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Banks
Egyptian Banking Sector’s Local Liquidity Hit EGP 1.144 Trillion In October 2012
The Central Bank of Egypt (CBE) stated that the local liquidity held by the banking sector rose by EGP 20.3 billion…
JP Morgan Must Tighten Risk Controls, Say US Regulators
JP Morgan Chase, which lost billions of dollars in trades by an employee known as the London Whale, must revamp its…
Industrial Development Bank Bails Out Four Customers With EGP 25 Mln
The Industrial Development and Workers Bank of Egypt injected credit facilities worth EGP 25 million, to bail out…
Amer Leaves Upon El-Okdah’s Resignation, El-Kosayer Most Likely To Succeed Amer
An expected resignation was submitted yesterday by Tarek Amer, chairman of the National Bank of Egypt (NBE), to…
Egypt Sells US$1 Bln T-Bills Today
The Egyptian Ministry of Finance sold one-year dollar-denominated 364-day T-bills worth US$ one billion on Monday.…
Al Baraka, Bank Audi Join Consortium Funding El Marakby
Al Baraka Bank of Egypt and Bank Audi Egypt have joined the banking consortium led by the National Bank of Egypt…
Tarek Amer Resigns From NBE
Tarek Amer, chairman of the National Bank of Egypt, has submitted his resignation on Monday to the responsible…
CBE Reduces Number Of FX Auctions To Three A Week
The Central Bank of Egypt (CBE) decided to reduce the number of FX auctions to three auctions this week as it…
Egypt Offers US$ 1 Bln T-Bills Today
The Egyptian Ministry of Finance will offer one-year dollar-denominated treasury bills worth US$ 1 billion on…