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Central Bank of Egypt

Banks record around 40% increase in net profits in December | CBE

Net activity revenues reached around EGP 407.592 billion, compared to EGP 272.230 billion, with total expenses recording around EGP 276.758 billion compared to EGP 178.8 billion

CBE increases transaction limits on InstaPay digital payment app

The increase, effective March 15, 2023, is a response to growing demand from customers, with the CBE citing opinion polls

CBE announces new regulations enabling contactless payments through phones

Under the new regulations, banks will be able to roll out services that support these payments soon, though the statement does not specify a timeline

External debt dropped to $154.98B in Q1 FY2022/2023 | CBE

This marks the second consecutive drop in external debt, with the final quarter of FY2021/2022 logging in $155.708 billion

Headline inflation surges to 26.5% ahead of Ramadan season

Headline inflation increased across the board, driven by higher prices of food and non-alcoholic beverages