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Annual inflation increases to 14.1% in May
Inflation accelerates in May: Egypt’s annual headline inflation rose to 14.1% in May from 13% in April, the CBE said…
Egypt just got its first licensed SME-focused lender
Egypt just got its first licensed SME-focused lender: UK-based development finance institution CDC Group has been granted a license from…
The Central Bank of Egypt wants to incentivize banks’ investments in equity for SMEs
Bank investments in SME-focused equity funds now count toward minimum small business loan requirement: The Central Bank of Egypt (CBE)…
Egypt’s central bank keeps interest rates on hold
With one eye on inflation, the central bank leaves interest rates on hold: The Central Bank of Egypt’s Monetary Policy…
Commercial banks could see capital requirements rise tenfold under Banking Act amendments
LEGISLATION WATCH- Capital requirements for commercial banks could rise tenfold to EGP 5 bn under proposed amendments to the Banking…
What we’re tracking on 22 May 2019
It’s a big day as we prepare to slide into the weekend, with blockbuster news for the banking industry, confirmation…
Banking Act to impose term limits on board members at state-owned banks
LEGISLATION WATCH- Banking Act to impose term limits on board members at state-owned banks: The new draft Banking Act would,…
Bank Audi, NBG to present acquisition bid to the central bank in two week
M&A WATCH- Bank Audi, NBG seeking central bank signoff on sale: Bank Audi and the National Bank of Greece (NBG)…
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