banking sector
CBE announces that all banks in Egypt will be closed on May 1 for Labor Day
Business
April 30, 2025
CBE announces that all banks in Egypt will be closed on May 1 for Labor Day
The Central Bank of Egypt (CBE) announced in an official statement that the Labor Day holiday will apply for the…
PM refers bill to parliament allowing exchange of banking information for tax purposes
Egypt
December 8, 2022
PM refers bill to parliament allowing exchange of banking information for tax purposes
On Wednesday, Prime Minister Mostafa Madbouly referred to Parliament a draft law providing for an amendment to the unified tax…
Banque Misr, NBE raise return on US dollar certificates
Business
October 9, 2022
Banque Misr, NBE raise return on US dollar certificates
Banque Misr decided to raise the return on the new US dollar stability certificates for a period of three years,…
Egypt announces an increase in foreign assets deficit
Business
October 4, 2022
Egypt announces an increase in foreign assets deficit
The Central Bank of Egypt announced that the net foreign assets deficit in the banking sector increased by about fiv…
CBE raises maximum withdrawal limit from bank branches to LE150,000
Business
August 26, 2022
CBE raises maximum withdrawal limit from bank branches to LE150,000
Central Bank of Egypt (CBE) raised the maximum daily withdrawal limit for individuals and companies from bank branches from LE50,000…
Egypt expected to raise interest rates as well soon: expert
Business
May 5, 2022
Egypt expected to raise interest rates as well soon: expert
The US Federal Reserve’s decision to raise interest rates was expected, Mohamed Kamal, an expert in the financial sector, said,…
Banking sector Eid Al-Fitr holiday extends for 8 days
Egypt
April 21, 2022
Banking sector Eid Al-Fitr holiday extends for 8 days
The Central Bank of Egypt issued a statement stating the date of the banks ‘s holiday on Eid Al-Fitr and…
CAPMAS announces 22.3% increase in bank deposits during 2020/2021
Business
February 20, 2022
CAPMAS announces 22.3% increase in bank deposits during 2020/2021
The Central Agency for Public Mobilization and Statistics announced that bank deposit balances in 2020/2021 were LE5,731.5 billion, an increase…
CBE announces bank vacation for Eastern Christmas
Egypt
January 4, 2022
CBE announces bank vacation for Eastern Christmas
The Central Bank of Egypt (CBE) has suspended work in all banks operating in Egypt on Thursday on the occasion…
Egyptian banks announce working hours during Ramadan
Egypt
April 12, 2021
Egyptian banks announce working hours during Ramadan
Banks at the Egyptian local market have concluded their preparations for Ramadan. The pressure doubles during Ramadan compared to the…