest ever in the history of Egypt, and covers more than 8 months of commodities’ imports to Egypt.
The proceeds of the tender goes to repay a previous tender offered on 8 January 2019 worth $845.1m
New board includes financial, legal, technological and economic expertise alongside the governor, deputies
Bank to continue sponsoring the Egyptian Rowing Federation and other games in coordination with the Ministry of Youth and Sports, says Aboul Fotouh
Bank’s deposits reached EGP 1.3trn, while loans were EGP 570bn, including EGP 90bn of retail loans and EGP 57bn for SMEs funding, says Aboul Fotouh
Gamea confirmed that the agency will continue to implement its strategy to support youth projects, and provide all aspects of financial, technical, and marketing support for these projects. She noted that the MSMEDA will continue to cooperate and coordinate with all ministries and state agencies involved in the small enterprise sector in order to advance this sector and expand its financing and participation in the country’s economy.
The NBE’s Vice Chairperson Yehia Aboul Fotouh said the company has previously established three health centres, and intends to expand in the establishment of such centres in the coming period.
Ministry of Finance launches auctions for T-Bills, T-Bonds worth EGP 166.5bn in January, EGP 168bn in February, EGP 212.5bn in March
The proceeds of the tender goes to repay a previous tender worth $845.1m offered on 8 January 2019
Among those activities was the bank’s sponsorship of the Business Centre for design and manufacture of modules, with its extensive experience in the field of financing and supporting industrial activities.
The bank finishes the procedures for acquiring Pharos Securities, Pharos Portfolio Management, and Pharos First Fund within a month
The road is now more paved than ever for the CBE to follow inflation targeting, says analyst
EGP 306bn increase in the total financial position of banks to reach about EGP 5.822trn
Top five banks hold 48.98% of total profits, and biggest 10 gain EGP 42.13bn
After four interest cuts since the beginning of 2019, analysts and bankers have different expectations of MPC’s decision
Bank prepares for a national savings project in cooperation with youth and social solidarity ministries, says Hassan Ghanem
CIB, QNB, Credit Agricole, and ADIB are the main beneficiaries of the decision