Remittances from Egyptians abroad climb 1.5% y-o-y in 10 months
Remittances from Egyptians working abroad grew by 10.5 percent year-on-year in the first ten months of the…
Browsing Tag
Central Bank of Egypt (CBE)
Egypt’s CBE leaves key interest rates unchanged for third time in 2021
The Monetary Policy Committee (MPC) of Egypt's central bank (CBE) decided on Wednesday to keep the current interest…
CBE increases withdrawal, transfer limits from mobile wallets
The Central Bank of Egypt (CBE) has released new regulations allowing mobile wallet users to borrow, withdraw, and…
Egypt’s balance of payments reaches $1.5bn surplus in H2 2020: CBE
Egypt’s balance of payments (BOP) recorded an overall surplus of $1.5bn in H2 of 2020, compared to a deficit of…
CBE extends exemption of 3 commodity imports 1 more year from cash requirement
The Central Bank of Egypt (CBE) has extended the exemption period for rice, lentils, and beans from the 100 percent…
CBE confirms strength of banking sector as non-performing loans decline
The Central Bank of Egypt (CBE) affirmed the strength and resilience of the banking sector, noting that the assets…
Central Bank of Egypt expected to maintain base interest rates next Thursday
Major financial institutions in Egypt including Beltone financial as well as some banking experts believe that The…
Customer loans increase to EGP 2.38trn at end of October 2020
Loans provided by banks in Egypt, excluding the Central Bank of Egypt (CBE), increased by 1.09 percent recording…
National Bank of Egypt exempts MSMEs from e-commerce payments fees till June-end
The National Bank of Egypt, the country’s biggest state-run lender, announced on Thursday that it is exempting…
CBE-hosted FinTech Innovation sprint launched to address COVID-19 challenges
The Central Bank of Egypt (CBE) has collaborated with the Financial Regulatory Authority (FRA) to launch an…
