Egyptian Banks

US dollar exchange rates at major Egyptian banks on Friday

The dollar exchange rate against the Egyptian pound remained stable on Friday. Below is Friday’s dollar exchange rate National Bank of Egypt (NBE) Buying price: 47.95 Egyptian pounds Selling price: 48.05 Egyptian pounds Suez Canal Bank Buying price: 47.95 Egyptian pounds Selling price: 48.05 Egyptian pounds United Bank Buying price: 47.95 Egyptian pounds Selling price: …

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Egypt Independent July 12, 2024

US dollar exchange rates at major Egyptian Banks on Saturday

The dollar’s exchange rate against the Egyptian pound remained stable on Saturday. This stability reflects the downward trend observed in recent days, which is likely due to the ongoing weekend and reduced market activity. Saturday’s dollar exchange rate: Central Bank of Egypt: Buy Price: LE 47.94 Sell Price: LE 48.08 National Bank of Egypt: Buy …

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Egypt Independent July 6, 2024

Moody’s changes rating for 5 Egyptian banks

Credit rating agency Moody’s announced on Tuesday that it has changed the ratings and estimates of five internationally ranked Egyptian banks. The agency said that this includes the Caa1 long-term deposit ratings of the National Bank of Egypt (NBE), Banque Misr (BM), Banque du Caire and the Commercial International Bank (CIB), and the B3 long-term …

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Egypt Independent March 13, 2024

Egyptian banks adjust withdrawals and purchases limits for cards abroad

Banks operating in the Egyptian market have begun raising credit card withdrawal limits following orders from the Central Bank of Egypt, in a new step towards enhancing the stability of the local exchange market. This follows the measures taken by the government and CBE to enhance foreign exchange flows, and comes as part of the …

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Egypt Independent March 10, 2024

Moody’s alters outlook for five Egyptian banks to negative

Global credit rating agency Moody’s Investors Service has altered the outlook for five Egyptian banks, bringing their long-term deposit ratings to negative from stable. These five banks are the National Bank of Egypt, Banque Misr, Banque du Caire, Commercial International Bank Egypt, and ALEXBANK. Moody’s added in the statement that it has maintained the long-term …

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Egypt Independent January 26, 2024

Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion

The proceeds of the new certificates of deposits, offered by the National Bank of Egypt and Banque Misr on Friday with returns of 23.5 percent and 27 percent, recorded LE 11 billion on the first day. Heavy demand of Egyptians for these CDs continues via mobile banking and the Internet. Banking experts advised customers to …

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Egypt Independent January 7, 2024