Banks in Egypt pump EGP 14.5 bln into CBE’s Mortgage Initiative
The banks pumped funds of 14.5 billion Egyptian pounds as part of Central Bank of Egypt mortgage initiative so far,…
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egyptian banks
Banks to be closed in Egypt next Monday
Egyptian banks will be closed next Monday, the Central Bank of Egypt (CBE) said Wednesday in a statement. As…
Dollar exchange rate sees slight hike in Egyptian banks
U.S. dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the…
Deposits at Egypt banks hit new high at August-end
Deposits at banks operating in Egypt hit new record, rising to 3.124 trillion Egyptian pounds ($177 billion) at the…
Egyptian banks net profits grow 48% end-2016
Egypt’s banks made 62 billion Egyptian pounds ($3.5 billion) in net profit at the end of 2016 from 34 billion…
Egyptian banks have provided $55.1 bln to fund trade since pound float
Egyptian banks have provided around $55.1 billion to fund trade since the country floated its currency in early…
Fitch says Egypt banks’ foreign currency liquidity to improve as transfer cap ends
Egypt's removal of foreign-currency (FC) transfer limits will help to restore confidence in the economy and attract…
Deposits at Egypt banks fall for first time since September 2014
The total volume of deposits at banks operating in Egypt fell for the first time since September 2014, to record…
Central Bank of Egypt denies reports it told banks to halt Qatari dealings
Egypt’s central bank has not given orders to halt transactions in Qatari riyals or dealings with Qatari banks,…
Some Egyptian banks halt dealings with Qatari banks: bankers
Some Egyptian banks have halted Monday dealings with Qatari banks, four Cairo-based bankers said, responding to…