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Egypt’s PM Accepts Resignation Of CBE’s Deputy Governor
The Egyptian Prime Minister Hisham Kandil has accepted the resignation of Lobna Hilal, Deputy Governor of the…
Egyptian Banks’ Loans Rose EGP 2.3 Bln In Oct. 2012
The volume of loans offered by the Egyptian banking sector to customers surged by EGP 2.3 billion (0.64%),…
Executed Investments Registered EGP 49.1 Bln In Q1 Of FY 2012/13: CBE
The total value of executed investments rose by 6.3%, registering EGP 49.1 billion in the first quarter of FY…
Deposits Held By Egypt’s Banking Sector Rose EGP 12.9 Bln In Oct. 2012
The volume of deposits held by the Egyptian banking sector witnessed an increase of EGP 12.9 billion (1.2%),…
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.…