Egypt’s central bank cut its main interest rates by 50 basis points to support an economy badly hit by the coronavirus pandemic.
15.11.2020 GDN online
The move is part of the finance ministry’s plan to diversify its base of investors who want to invest in governmental financial securities.
08.11.2020 Ahram Online
The bank’s Monetary Policy Committee (MPC) reduced the lending rate to 9.75 percent and the deposit rate to 8.75 percent.
27.09.2020 Egypt Independent
Banks obliged to reconcile their conditions under its provisions within 1 year, transition period can be extended for 2 years.
27.09.2020 Daily News Egypt
The number of customer accounts grew to about 1.775mln in August 2020.
20.09.2020 Zawya
HSBC is advising Bank ABC on the talks, two sources familiar with the deal told Reuters. HSBC declined to comment.
09.09.2020 Reuters
CIB is the first Egyptian bank to venture into the Kenyan market.
26.04.2020 Ahram Online
The initiative also enables new and existing bank customers to make transfers, purchases and cash withdrawals from ATMs for free.
23.03.2020 Egypt Independent
Egyptian banks have liquidity allowing them to grant loans and support the national economy.
08.03.2020 Egypt Today
HSBC Egypt has joined SWIFT global payments innovation service (gpi), enabling greater digital tracking, speed, and certainty of cross-border payments
22.12.2019 MENA FN
