06 Apr 2015

Local banks deny restrictions on providing $100 notes

The Central Bank of Egypt gave no instructions to lenders operating in the country not to replace $100 notes with smaller units when conducting transactions for clients, several bankers told the Daily News"...

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05 Apr 2015

Barclays Egypt to boost credit portfolio to EGP 9bn

Barclays Egypt aims to increase its credit portfolio to EGP 9bn by the end of 2015, said Mohamed Sherif, head of the bank’s financial sector.

The bank’s credit portfolio reached EGP 5.2bn by the end of 2014, and Barclays aims to boost it by EGP 3.8bn, Sherif explained.


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02 Apr 2015

External debt decreases by 10.3% in December: CBE

External debt declined to reach $41.3bn by the end of December 2014 marking a 10.3% decrease, the Central Bank of Egypt (CBE) announced Wednesday.

December’s figures compare to June 2014 where the debt’s amount was $46.1bn.


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31 Mar 2015

Banks need to meet SMEs needs: CBE Deputy Governor

In a speech given on behalf of the Central Bank of Egypt (CBE) Governor, Hisham Ramez, CBE Deputy Governor Gamal Negm said that banks in Egypt should meet the financial needs of small and medium enterprises"...

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