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Cost of high-yielding CDs up almost 100 bps after reserve ratio increase -source
The central bank’s move to increase the required reserve ratio to 14% from 10% raises the cost of high-yield certificates…
Banking + Finance
Home / Banking + Finance
CIB investing in growing its digital solutions with a focus on the unbanked
CIB has been on the forefront of the banking sector’s digital transformation by investing heavily over the years in its…
26 foreign exchange companies resume operations
26 foreign exchange companies have resumed operations after seeing through the suspension imposed on them during the currency crisis,Foreign Exchange…
FEB looks to settle around 800 tax disputes filed by 25 member banks
The Federation of Egyptian Banks (FEB) is apparently looking to settle around 800 tax disputes filed by 25 of its…
President confirms Omran as head of EFSA
President Abdel Fattah El Sisi confirmed Mohamed Omran’s appointment as Egyptian Financial Supervisory Authority Chairman in a decree yesterday,according to…
Banque Misr to start negotiations with the CBD for CNY 3 bn loan
Banque Misr will begin negotiations soon with the China Development Bank (CBD) to establish a CNY 3 bn credit line,Vice…
Banque Misr reverses decision to cut rates on deposits -source
Banque Misr has cancelled its decision to cut interest rates on EGP-denominated savings accounts by up to 75 bps after…
CBE increases Mortgage Finance Fund to EGP 20 bn
The CBE decided on Monday to allocate an additional EGP 10 bn to its Mortgage Finance Fund, bringing the total…
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