CBE

Egypt's annual core inflation declines to 1% in June: CBE

Thu, 09 Jul 2020 - 08:15 GMT

The annual core inflation rate reached 1 percent in June, down from 1.5 percent in May last year, the Central Bank of Egypt (CBE) said in a statement.

Egypt’s central bank issues LE20.5B on T-bills Thursday

Thu, 09 Jul 2020 - 02:48 GMT

The T-bills will be offered in two installments; the first installment is valued at LE 9.5 billion with a 182-day term.

Egypt’s central bank issues LE21B on T-bills, bonds Sunday

Mon, 06 Jul 2020 - 09:54 GMT

T-bonds are valued at LE 3 billion with a seven-year term.

CBE official: 4,291 clients benefit from initiative to support economic sectors

Sun, 05 Jul 2020 - 02:02 GMT

As many as 4,291 clients have benefited from the initiative until the end of June, the source said in statements to MENA.

CBE representative to join 2 committees on investment disputes settlement upon PM decision

Fri, 03 Jul 2020 - 11:07 GMT

CBE Governor Tarek Amer will represent the bank in the two committees, the source said.

Egypt's central bank, EGX shift June 30 holiday to Thursday

Mon, 29 Jun 2020 - 10:40 GMT

Madbouli announced Sunday that any occasion that happens to take place in the middle of the week will be shifted to Thursday to enable citizens to have a longer weekend. The decision also applies to all municipal and public business sector employees.

Egypt's central bank issues LE 6.75B in T-bonds Monday

Mon, 29 Jun 2020 - 09:05 GMT

The T-bonds were offered in two installments, with the first valued at LE 3.5 billion with a five-year term.

Egypt's central bank, EGX announces 2-day holiday on occasion of June 30 revolution

Sun, 28 Jun 2020 - 04:08 GMT

Egypt’s fiscal year starts on July 1 and ends on June 30 of the next year.

Egypt's central bank issues LE 13.5B in T-bills Sunday

Sun, 28 Jun 2020 - 10:41 GMT

T-bills are issued every Sunday and Thursday.

Egypt's central bank statement on unchanged interest rates

Thu, 25 Jun 2020 - 04:45 GMT

MPC attributed the reasons behind keeping the rates unchanged for the third consecutive meeting in a statement.

Egypt's central bank keeps interest rates unchanged for 3rd meeting in row

Thu, 25 Jun 2020 - 04:41 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Egypt's central bank issues LE 15B in T-bills Thursday

Thu, 25 Jun 2020 - 12:17 GMT

T-bills are issued every Sunday and Thursday.

Hermes, Wealth Fund seek purchasing Arab Investment Bank

Wed, 24 Jun 2020 - 12:35 GMT

Under the deal, Hermes will own not less than 51 percent of the bank's capital while the fund will own not less than 25 percent.

Egypt's central bank issues LE 7B in T-bonds Monday

Mon, 22 Jun 2020 - 12:25 GMT

The T-bonds were offered in two installments, with the first valued at LE 3.75 billion with a three-year term.

Finance Ministry auctions LE 13.5B T-bills

Sun, 21 Jun 2020 - 05:04 GMT

The ministry said it sold 91-day T-bills worth LE 6 billion with average yield of 12.917 percent.

Egypt's central bank issues LE 13.5B in T-bills Sunday

Sun, 21 Jun 2020 - 10:57 GMT

T-bills are issued every Sunday and Thursday.

CBE approves including SMEs in LE 100B initiative

Thu, 18 Jun 2020 - 01:55 GMT

The move is meant to help these businesses survive and achieve growth, through decreasing the borrowing cost on them.

Egypt's central bank issues LE 14B in T-bills Thursday

Thu, 18 Jun 2020 - 10:23 GMT

T-bills are issued every Sunday and Thursday.

Finance Min. guarantees LE3B for banks to finance Egypt’s tourism sector

Wed, 17 Jun 2020 - 04:44 GMT

The Board of Directors of the CBE agreed to allocate LE 3 billion out of the LE 50 billion available for the initiative to replace and renew tourist facilities.

CBE: Local liquidity rose to LE 4.276T by end of March

Tue, 16 Jun 2020 - 01:23 GMT

CBE attributed the rise in local liquidity to the increase of net local assets and the drop in foreign assets at the banking body.

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