CBE

Egypt's banks off Thursday on Jan.25 revolution, Police Day anniversary

Sun, 22 Jan 2023 - 02:47 GMT

January 26 will be off instead of January 25, which falls on Wednesday.

Egypt's central bank issues LE 35B in T-bills Sunday

Sun, 22 Jan 2023 - 02:33 GMT

The T-bills were offered in two installments, with the first valued at LE 13.5 billion with a 91-day term, and the second worth LE 21.5 billion with a 273-day term.

Egypt pays $2.5B in foreign debt payments within 2 months

Tue, 17 Jan 2023 - 12:35 GMT

The Central Bank of Egypt (CBE) elaborated in a statement, that it paid about $1.5 billion in November, and $1 billion in December 2022.

Egypt’s banking sector provides $2B of importers’ requests within 3 days

Mon, 16 Jan 2023 - 03:16 GMT

This confirms the ability of the banking sector to cover pending currency requests for importers as soon as possible.

Egypt's central bank issues LE 4.5B in T-bonds Monday

Mon, 16 Jan 2023 - 10:17 GMT

The T-bonds were offered in three installments, with the first valued at LE 1 billion with a 1.5-year term.

Egypt's central bank issues LE 43.3B in its last T-bills in 2022

Thu, 29 Dec 2022 - 05:33 GMT

The T-bills were offered in two installments, with the first valued at LE 20.5 billion with a 182-day term.

Egypt's central bank cancels letter of credit requirement for imports

Thu, 29 Dec 2022 - 05:20 GMT

The CBE said in a statement that it decided to restore the documentary collections system for imported goods.

Egypt's Central Bank issues new instructions to protect confidentiality of customer statements

Wed, 28 Dec 2022 - 03:48 GMT

“The bank must send account statements to customers every 3 months at most,” it added.

CBE extends 2 initiatives in support of tourism sector

Sun, 25 Dec 2022 - 02:58 GMT

The CBE made the announcement in a circular sent to all banks operating in the local market on Sunday.

Egypt's central bank sets new targets for inflation rates

Thu, 22 Dec 2022 - 08:58 GMT

The CBE set an average rate of 5 percent (±2 percent) for the targeted inflation rates during the fourth quarter of 2026.

Egypt's central bank raises interest rates 3% during last meeting in 2022

Thu, 22 Dec 2022 - 08:48 GMT

The discount rate was also raised to 16.75 percent.

Egypt's central bank issues LE 26.5 in T-bills Thursday

Thu, 22 Dec 2022 - 11:27 GMT

The T-bills were offered in two installments, with the first valued at LE 5 billion with a 182-day term.

Egypt's central bank discusses interest rates with 1-2% hike expectations

Thu, 22 Dec 2022 - 11:15 GMT

Most of the expectations of economists and investment banks point to the Central Bank's direction for a new hike by about 100 points to 200 points.

FEI head commends CBE decision to stop funding loans

Mon, 19 Dec 2022 - 05:44 GMT

Addressing the third session of "People And Banks" conference, held today, he described the decision as good, as CBE is not responsible for backing such initiatives, but it is a must that the government offers backing to such sector.

Saudi Sovereign Fund in talks to acquire Egypt's United Bank for $600M

Mon, 12 Dec 2022 - 02:55 GMT

The agreement may be completed within December 2022.

Egypt's central bank issues LE 14B in T-bonds Monday

Mon, 12 Dec 2022 - 02:41 GMT

The T-bonds were offered in three installments, with the first valued at LE 6 billion with a 1.5-year term.

Egypt's central bank issues LE 28.5 in T-bills Sunday

Sun, 11 Dec 2022 - 02:06 GMT

The T-bills were offered in two installments, with the first valued at LE 8 billion with a 91-day term.

CIB nominates Hisham Ezz El Arab as Chairman of Board of Directors

Fri, 09 Dec 2022 - 04:57 GMT

Renowned Banker Hisham Ezz El Arab was nominated by The Commercial International Bank (CIB) Bank Board of Directors to be appointed as a non-executive chairman of the board of directors, after obtaining the approval Egypt’s Central Bank.

Egypt's annual core inflation records 21.5% in November: CBE

Thu, 08 Dec 2022 - 05:53 GMT

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

Egypt's central bank issues LE 27.5 in T-bills Sunday

Sun, 04 Dec 2022 - 12:17 GMT

The T-bills were offered in two installments, with the first valued at LE 7.5 billion with a 91-day term.

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