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The Central Bank of Egypt

HC expects a 100-basis-point interest rate hike in the coming period

نُشر في

At its 20 August meeting, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) maintained the benchmark overnight deposit and lending rates at 19.0% and 20.0%, respectively, for the fourth consecutive time after it cut rates by 100 bps in February, reversing a total of 825 bps since 2025 of a total […]

Central Bank of Egypt Launches the Fourth Edition of FinTech Got Talent 2026 Competition for University Students

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The Central Bank of Egypt (CBE), has launched the fourth edition of FinTech Got Talent 2026 competition for university students, under FinYology initiative by FinTech Egypt. The competition aims to award the best ground-breaking projects and innovations in the field of financial technology, in collaboration with the Federation of Egyptian Banks (FEB) and the Egyptian […]

The Central Bank of Egypt Issues Regulations Governing the Services of the Digital Financial Identity Platform for Identifying Bank Customers and Verifying their Identities Electronically (eKYC)

نُشر في

Within the framework of the Central Bank of Egypt’s (CBE) steadfast efforts to support digital transformation and promote financial inclusion, and in alignment with Egypt’s vision for the transition to digital financial services, the CBE’s Board of Directors approved the regulations governing the services of the Digital Financial Identity (DFI) Platform for identifying bank customers […]

Central Bank of Egypt Launches the African Financial Stability Committee Electronic Portal in Cooperation with the Association of African Central Banks

نُشر في

The Central Bank of Egypt (CBE), in cooperation with the Association of African Central Banks (AACB), launched the electronic portal of the African Financial Stability Committee (AFSC), as part of the ongoing efforts to strengthen institutional cooperation among African central banks, while anchoring the mechanisms for sharing knowledge and expertise in the field of financial […]

The Central Bank of Egypt Hosts Two Delegations from the Bank of Ghana to Enhance Cooperation and Exchange Expertise in Data, AI, Digital Transformation, and Cybersecurity

نُشر في

In line with the Central Bank of Egypt’s (CBE) steadfast efforts to strengthen collaboration with fellow African central banks, the CBE hosted two delegations from the Bank of Ghana. The first delegation aimed to gain insights into Egypt’s experience in digital transformation, Artificial Intelligence (AI), advanced analytics, data governance, and the development of financial services, […]

The Central Bank of Egypt Launches Cohort 5 of «Generative AI in Finance» program for the Professionals in Banking and Financial Sectors

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Within the framework of the Central Bank of Egypt’s (CBE) FinTech and Innovation Strategy, aiming to transform Egypt into a leading regional hub for the FinTech industry at both the Arab and African levels, the CBE launched the 5th cohort of the “Generative AI in Finance” program. This program is driven by the CBE’s role […]

Governor of the Central Bank of Egypt and President of Afreximbank Hold a Press Briefing on Egypt’s Ongoing Preparations to Host the 33rd Afreximbank Annual Meetings in Alamein

نُشر في

H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and Dr George Elombi, President and Chairman of the Board of Directors of Afreximbank, held on 13 May 2026, a press briefing at the CBE’s headquarters ahead of the 33rd Afreximbank Annual Meetings (AAM2026). The AAM2026 will be held under the patronage of […]

Central Bank of Egypt: Financial Soundness Indicators Reflect the Resilience of the Banking Sector

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The Financial Soundness Indicators have underscored the resilience and robustness of the banking sector as a key pillar supporting the State’s efforts to achieve economic, financial, and monetary stability. This resilience is reflected in the banking sector’s ability to provide financing for various economic sectors, contributing to the increase of Gross Domestic Product (GDP), and […]

The Launch of Contactless Payment Acceptance Service through Smart Devices

نُشر في

The Central Bank of Egypt (CBE) announced the launch of contactless electronic payment acceptance service through smart devices (mobile phones/tablets), utilizing Soft POS applications. This step is part of the CBE’s strategy to transition towards a less-cash society, promote financial inclusion, and achieve Egypt’s Vision 2030 The service enables smart devices to operate as electronic […]