14 h. ago Highest CDs returns in Egyptian banks after CBE cut interest rate

The Central Bank of Egypt (CBE) has decided to cut interest rates on Thursday by 225 basis points, bringing the deposit rate to 25 percent and the lending rate to 26 percent. This is the first rate cut in five years. In conjunction with this decision, many wondered about the fate of certificate of deposits … The post Highest CDs returns in Egyptian banks after CBE cut interest rate appeared first on Egypt Independent.

Politics

38 h. ago Egyptian banks cut interest rates on variable certificates following Central Bank move

In an automatic move responding to the Central Bank of Egypt’s reduction of key interest rates, banks operating in Egypt have decided to decrease interest rates on variable-yield certificates by 2.25%. The Monetary Policy Committee of the Central Bank “ALICO” announced a 225 basis point cut in the overnight deposit and lending rates, as well … The post Egyptian banks cut interest rates on variable certificates following Central Bank move appeared first on Egypt Independent.

Politics

43 h. ago Egypt Central Bank cuts interest rates for first time in 4 years

Egypt Central Bank cuts interest rates for first time in 4 years  Economy Middle East

Politics

4 d. ago Egypt: Goldman sees gold hitting $4,000 amid central bank demand, recession fears

Egypt: Goldman sees gold hitting $4,000 amid central bank demand, recession fears  ZAWYA

Economics

9 d. ago No minimum balance – Egyptian banks offer free accounts for financial inclusion in April

The Central Bank of Egypt (CBE) issued a statement on Thursday, announcing that banks operating in the Egyptian market will be opening free accounts for citizens with no minimum balance requirement until the end of April. The statement mentioned that on the occasion of “Arab Financial Inclusion Day,” employees of banks operating in the Egyptian … The post No minimum balance – Egyptian banks offer free accounts for financial inclusion in April appeared first on Egypt Independent.

Economics

2 w. ago Central Bank of Egypt announces increase in net foreign assets

The net foreign assets of the Egyptian banking system jumped by approximately US$1.5 billion during February, reaching $10.17 billion, compared to $8.7 billion at the end of January – an increase of more than 17 percent, according to data published by the Central Bank of Egypt (CBE)’s website. This change represents the net transactions of … The post Central Bank of Egypt announces increase in net foreign assets appeared first on Egypt Independent.

Politics

3 w. ago Central Bank of Egypt reports $2.63bln in net profits for February 2025

Central Bank of Egypt reports $2.63bln in net profits for February 2025  ZAWYA

Economics