List of Banks in Egypt
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CBE removes caps on foreign currency deposits
The CBE noted that the measures are meant to facilitate individuals’ transactions with banks operating in Egypt.
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Egypt cash reserves notch $16.53billion
Egypt’s reserve of foreign exchange increased from $33.16 billion at the end of October 2015 to the end of the $533.16 billion last February.
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Egypt's largest bank receives $700 mln loan from China
The NBE will repay the loan over eight years, including a three-year grace period.
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Egypt's CIB appoints former CBE governor Ramez as managing director
Ramez will serve as Vice-Chairman and Managing Director of Egypt's largest listed company.
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Egypt pound reaches record lows amid a dollar shortage
The central bank had directed local banks to prioritize giving dollars to pharmaceutical companies to import medicine and supplies.
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Egypt's central bank widens exceptions on import restrictions
The Central Bank of Egypt excluded manufacturing inputs from the requirement on importers to provide 100% cash deposits on their letters of credit.
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Egypt to float United Bank of Egypt
The United Bank was formed out of the merger of three failing banks which the central bank acquired in 2006.
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EBRD and Bank Audi strengthen small business in Egypt
EBRD continues to support SMEs in Egypt, providing a US$ 30 million to Bank Audi SAE Egypt for on-lending to SMEs.
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Egypt central bank meets exchange bureaus
Egypt, which relies heavily on imports, has been facing a shortage of foreign currency since a 2011.
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Egypt central bank keeps main interest rates unchanged
The government projects growth of around 5.5 percent this fiscal year, compared with an estimated 4.2 percent in 2014/15