Egyptian banking sector’s net foreign assets decline to $21.3bn in March 2026: CBE
The Egyptian banking sector’s net foreign assets (NFA) stood at $21.32bn, equivalent to EGP 1.164trn, in March 2026, down from $27.385bn, or EGP 1.313trn, recorded in February, according to a report issued by the Central Bank of Egypt (CBE). The
Egypt repays $6.4bn in external debt service in Q1 2025/26: CBE
The Central Bank of Egypt (CBE) said the government repaid $6.442bn in external debt service, covering both interest and principal, during the first quarter (Q1) of the 2025/2026 fiscal year, compared with $7.952bn in the same period of 2024/2025. In
Slower monetary easing to support banks’ profitability: HC
The research department of HC Securities & Investment has released its latest evaluation of Commercial International Bank stock (COMI), projecting that Egypt’s banking sector profitability will benefit from a slower monetary easing cycle and a lower required reserve ratio (RRR).
Kiwe secures final CBE approval to launch social-centric fintech platform
Kiwe, the home-grown fintech startup designed around how people use money today, has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the Egyptian market. The milestone signals the arrival of a
Egypt’s current account deficit narrows to $9.5bn in H1 2025/26 on strong remittances
Egypt’s current account deficit narrowed by 13.6% to $9.5bn during the first half of the fiscal year (Fy) 2025/26 financial year, driven primarily by a 29.6% surge in remittances from Egyptians working abroad to $22.1bn, alongside robust foreign direct investment
CBE bars credit facilities for unregistered entities
The Central Bank of Egypt (CBE) has instructed banks not to grant or renew credit facilities to non-banking credit providers unless they are officially registered, assigned a CBE code, and recorded on its information network as well as with the
Strong expectations for CBE to hold interest rates
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its second regular meeting of the year, on Thursday, to decide on key interest rates, which serve as a strong indicator of the direction
Market awaits impact of 1% rate cut on savings, loans, and government debt
The Egyptian market is awaiting banks’ return to work on Sunday to assess how lenders will adjust interest rates on savings products and loan facilities following the decision by the Central Bank of Egypt (CBE) to cut key rates by
Strong expectations of 1-2% cut in EGP interest rates at CBE’s first meeting of 2026
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its first regular meeting of 2026 on Thursday to decide the fate of key policy rates – the main indicator of the short-term direction
CBE governor, IMF chief discuss economic reform programme at Arab Public Finance Forum
Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the progress of Egypt’s economic reform programme and the country’s latest macroeconomic indicators. The meeting took place