CBE

The 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 …

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, …

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 …

Cairo, 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), …

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 …

Egypt’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 …

The 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 …

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 …

Earlier 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 …

According to CBE, the dollar exchange rate remained stable at the start of Thursday’s transactions at Egypt’s major banks. The dollar rate at the National Bank of Egypt (NBE) and …