Egypt rejects loans worth $39.3B since 2018: deputy planning minister

Wed, 08 May 2024 - 04:02 GMT

Deputy Minister of Planning and Economic Development Ahmed Kamaly made the statement Wednesday at the plenary session of the House of Representatives.

Egypt’s Rania Al-Mashat participates in launch of multilateral financing platform

Sun, 21 Apr 2024 - 10:16 GMT

Rania Al-Mashat, Minister of International Cooperation, participated Sunday in the launch of the multilateral financing platform of 10 development banks.

Sisi calls on AIIB to offer more low-cost financing to accommodate emerging economies

Tue, 26 Sep 2023 - 07:25 GMT

President Abdel Fattah el-Sisi called on the Asian Infrastructure Bank (AIIB) to play a greater role in low-cost financing to support economies amid global challenges.

Microfinance jumps by 18.4% in Q1 of 2023 hitting LE74.8B

Wed, 12 Jul 2023 - 05:57 GMT

That is compared to LE63.1 billion in the same period last year.

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.

Local Development Fund provided LE160M in loans in 8 years - minister

Thu, 07 Apr 2022 - 01:03 GMT

The fund provides micro and small loans for low-income families to raise their income and to reduce unemployment rates, said the minister.

Haya Karima has dispensed LE 844M in loans for small, micro enterprises

Mon, 25 Oct 2021 - 11:19 GMT

Haya Karima initiative has dispensed loans worth L.E.844 million for small and micro enterprises since its launch in 2019.

List: Egypt's parliament approves $1.1B in loans, $140.7 in grants in first session of second legislative term

Tue, 10 Aug 2021 - 05:32 GMT

Egypt’s House of Representatives approved 28 international agreements during the first session of the second legislative term, which all tackled infrastructure, SMEs, and governance aspects at roughly $1.1 billion in loans and $140.7 million in grants.

51% of microfinance loans provided to Egyptian women entrepreneurs amid COVID-19

Sun, 18 Oct 2020 - 10:29 GMT

"Over the past few years, Egyptian women’s economic participation has increased, as the percentage of women holding bank accounts has increased from 9 percent in 2015 to 27 percent in 2017."

EGP 2.6 M of loans offered to finance 297 projects in 13 governorates- minister

Fri, 31 Jul 2020 - 03:52 GMT

The main target of the Local Development Fund is to finance several projects to support the households and women in increasing their incomes, Shaarawi said.

CBE makes some clarifications on loan installment postponement

Thu, 16 Apr 2020 - 03:00 GMT

The accrued interest for this period in addition to the principal will be collected by banks after the end of the six-month period, the CBE said in a statement.

CBE provides tourism facilities 2-year-loans to pay salaries

Tue, 24 Mar 2020 - 02:18 GMT

This procedure will contribute to the payment of salaries, wages and obligations existing with suppliers and maintenance work for tourist activities, it added

CBE eases restrictions on personal loans

Sun, 22 Dec 2019 - 01:08 GMT

Under the decision, the value of mortgage loans for personal housing will stand at 40% of the monthly total income of the client, the statement added.

EBRD reviews providing NBE with 2 loans worth $50M

Thu, 24 Oct 2019 - 01:20 GMT

European Bank for Reconstruction and Development reviewed the provision of two senior loans to the National Bank of Egypt with a total amount of $50 million.

CBE: LE144.2B worth of loans to small, medium-sized firms since 2016

Sun, 25 Aug 2019 - 03:10 GMT

Small companies received a total of LE 84.4 billion during that period, according to CBE statistics obtained by MENA Sunday.

Micro, small enterprises’ loans hit LE1.5B in Q1 2019

Wed, 05 Jun 2019 - 09:42 GMT

About 62,000 small and micro projects were funded, providing nearly 97,000 jobs during the period from January to March 2019.

Loans provided to customers hit LE1.82T by end of Feb.

Wed, 22 May 2019 - 12:07 GMT

Governmental loans reached LE 586.4 billion, LE 227.6 billion of which were provided in local currency and LE 340.7 billion in foreign currency.

Loans provided to customers hit LE1.8T in December

Fri, 01 Mar 2019 - 09:49 GMT

Governmental loans reached LE 570.5 billion, LE 343 billion of which were provided in foreign currency and LE 227.4 billion in local currency.

Banks’ deposits hit LE3.56T in 2017/18:CBE

Sun, 25 Nov 2018 - 12:00 GMT

CBE’s recent report showed that banks’ loans rose to LE 1.53 trillion by the end of March 2018, compared to 1.45 trillion by the end of December 2017.

Egyptian government borrowing volume reaches LE 2.5T in 7 years

Mon, 17 Sep 2018 - 12:19 GMT

Ma’it said the time of repayment has come, referring to the importance of lowering deficit and debt rates.