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What are the challenges facing the Egyptian economy in the eyes of dealers?

Chief financial officers and heads of treasury sectors at banks (dealers) are facing the economic crisis more than anyone else. Thanks to the nature of their work, they realise what is happening in the global economies and the challenges facing them. In Egypt particularly, dealers play an important role in employing banks’ liquidity in local …

Hossam Mounir

Household sector acquires 75.3% of total deposits in banks in May: CBE

The household sector acquired 75.3% of the total deposits in banks in May, according to a recently issued report by the Central Bank of Egypt (CBE). The bank stated in its report that the household sector acquired about 78% of the total local currency deposits and about 63.3% of the total foreign currency deposits. According …

Hossam Mounir

Leading the way among traditional banks offering Sharia-compliant services is Banque Misr, with a total of EGP 22bn in Sharia-compliant transactions. (Photo:DNE)

EGP 65bn increase in deposits at banks in May

The total volume of deposits at banks operating in the Egyptian market, aside from the Central Bank of Egypt (CBE), increased by EGP 65bn in May, registering EGP 2.079tn from EGP 2.014tn in April. The CBE’s monthly bulletin on the performance of banks in the Egyptian market showed that the total volume of governmental deposits recorded …

Daily News Egypt

Leading the way among traditional banks offering Sharia-compliant services is Banque Misr, with a total of EGP 22bn in Sharia-compliant transactions. (Photo:DNE)

Loans granted by banks see EGP 60bn increase in May

The total loans granted by banks to their clients, aside from the Central Bank of Egypt (CBE), increased by EGP 60bn to register EGP 920.7bn in May, compared to EGP 860.7bn recorded in April. A CBE bulletin on the performance of banks over May stated that the size of loans granted to the government registered …

Daily News Egypt