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Its functions include [citation needed] Regulates banks and the banking system of Egypt; Formulates and implements Egypt's banking policy, monetary policy and credit policy; Issues banknotes; Manages gold and the foreign exchange reserves of the Arab Republic of Egypt; Regulates and manages Egypt's presence in the foreign exchange market;
The functions of a central bank may include: Monetary policy: by setting the official interest rate and controlling the money supply; Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); Reserve management: managing a country's foreign-exchange and gold reserves and government bonds;
First Abu Dhabi Bank - Misr (FAB), part of First Abu Dhabi Bank Group; Ahli United Bank - Egypt (AUB), part of Ahli United Bank Group; Faisal Islamic Bank of Egypt; Housing and Development Bank (HD-Bank), state-controlled; Al Baraka Bank of Egypt S.A.E. National Bank of Kuwait - Egypt (NBK), part of National Bank of Kuwait Group
The Central Bank of Egypt is the national reserve bank and controls and regulates the financial market and the Egyptian pound. There is a State regulatory authority for the Cairo Stock Exchange. State-owned or Nationalized banks still account for 85% of bank accounts in Egypt and around 60% of the total savings.
This bank is the second bank in Egypt after the National Bank of Egypt and one of the oldest banks in Egypt. It was founded in 1880 under the name of the Egyptian Land Bank and was co-founded by Mousa Qatawi, Raphael Soares, and Robert Rollo. The bank's capital when it was founded was 40 million French francs, reaching 8 million pounds in 1942 ...
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A central-bank official said lending might have slowed too quickly in the battle to lower inflation. Russia's central bank has kept its interest rate at 21% to avoid excessive cooling in its economy.
Hassan Abdullah (Arabic: حسن عبد الله; born August 1, 1960) is an Egyptian financier. He is the current governor of the Central Bank of Egypt. [1]He previously held the chief executive officer(CEO) position of the Arab African International Bank (AAIB), a regional financial services institution which was Egypt's first Arab multinational bank.