In surprise move, Egypt’s CBE hikes key interest rates
The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic…
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Banks
Credit Agricole not considering leaving Egyptian market
The chairperson and managing director of Credit Agricole Egypt, Francois Edouard Drion, said that the bank aims to…
CBE takes measures to protect Egypt’s banks against ransomware
The Central Bank of Egypt (CBE) issued instructions to banks operating in the local market to take precautionary…
Financial crisis over, 2018 to witness boom: Egypt’s CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt (CBE) Tarek Amer.…
Central bank of Egypt to cancel $100,000 limit on individual bank transfers
Egypt’s central bank governor Tarek Amer said yesterday the central bank would soon cancel a $100,000 limit on…
Egypt’s CIB agrees to sell 10% of CI Capital
Egypt's largest listed bank, Commercial International Bank (CIB) has agreed to sell 10 percent of its investment…
Banque Misr in talks with international funding institution for new dollar debt
Banque Misr is negotiating with one of the international banking institutions in order to obtain a new dollar loan…
Egypt’s Industrial Development Bank posts 100 mln pounds-net profits in 4 months
Industrial Development and Workers Bank of Egypt (IDWBE) has achieved net profits worth 100 million Egyptian pounds…
Egypt’s CBE obliges banks to not deal with over 7 exchange bureaus
The Central Bank of Egypt (CBE) issued directives to banks operating in the Egyptian market to not deal with more…
Australia to hold new inquiry into ‘Big Four’ banks
Australia will hold an inquiry into competition in the country's financial system, following a series of scandals…