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Maroc Maroc - DAILYNEWSEGYPT.COM - Global - 31/Aug 15:52

CBE reports first profit in seven years, EGP 22.834bn in June 2024

The Central Bank of Egypt (CBE) has announced a net profit of EGP 22.834bn in June 2024, marking a significant turnaround from the EGP 86.283bn loss recorded in June 2023. This achievement represents the first time the CBE has reported profitability in seven years. The CBE has ceased supporting interest rates for five key initiatives […]

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