{"id":638428,"date":"2017-10-04T03:48:56","date_gmt":"2017-10-04T03:48:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/"},"modified":"2017-10-04T03:48:56","modified_gmt":"2017-10-04T03:48:56","slug":"cbe-raises-required-reserve-on-local-currency-deposits-to-14","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/","title":{"rendered":"CBE raises required reserve on local currency deposits to 14%"},"content":{"rendered":"

<\/a> CBE raises required reserve on local currency deposits to 14%: <\/strong>The central bank will raise the required reserve ratio on local currency deposits for domestic banks to 14% from 10% as of 10 October, a statement picked up by Reuters says<\/a>. The bank said it was an \u201cappropriate\u201d time to bring the ratio back to its pre-2012 levels \u201cin light of Egyptian banks\u2019 strong financial indicators and improving performance and profitability.\u201d The CBE had cut reserve requirements to 10% \u201cin order to provide banks with more cash to lend to the government and businesses,\u201d the wire notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBE raises required reserve on local currency deposits to 14%: The central bank will raise the required reserve ratio on local currency deposits for domestic banks to 14% from 10% as of 10 October, a statement picked up by Reuters says. The bank said it was an \u201cappropriate\u201d time to bring the ratio back to […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638428","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"811765dc-8d87-4f0f-8254-337fc4022a07","order":"0","is_powered_by":true,"section_story_id":"15c6bacb-3ee5-4e4d-a918-a8f3f95ac4df","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638420],"teaser":"","voice_url":""},"yoast_head":"\nCBE raises required reserve on local currency deposits to 14% - 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\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE raises required reserve on local currency deposits to 14%\" \/>\n<meta property=\"og:description\" content=\"CBE raises required reserve on local currency deposits to 14%: The central bank will raise the required reserve ratio on local currency deposits for domestic banks to 14% from 10% as of 10 October, a statement picked up by Reuters says. The bank said it was an \u201cappropriate\u201d time to bring the ratio back to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-04T03:48:56+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE raises required reserve on local currency deposits to 14%\",\"datePublished\":\"2017-10-04T03:48:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/\",\"name\":\"CBE raises required reserve on local currency deposits to 14% - 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This will exclude deposit certificates, he added. Analysts cited by Al Mal\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549915,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/cbe-move-to-raise-up-reserve-requirements-logical-says-hsbc-egypt-ceo\/","url_meta":{"origin":638428,"position":1},"title":"CBE move to raise up reserve requirements \u201clogical,\u201d says HSBC Egypt CEO","author":"enterpriseam admin","date":"5 October 2022","format":false,"excerpt":"The Central Bank of Egypt\u2019s decision to increase the reserve ratio to 18% was \u201clogical\u201d given current global economic conditions, HSBC Egypt CEO and Deputy Chair Todd Wilcox told CNBC Arabia (watch, runtime 2:34). Wilcox said the decision would have a \u201cminimal effect\u201d on HSBC\u2019s bottom line in the short\u2026","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/142.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594268,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/central-bank-of-egypt-expected-to-begin-orchestrated-unfolding-of-liquidity-economists-say\/","url_meta":{"origin":638428,"position":2},"title":"Central Bank of Egypt expected to begin \u201corchestrated unfolding\u201d of liquidity, economists say","author":"enterpriseam admin","date":"24 October 2019","format":false,"excerpt":"Is the CBE about to begin an \u201corchestrated unfolding\u201d of liquidity to boost credit growth, private investment? CI Capital and Sigma Capital think so. 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