Central Bank of Egypt

Egypt's central bank raises interest rates 200bps during May

Thu, 19 May 2022 - 04:51 GMT

The CBE’s decision comes in light with Fitch credit rating agency’s expectations that the central bank would raise interest rates at the Monetary Policy Committee’s meeting.

CBE's governor reviews repercussions of int'l crisis on Egypt's economic conditions

Wed, 18 May 2022 - 03:25 GMT

He added during the 2022 Arab Banking Conference that the capital adequacy standard recorded 25.5 percent by the end of December 2021, compared to 14.5 percent in 2017, while the global average for the capital adequacy standard recorded 12 percent.

Egypt's central bank joins Network for Greening Financial System

Mon, 16 May 2022 - 02:46 GMT

The network of the NGFS includes, in its membership, 114 members of the supervisory bodies of the financial and banking sectors in the world, which include central banks, bank associations and financial regulators from around the world, according to the CBE.

Remittances from Egyptian expats record $3.3B in March: CBE

Mon, 16 May 2022 - 02:28 GMT

The CBE clarified that the remittances increased by 44.4 percent on a monthly basis which recorded $2.3 billion in February 2022.

Egypt's annual core inflation records 11.9% in April: CBE

Tue, 10 May 2022 - 03:25 GMT

Core inflation discounts or strips out certain categories that are considered more volatile.

Financial inclusion in Egypt rises 115% during 6 years

Tue, 26 Apr 2022 - 06:27 GMT

The Central Bank of Egypt (CBE) has issued the main indicators of financial inclusion, which contribute to following up on the development of the use of financial services and products for all segments of society in a way that supports achieving sustainable growth and economic stability.

Egypt's external debt rises to $145.5 billion by end of 2021

Thu, 21 Apr 2022 - 11:36 GMT

Long-term debt represented the largest share of debt, amounting to $132.7 billion at the end of the second quarter of the current fiscal year, compared to $125.939 billion in the previous quarter of the same year, according to CBE data.

Egypt’s gov’t establishes special unit in CBE for crimes of money laundering, terrorist financing

Wed, 20 Apr 2022 - 11:56 GMT

The cabinet approved Wednesday a draft law amending some provisions of the Anti-Money Laundering Law promulgated by Law No. 80 of 2002.

Egypt’s PM follows up efforts to provide local market with strategic commodities

Tue, 19 Apr 2022 - 08:39 GMT

Prime Minister Mostafa Madbouli presided on Tuesday over a meeting to follow up on the provision of strategic goods and production materials to the domestic market.

CBE, EGX off Sunday, Monday

Tue, 19 Apr 2022 - 03:11 GMT

The bourse will resume its operations on April 26, according to a statement released on Tuesday.

Egypt's central bank issues LE 5.5B in T-bonds Monday

Mon, 18 Apr 2022 - 12:23 GMT

The T-bonds were offered in two installments, with the first valued at LE 4.5 billion with a 1.5-year term

Egypt's central bank issues LE 20.5B in T-bills Thursday

Thu, 14 Apr 2022 - 11:47 GMT

The T-bills were offered in two installments, with the first valued at LE 12.5 billion with a 182-day term.

Egypt's annual core inflation records 10.1% in March: CBE

Sun, 10 Apr 2022 - 03:25 GMT

Core inflation discounts or strips out certain categories that are considered more volatile.

Egypt's central bank issues LE 5.25B in T-bonds Monday

Mon, 04 Apr 2022 - 01:12 GMT

The T-bonds were offered in two installments, with the first valued at LE 4.5 billion with a 1.5-year term.

CBE signs agreement to participate in Buna platform for Arab payments

Thu, 31 Mar 2022 - 05:11 GMT

The platform aims to enable Arab banks to receive and send bank transfers to and from the participating Arab countries within the Buna platform for Arab payments in different Arab currencies in addition to other international currencies.

Saudi Arabia deposits $5 billion in Egypt's central bank

Wed, 30 Mar 2022 - 04:49 GMT

This came in implementation of directives by Saudi King Salman bin Abdulaziz Al Saud and Crown Prince Mohamed Bin Salman, the Saudi Press Agency (SPA) reported.

CBE announces Ramadan working hours for banks

Mon, 28 Mar 2022 - 02:38 GMT

Employees will work from 9 am until 2 pm daily, the CBE said in a statement on Monday.

Egypt's central bank issues LE 14.25B in T-bonds Monday

Mon, 28 Mar 2022 - 01:58 GMT

The T-bonds were offered in four installments, with the first valued at LE 2 billion with a three-year term.

Egypt's central bank raises interest rates 100bps in exceptional meeting

Mon, 21 Mar 2022 - 10:33 GMT

The discount rate was also raised by 100 bps to 9.75 percent.

Egypt's central bank issues LE 20B in T-bills Thursday

Thu, 17 Mar 2022 - 02:05 GMT

The T-bills were offered in two installments, with the first valued at LE 13 billion with a 182-day term.

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