Businesses Sector Loans Continue to Dominate Egyptian Banking Sector

Business sector loans are anticipated to account for more than 63% of the total banking loans by FY 2012, says RNCOS in its latest research report.

Noida, India (prHWY.com) August 12, 2011 - According to our report, "Egypt Banking Sector Analysis", Egyptian banks have significantly intensified their lending activity during the past few years. Credit facilities provided to the business segment contribute to the majority of bank loans. However, external sector loans are experiencing rapid expansion on account of rise in loans to the private business segment, which are mostly provided to the trade sector in foreign currency. In future, banks are expected to further intensify their lending activities with rising demand for loans from domestic as well as external sector. However, bank loans to business sector will continue to account for more than 63% of the total banking loans by FY 2012.

As per our research, the rise in credit to private sector was a result of its growing role in economic development. The majority of investment went into manufacturing and oil products, mining, transportation, and real-estate sector. The manufacturing units obtained more than half of the increase in loans extended to the private business sector.

Further, we have revealed that Egyptian banks have not only witnessed growth in lending activities, but have also seen reckonable growth in the deposits on rising consumer confidence on the system. With rapid expansion in household and business sector deposits, the country is expected to witness a thriving influx of deposits during the forecast period. Further, time and saving deposits will account for the majority of growth.

Our report, "Egypt Banking Sector Analysis", has analyzed the pattern of macroeconomic variables and their impact on the banking sector of the country. Our report discusses each of the banking performance indicators in-detail. Under loans and deposits section, the reports talked about each of the verticals, such as business, households, government, and external sector loans. Moreover, it has further segmented business loans by business activity: agriculture, industry, trade, and services. Our report has also identified emerging industry trends, which will facilitate key players in the country's banking system with a detail business description and recent activities.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM155.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: egypt banking assets, egypt number of banks, egypt banking industry

Categories: Banking

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