Al-Sisi expressed his appreciation for Ramez’s and the CBE board’s sincere efforts during his term, which saw acute economic conditions in light of regional and international difficulties.
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NBE ranked first in Egypt and Africa and third in Middle East and North Africa in field of syndicated loans, according to Bloomberg LP
The pound is expected to officially jump to EGP 8.30 before May 2016, says Dcode
Market awaits CBE’s next step; analysts believe July’s stability will be repeated
Banks are rejecting the issuance of letters of guarantee if projects belong to the Sinai region and the Suez Canal area, says Daker Abdellah
According to CBE, the total deposits growth rate of banks in July was about 18.5%. The growth rate of deposits in EGP amounted to about 19.5%, while the growth rate of foreign currency was 14.1%.
Price reaches EGP 8.40 in black market, which is in complete paralysis in anticipation of the central bank’s next steps
Bloomberg awards the bank for being the best in marketing joint loans and financing projects in Africa for the third consecutive quarter
20th Annual Arab Banking Conference 2015 begins on 19 November with attendance of more than 700 Arab and international figures
Banks support their allocations to meet doubtful loans and reduce its investments in security
During the signing of the agreement with Head of the Mortgage Finance Fund, May Abdel Hamid, Hassan said NBK is keen to participate in the promotion of low and middle income real estate finance.
Plans to repay balances of coupon bonds over next few years
Mohamed Barakat, Tarek Amer tipped as potential replacements for Ramez
CIB and AFD aim to finance and promote climate and environment benefiting private investments.
The bank’s loans-to-deposits ratio increased to 58%, compared to the 41% average in the banking system
Egypt is one of the most prominent markets focused on in the bank’s external strategy, says Hassan
Bank received funding requests from 67 companies, hundreds of millions of euros were allocated, says director
The loan contract was signed on Thursday by Managing Director of NBK – Egypt, Yasser Hassan, and EBRD Director for Egypt, Philip ter Woort.
International reserves record lowest level in 1.5 years
The rate of banknote issuance reached about 15.06% of GDP in June 2014, marking its highest level in the last four years, while it registered its lowest level in November 2014 when it recorded 12.17% of GDP.
The CBE raised the Deposit Operation mechanism on Monday, in order to absorb excess liquidity from banks operating in the Egyptian market.
The US and China are Egypt’s largest trading partners, the UAE is the third largest
The bank aims to finalise bad debts portfolio, spread its branches and services throughout the republic
According to CBE, foreign investors were the second largest investors in Egyptian treasury bills, following public banks, before January Revolution.
Finance ministry to issue treasury bills worth EGP 199.5bn, bonds worth EGP 82bn from October to end of December
Foreign investment in government debt instruments is too little compared to before the January 2011 Revolution
EU countries acquired 33.5% of total Egyptian exports by end of Q3 of FY 2014/2015
The total facilities granted to the government by banks until the end of June rose by EGP 25.619bn to EGP 66.421bn, compared to EGP 40.802bn at the end of June 2014.
21% increase in loans and bank deposits until end of June 2015, over 50% increase in profits, says El-Etreby
El-Etreby added that the FEB has adopted an initiative under the name of “You must have a bank”, with support from the Central Bank of Egypt (CBE)