CBE accepts $1.56bn worth offers from 33 investors with interests ranging between 3.55-3.6%
Latest by Hossam Mounir
Government, investors, and EGX are the most beneficiaries from the decision, while bank depositors are the most harmed
The deposit portfolio stood at EGP 41.1bn, while the loan-to-deposit ratio was 57.1%, with total equity reaching EGP 6.6bn.
The bank ranked 90th in the world this year, based on 1.4 million employment recommendations from a global survey and regional surveys.
The proceeds of this issuance will be directed to repay the earlier T-Bills issuance launched by the CBE on 19 November 2018, valued at $1.703bn.
This step reflects the bank’s efforts in supporting the Egyptian economy, says Azab
The CBE has issued a 364-day T-Bills auction worth €695m, due on 10 November 2020. Later, the CBE said it received 49 offers worth €851.5m from local and foreign financial institutions to invest in the auction, of which 36 bids worth €695m were accepted.
It’s the highest foreign exchange reserves in Egypt’s history, covering more than eight months of commodity imports.
Banks issued 3.5m Meeza cards until end-October, says CBE Deputy Governor
Minister of Social Solidarity announces opening subscription on Tuesday
Remittances of Egyptians working abroad are one of Egypt’s most important foreign exchange resources.
Service sector received EGP 62.2bn banking funds, while industrial sector got EGP 43.1bn
Egypt’s imports scored $66.529bn, while exports reached $28.495bn between July 2018 and June 2019
FX reserves up by $25.618bn, exchange rate and inflation fall, and public debt rises
For the first time in the history of the game, the total women’s tournament awards reached $430,000, higher than its counterpart for men, which totalled $185,000.
Dealing with financial institutions is better and cheaper than bonds, says Aboul Fotouh
The CBE noted that debt services reached $13.4bn in fiscal year 2018/19, including $10.2bn in instalments and $3.2bn in interest.
Authority has financed 545,000 small and micro projects, creating 850,000 jobs in last two years, says Gamea
Company aims to establish another securitisation process of EGP 700m, says Hossam Hussein
US currency lost 13 piasters of its value in October, totalling 178 piasters decline since beginning of 2019
We aim to achieve 30-35% growth in various activities this year, says Fahmy
CBE gives last chance for conflicting parties to reach solution
Banque du Caire’s microfinance portfolio reaches EGP 6.5bn benefiting 240,000 customers, targeting EGP 7bn by year-end, says Fayed
This step after low inflation leads to an increase in money supply by about EGP 70bn
The financing is offered at 5% and 7% interest rates, as part of the Central Bank of Egypt (CBE)’s Mortgage Finance Initiative.
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with 4,800 clients
Bank manages 1.701m accounts for its clients worth EGP 82.896bn
Arab banking sector assets reached $3.4trn by end-2018 equivalent to 124% of Arab countries’ GDP
Bank pumped EGP 19bn to about 900,000 SMEs
13% of short-term debts are deposits from Arab countries that are renewed every four years