Egypt’s Central Bank withdraws Liquidity Worth EGP 964.4 Billion in Open Market tender In a significant move to manage liquidity, the Central Bank of Egypt recently withdrew EGP 964.4 billion through an open market tender. This operation, conducted on Tuesday, saw all applications submitted by 27 banks accepted at an interest rate of 27.75%. … Read more
Central Bank of Egypt Reports Record Treasury Bill Issuance Amid Declining Yields Table of Contents Central Bank of Egypt Reports Record Treasury Bill Issuance Amid Declining Yields Treasury Bill Auction Highlights Key Data from the Auction Broader Debt Issuance Trends Declining Yields Across Maturities future Debt issuance Plans Why This Matters Central … Read more
The Egyptian banking sector has witnessed a remarkable surge in deposits and loans during the first nine months of 2024, according to the latest data released by the Central Bank of Egypt. The total deposits in the banking sector soared by 2.727 trillion pounds, reaching 12.89 trillion pounds by the end of September 2024, compared … Read more
Egypt’s Banking Sector Expands: A Surge in Branches, ATMs, and electronic Payment Systems Egypt’s banking sector has witnessed remarkable growth, driven by strategic initiatives from the Central Bank of Egypt. By the end of June 2024, the total number of bank branches operating in the country reached 4,717, marking an increase of 79 branches … Read more
Egyptian Pound Wobbles: Impact on Global Markets Table of Contents Egyptian Pound Wobbles: Impact on Global Markets Understanding the Impact Egyptian Pound Exchange Rates remain Stable Dollar Exchange Rates in Major egyptian Banks Egyptian Pound Fluctuations: A Conversation with Economist Dr. Laila khalil Understanding the recent Volatility Impact on the egyptian Economy Implications for … Read more