Central Bank of Egypt

CBE: Egyptian economy gaining momentum as it recovers, GDP growth to hit 4.3 percent by end of FY

Tue, 20 May 2025 - 12:45 GMT

The projection, outlined in the CBE’s Monetary Policy Report published on Monday, signals the end of a two-year period marked by economic stagnation.

Egypt’s foreign assets rise by 47.5%reaching $15.04B in March

Mon, 05 May 2025 - 12:40 GMT

This represents an increase of about 47.5 percent compared to $10.2 billion in February, according to the Central Bank of Egypt (CBE).

Egypt’s central bank slashes key interest rates by 225 bps

Thu, 17 Apr 2025 - 05:47 GMT

The credit and discount rate was also lowered by the same margin to 25.50 percent.

Net foreign assets rise in February, driven by international bond sales: CBE

Sun, 06 Apr 2025 - 01:19 GMT

The growth in foreign assets was partially fueled by the successful $2 billion international bond sale on January 29, marking Egypt's first dollar-denominated bond issuance in four years.

Banking sector achieves significant growth in 2024, net profits doubled | CBE

Thu, 20 Mar 2025 - 12:06 GMT

The report also revealed that net returns for banks operating in the country totaled LE 915 billion by the end of 2024, up from LE 582.5 billion the previous year.

Banking sector recovers from December, sees net foreign assets rise 65.8%

Mon, 03 Mar 2025 - 10:49 GMT

The rise in net foreign assets can largely be attributed to a reduced deficit in commercial banks, contributing significantly to the overall improvement.

CBE shares new financial inclusion record, 74% of eligible Egyptians actively using accounts

Wed, 26 Feb 2025 - 12:19 GMT

The CBE's financial inclusion success has been bolstered by ongoing collaboration with key stakeholders, including government ministries, regulatory authorities, and the private sector.

Egypt’s central bank keeps interest rates unchanged during its first meeting of 2025

Thu, 20 Feb 2025 - 05:40 GMT

The Monetary Policy Committee (MPC) of the Central Bank of Egypt noted that the decision reflects the CBE’s cautious approach as it balances domestic economic recovery with persistent inflation risks and global uncertainties.

Around 75% of banking sector in line with sustainable finance principles: CBE

Tue, 18 Feb 2025 - 12:22 GMT

With 75 percent of Egypt’s banking sector now aligning with sustainable finance principles, as confirmed by the CBE, the sector has set an industry standard for responsible financial practices.

Annual urban headline inflation hits lowest rate in 2 years: CBE

Tue, 18 Feb 2025 - 11:53 GMT

According to the Central Bank of Egypt (CBE), Egypt’s annual urban headline inflation remained stable at 24 percent in January 2025

Seasonal factors influence decline in Egypt’s foreign assets, NFAs drop 12.2% in December: CBE

Thu, 06 Feb 2025 - 10:55 GMT

Despite the recent downturn, Egypt's NFA position is expected to improve in January 2025, thanks to a $2 billion international bond sale.

CBE reports $991.2M BoP deficit as Suez Canal revenues slip, oil and non-oil trade deficit grows

Sun, 19 Jan 2025 - 02:44 GMT

The primary driver of this shift was a sharp expansion in the current account deficit, which rose to $5.9 billion, compared to $2.8 billion in the first quarter of the prior year.

Egypt’s external debt slips to 38.8% of GDP by end of FY2023/2024

Mon, 13 Jan 2025 - 12:34 GMT

By the end of FY2023/2024 (July 2024), Egypt’s external debt stood at $152.9 billion, down from $168 billion in June 2023.

Egypt’s annual headline inflation decrease to 23.4%, core inflation to 23.2%

Sun, 12 Jan 2025 - 11:27 GMT

On a yearly basis, core inflation eased slightly to 23.2 percent in December 2024, from 23.7 percent in the previous month.

Financial inclusion account withdrawal limits for individuals and businesses increased by CBE

Mon, 30 Dec 2024 - 10:23 GMT

The CBE’s efforts to boost financial inclusion align with the bank’s 2022-2025 strategy, aiming to expand access to financial services across Egypt.

Egypt’s expat remittances soar to $23.7B in 2024: CBE

Tue, 24 Dec 2024 - 12:59 GMT

October 2024 alone saw an exceptional 68.4% surge in remittances, amounting to $2.9 billion, compared to $1.7 billion in October 2023. This remarkable growth highlights the impact of recent economic reforms on financial inflows.

Egypt achieves 181% growth rates in financial inclusion through 8 years

Sun, 15 Dec 2024 - 11:48 GMT

This progress has been driven by collaborative efforts from state entities, the establishment of supportive regulatory frameworks, and the launch of tailored financial products designed to meet citizens’ diverse needs.

Egypt's annual core inflation records 23.7% in November: CBE

Tue, 10 Dec 2024 - 05:09 GMT

According to this data, the annual core inflation rate continued its downward trend for the third consecutive month.

Apple Pay launches in Egypt in initial partnership with 3 banks

Tue, 10 Dec 2024 - 01:14 GMT

The initial rollout includes partnerships with three major local banks: the National Bank of Egypt, Banque Misr, and the Commercial International Bank (CIB).

Egypt’s foreign reserves reach $46.95 billion at end of November 2024

Sun, 08 Dec 2024 - 03:05 GMT

The foreign currency reserves are composed of major global currencies, including the US dollar, Euro, British pound, Japanese yen, and Chinese yuan, providing a diversified financial foundation.

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