Egypt’s banks are seeing rising profits and robust capitalisation, as evidenced by a flurry of recent releases of FY 2015/16 results from the country’s major banks.
Egypt Financial Services
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Articles & Analysis | High growth assures stakeholders of takaful's bright future in Egypt from The Report: Egypt 2017
With nine operators in the Egyptian insurance sector offering takaful (Islamic insurance), sharia-compliant coverage is already a well-established component of the industry. Many market observers, however, feel that compared to its success in the Gulf, the Egyptian takaful story is one of unrealised potential.
Articles & Analysis | Egypt's insurance sector posts strong growth in tough economic context from The Report: Egypt 2017
The Egyptian insurance industry, one of the oldest in the region, has shown a welcome degree of resilience in recent years. Despite its long history, however, the market remains at a relatively nascent stage of growth compared to those in advanced economies, characterised by a low penetration rate and modest insurance density. While this means...
Articles & Analysis | Egypt's bancassurance regulatory framework among most flexible in region from The Report: Egypt 2017
The recent history of bancassurance in Egypt has at times been a troubled one. While the concept was enthusiastically adopted in the period of sustained economic growth leading up to 2008, the pace of the industry’s expansion exposed a number of weaknesses. Chief among these were a lack of adequately trained staff and an increasing amount of...
Interviews & Viewpoints | Corneille Karekezi, Group CEO, Africa Re: Interview from The Report: Egypt 2017
What impact has the depreciation of the Egyptian pound had on the reinsurance industry?
Articles & Analysis | New commodities exchange in Egypt would be a regional first from The Report: Egypt 2017
The prospect of a new commodities exchange in Egypt is one of the more significant developments to emerge in 2016. While the possibility of creating a new market has been floated for years, the current proposal, if developed as planned, will be a regional first. It would also correct the currently dysfunctional system that governs trade in...