{"id":605068,"date":"2018-12-20T07:51:20","date_gmt":"2018-12-20T07:51:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/"},"modified":"2018-12-20T07:51:20","modified_gmt":"2018-12-20T07:51:20","slug":"egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/","title":{"rendered":"Egypt\u2019s central bank boss confirms intention to resume bank licensing"},"content":{"rendered":"

<\/a> Amer confirms new bank licenses could be issued:<\/b> Central Bank of Egypt Governor Tarek Amer has confirmed to Al Mal<\/a> that the CBE could potentially resume issuing licenses to international banks looking to enter Egypt. Amer made no further comment, but another report<\/a> suggests that a European bank and two other international institutions have already made early inquiries of the CBE.<\/p>\n

Background: <\/b>The government has for years refused to issue new banking licenses to both domestic and foreign players, pointing potential market entrants to acquisition targets. News of a possible resumption surfaced yesterday<\/a>. An unnamed CBE official had said the move would help boost confidence in the Egyptian economy and the banking sector. Now with the banking sector boss confirming the news \u2014 it is only appropriate to wonder when and to what extent will the CBE recast the entry barrier.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amer confirms new bank licenses could be issued: Central Bank of Egypt Governor Tarek Amer has confirmed to Al Mal that the CBE could potentially resume issuing licenses to international banks looking to enter Egypt. Amer made no further comment, but another report suggests that a European bank and two other international institutions have already […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[204,271,72,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605068","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-central-bank-of-egypt","tag-enterpriseam","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e1b459e0-11df-450e-a17e-e10695fd5608","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[605063],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s central bank boss confirms intention to resume bank licensing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s central bank boss confirms intention to resume bank licensing\" \/>\n<meta property=\"og:description\" content=\"Amer confirms new bank licenses could be issued: Central Bank of Egypt Governor Tarek Amer has confirmed to Al Mal that the CBE could potentially resume issuing licenses to international banks looking to enter Egypt. Amer made no further comment, but another report suggests that a European bank and two other international institutions have already […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-20T07:51:20+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s central bank boss confirms intention to resume bank licensing\",\"datePublished\":\"2018-12-20T07:51:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"Central Bank of Egypt\",\"EnterpriseAM\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/\",\"name\":\"Egypt\u2019s central bank boss confirms intention to resume bank licensing - 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The institutions, known as \u201ctier 2\u201d lenders, are non-banking financial service providers. 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Authorities should approve the banks\u2019 names\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594091,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/central-bank-of-egypts-amer-promotes-reform-journey-in-iif-speech\/","url_meta":{"origin":605068,"position":3},"title":"Central Bank of Egypt\u2019s Amer promotes reform journey in IIF speech","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"Egypt\u2019s banking sector has a lot of upside potential \u2014 and the way forward is to continue enacting structural reforms,Central Bank of Egypt (CBE) Governor Tarek Amer said during a keynote speech at the Institute of International Finance (IIF) annual meeting in Washington (watch, runtime: 23:35). 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