Recovering headline stability and new listings should both help to invigorate Egypt’s capital markets in the medium term, with investor appetite for assets across the region providing an additional boost.
Egypt Financial Services
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Economic update | Egypt’s IPOs fuel market momentum
31 Jul 2015
Articles & Analysis | Strong potential for take-up of new mobile banking technology from The Report: Egypt 2014
Just how many of Egypt’s nearly 90m citizens remain outside the banking system is a matter of speculation. A recent report by accountancy firm EY suggests that only 10% of Egyptian adults hold an account at a formal institution, while other market observers have posited more generous estimates of up to 35% formalisation across the eligible population.
Articles & Analysis | Reforms prove successful, as the sector maintains robust performance from The Report: Egypt 2014
Despite a challenging economic backdrop, Egypt’s banks have succeeded in growing their assets and maintaining profitability over the past year. Their solid performance has been facilitated by a process of banking reform that began a decade ago, and the Central Bank of Egypt (CBE) continues to command the attention of the sector with its final...
Articles & Analysis | Basel implementation set to continue amid strong fundamentals from The Report: Egypt 2014
Egypt’s revolution of 2011 may be over, but the lingering fallout has continued to force the banking sector’s regulator, the Central Bank of Egypt (CBE), to maintain a proactive stance in addressing potential weaknesses – something it has done with success over the past few years. Faced with a rapidly deteriorating economic scenario, it moved quickly to safeguard banks...
Interviews & Viewpoints | OBG talks to Hisham Ezz Al Arab, Chairman and Managing Director, Commercial International Bank from The Report: Egypt 2014
How can banks be further incentivised to lend to small and medium-sized enterprises (SMEs)?
Articles & Analysis | New microfinance legislation offers opportunities to enter the small business lending arena from The Report: Egypt 2014
The success with which Egypt’s banks have increased their deposit base against the backdrop of political unrest and economic uncertainty is good news for the sector. According to a recent report by Lebanon’s Bank Audi, total deposits rose by 20.6% in 2013 to reach $189.2bn, an expansion more than double the size of that seen in the previous year.