#Central Bank of Egypt

Egypt’s United Bank to sell 30% stake via IPO on local bourse

Egypt’s United Bank to sell 30% stake via IPO on local bourse

The central bank is offering 330 million shares in United Bank at a maximum price of EGP15.6  apiece

Egypt to sell United Bank stake in IPO on local bourse

Egypt to sell United Bank stake in IPO on local bourse

The Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange

Egypt signs expanded $8bn loan deal with IMF

Egypt secures IMF deal after pound plunge, bumper rate hike

The central bank raised the overnight lending rate to 28.25 per cent and its overnight deposit rate to 27.25 per cent