CBE sets daily limit for cash deposits, withdrawals in branches of EGP 10,000 for individuals, EGP 50,000 for companies
Latest by Hossam Mounir
Global crises, like the coronavirus outbreak, examine the strength of Egyptian monetary policy , Mohamed Abdel Aal
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
Initiative allows access to subsidised loans at declining 8% interest rate
Evaluation covers technical knowledge, English language tests, behavioural assessment, says Nosseir
The protocol was signed by Alaa Farouk Zaky, Chairperson of the bank and Moustafa El Sayyad, Deputy Minister of Agriculture for Livestock, Fisheries and Poultry Affairs.
Agency allocates EGP 10m to convert vehicles to dual-fuel in cooperation with “Car Gas”
Government halts administrative distraint on defaulters in tourism sector for one year
Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported about the bank not adhering to the CBE instructions due to his affiliation to the Ministry of Social Solidarity, noting that the bank coordinates with the CBE in this regard.
80% of NBE’s certificate sales took place online
CBE included microfinance sector in the initiative on Monday
Okasha as deputy chairperson, Abaza as treasurer
Initiative includes clients of financial leasing, real estate, factories , SMEs, personal loans, car loans, credit cards
Net foreign assets up EGP 75.1bn in 7 months, credit facilities rise to EGP 1.883bn in January
Bank has 1.31% market share of total loans, 1.47% deposit market share: El Khouly
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
The CBE added that issuing the prepaid cards to citizens will be free of charge for a period of six months, provided that the cards are contactless, if a bank starts issuing this type of cards.
Customers can use Misr Life Insurance’s digital applications and electronic payment channels that are already available for insurance services, as well as pay their premiums through a large network of electronic payment channels, which include, Misr Life Insurance official website, www.misrlife.com, as well as the company’s mobile app, on apple store and android, Fawry outlets across the country, Mobile wallet, Fawry services available through National Bank of Egypt (CBE)’s ATMs
Both banks to offer 1-year saving certificates with 15% yield on Sunday
The CBE added that remittances in the second half (2H) of 2019 surged by about $1.6bn to $13.7bn, compared to $12.1bn in the corresponding period in 2018.
NBE, Banque Misr reduce interests of variable-return certificates only, hold them on two most important savings vessels
For his part, Hany Emad, head of the central sector for financing small projects in the MSMEDA, announced that the agency is fully prepared to provide additional funds and facilities for projects that need funding to deal with the effects of the crisis.
We expect coronavirus fears to lead to outflows from Egyptian treasuries
CIB suspends all internal activities including gatherings in large numbers, limits training to online courses
CBE has taken strong measures in anticipation of possible impacts of global conditions on Egypt’s economy, says Tarek Amer
Total number of trainees through e-learning reached 20,000 until February 2020: EBI Executive Director
MSMEs loan installments postponed for six months without fines
CBE launches Meeza, Non-Cash Payment Law, FinTech Regulatory Sandbox, e-collection of government’s payments
Accordingly, the annual core inflation rate recorded 1.9% in February 2020, compared to 2.7% in January 2020.
On Monday, the official price of the dollar at the Central Bank of Egypt (CBE) reached EGP 15.6543 for buying and EGP 15.7761 for selling, compared to EGP 15.5865 for buying and EGP 15.713 for selling on Sunday.