Egyptian banking sector’s loans grow 16% to LE675 bn in first 9 months of 2014/15

Egyptian banking sector loans grew at a rate of 15.6 percent, equivalent to LE91 billion during the first nine months of the current fiscal year to a record LE675.3 billon compared to LE584 billion according to the latest bulletin issued by the Central Bank of Egypt (CBE).
Meanwhile, the foreign currency loans accounted for about 50 percent of the increase in total loans recording LE44 billion during the first nine months of the year.
The private business sector accounted for 61.7 percent of total non-government credit balances at the end of March 2015.
The relative breakdown of non-government credit balances by economic activity at the end of March 2015 ran as follows: 34.7 percent for the manufacturing sector, 25.4 percent for services, 10.5 percent for trade, 1.3 percent for agriculture, and 28.1 percent for the unclassified sectors (including the household).

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