In its quest to achieve economic empowerment and enhance financial inclusion across all societal segments, the Central Bank of Egypt (CBE) is dedicated to improving women’s access to financial services …
CBE
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Economy
CBE Directs Egyptian Banks to Remove Credit Card Foreign Spending Limits
by Nada Khaledby Nada KhaledThe Central Bank of Egypt (CBE) has just instructed banks to remove limits on foreign spending for all credit cards. The bank’s decision aims to strengthen the stability of the …
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Egypt’s financial inclusion rates significantly surged to 70.7% by the end of 2023, according to the Central Bank of Egypt (CBE). According to CBE’s financial inclusion indicators for the year, …
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The Central Bank of Egypt (CBE) has just issued new rules for customers who do not provide proof of use for their credit cards abroad within 90 days of using …
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EconomyHighlights
Cooperation between “Visa” and “Egyptian Banks Company” to Facilitate Remittances for Egyptians Abroad
by Salma Hassanby Salma HassanCairo, Egypt – 11 February 2024: Visa, a world leader in digital payments, announced the signing of a Memorandum of Understanding (MoU) with Egyptian Banks Co. for Technological Advancements (EBC), …
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EconomyHighlights
Central Bank of Egypt announces a $30 million increase in foreign currency reserves
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars. The CBE put the total reserves of foreign currencies …
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EconomyHighlights
Collaboration between Social Solidarity Ministry and CBE promotes financial inclusion and supports MSMEs
by Mona Yousefby Mona YousefEgypt’s Ministry of Social Solidarity partnered with multiple banks to organize “Diarna” exhibitions at bank headquarters. This is a step is taken in a joint effort to foster financial inclusion …
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EconomyHighlights
Standard Chartered Bank Receives CBE’s License For Its Inaugural Branch In Egypt
by Mona Yousefby Mona YousefThe UK-based Standard Chartered Bank was licensed by the Central Bank of Egypt (CBE) for its branch headquarters in Egypt. Standard Chartered Bank’s inaugural Egyptian branch was originally announced …
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The Central Bank of Egypt (CBE) has extended the guidelines requiring banks to distribute 25% of their credit facilities portfolio to micro, small, and medium-sized firms (MSMEs) for one year …
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EconomyHighlights
CBE Declares Next Thursday a Paid Holiday to Celebrate January 25 Revolution, Police Day
by Nada Khaledby Nada KhaledEarlier today, the Central Bank of Egypt (CBE) announced that next Thursday, January 25, will be an official paid holiday for all Egyptian banks to commemorate the anniversary of the …