Egypt’s Govt. Banks Apply Basel II Standards By Next June
All local banks in Egypt will apply Basel II standards before the end of next June, said Gamal Negm, sub-governor…
Browsing Tag
CBE
US Dollar Hits 10-Year High Against Egypt Pound In Week
The trading on the US dollar has ended last week reporting a 10-year high against the Egyptian pound to reach EGP…
US Dollar Soars To EGP 6.90, Yen Falls: NBE
On Thursday, the US dollar’s exchange rate against the Egyptian pound has surged to EGP 6.8711 for buying and EGP…
CBE Totally Independent From Govt.: Hisham Ramez
The Central Bank of Egypt (CBE) is completely independent from the government and its main goals are keeping the…
IMF Loan Crucial To Egypt, But Political Stability Indispensable: Hisham Ramez
The Governor of the Central Bank of Egypt (CBE) Hisham Ramez affirmed that securing US$ 4.8 billion loan from the…
CBE Offers US$ 40 Mln To Banks At 46th FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Thursday at its 46th FX auction and the…
No Taxes On Savings; CBE’s Hisham Ramez Affirms
The Governor of the Central Bank of Egypt (CBE) Hisham Ramez revealed that the Egyptian banking sector’s deposits…
CBE Offers US$ 40 Mln To Local Banks On Wednesday
The Central Bank of Egypt (CBE) offers on Wednesday US$ 40 million to local banks at its 45th FX auction and the…
Local Banks Deposit EGP 14 Bln In CBE Through Deposit Operations
The Central Bank of Egypt (CBE) announced it received bids worth EGP 15.07 billion from banks through the deposit…
CBE Issues US$ 630 Mln Guarantee For 250-MW Wind Farm Construction
The Central Bank of Egypt (CBE) has issued a sovereign letter of guarantee worth US$ 630 million to cover all…