List of Banks in Egypt
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Egypt Banks set withdrawal limits on using ATM cards abroad
Banks spotted manipulation practices from some companies and individuals using their cards to withdraw foreign exchange abroad.
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Egypt top destination for EBRD investment in region
The EBRD’s volume of investments in Egypt – a founding member of the bank – stands at nearly one billion Euros annually.
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How will Egypt’s decision to maintain interest rates, raise reserve requirement affect the economy?
CBE recently decided to keep interest rates unchanged and raise the Reserve Requirement (RR) ratio for the first time in five years.
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Egypt’s CBE maintains key interest rates
On the global level, the CBE said that forecasts for global economic activity have been dampened due to the conflict between Russia and Ukraine.
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Egypt's economy achieved positive growth rates in 2021/22
Egypt achieved a primary surplus in FY 2021/2022, amounting to 1.3 percent of GDP.
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POLL-Egypt's central bank to raise interest rates by 100 bps
The median forecast in a poll of 15 analysts is for the bank to raise its deposit rate to 12.25% and its lending rate to 13.25%.
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EBRD supports Egypt’s green economy with $100m loan
The loan follows the success of the Green Economy Financing Facility (GEFF) in Egypt and will support an expansion of green lending.
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Egypt's annual inflation rate up by 16.7% in August
The Central Bank of Egypt (CBE) announced that the annual inflation rate rose by 16.7 percent in August, compared to 15.6 percent in July.
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EBRD President Says Bank Invested $10 Bln in Egypt
EBRD President added that Egypt is going through a period of transformation that is highly competitive.
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Egypt's Housing & Development Bank sees over $1mln block trading deal
In the first half of 2022, HD Bank reported higher consolidated net profits by 29.9% annually.