Thursday 27/Feb 27/2025 – 10:37 PM
The Federation of Egypt’s banks denied any link to the GRA platform, stressing that it does not link it to the banks operating in Egypt under the supervision and control of the central bank, any link.
The Federation of Egypt’s banks denies the existence of any link to the GRA platform
The Federation of Egypt Banks said in a statement that there are no licenses for any of those companies issued by the Central Bank of Egypt, as well as the absence of any accounts in the name of those platforms in banks operating in the banking sector.
The Egyptian Banks Federation calls on not to deal except with banks and financial institutions operating in Egypt licensed by the Central Bank of Egypt.
Mohamed El -Etabi, President of the Federation of Egypt Banks and the Egyptian National Bank, confirmed earlier that the decisions of economic and banking reform taken by the Central Bank came in light of difficult economic developments.
Al -Ertbi added during his speech at the People and Banks Conference, that the responsible leaders in Egypt and the policy of the central bank had a major role in improving economic indicators and achieving growth in all indicators to become positive, which indicates the improvement of the Egyptian economy.
Central Bank decisions
And the President of the Federation of Egypt’s Banks added: There were decisions that helped improve the Egyptian economy, including liberalizing the exchange rate in an exceptional meeting on March 6, and raising the interest rate in the central bank, which contributed to the improvement of indicators related to the budget deficit, as it decreased to 2.1%, and the total surplus reached the net payment balance to 9.7 billion dollars, and the volume of investments reached 46.1 billion dollars.
