Egypt Financial Services

Despite strenuous economic circumstances in recent years, Egyptian banks displayed a relatively robust performance in 2016 in terms of profitability, which has, in turn, led to a jump in credit for small and medium-sized enterprises (SMEs) and start-ups. While healthy sector numbers and regulatory reforms have helped foster an increase in...

Consistently posting robust financial stability data, Egypt’s banking sector has shown itself capable of weathering difficult economic circumstances over recent years. However, profitability has been challenged by a range of forces, including significant changes made in 2016 to the regulatory framework surrounding lending activity and a...

The Egyptian banking sector faces two diverging trends in terms of liquidity, depending on whether it is being measured in local currency or foreign currency.

Madinet Nasr for Housing and Development (MNHD) is a leading Egyptian real estate developer, offering middle and upper-middle-income housing. The firm was founded in 1959 and given the majority of its approximately 10m-sq-metre East Cairo land bank through a presidential decree in the 1960s. The company was offered on the Egyptian Exchange in...

Despite political and economic difficulties in the country in the past few years, Egypt has a growing and attractive insurance market. Penetration is low, and people are becoming increasingly aware of the need to cover risk. They are especially positive on insurance given the turmoil of 2011 and the fact that insurers made good on their...

One of the more interesting developments on the Egyptian Exchange (EGX) in 2015 was the commencement of trading of the market’s first exchange-traded fund (ETF). Since the 1980s these instruments have proved popular with investors in well-established markets as a useful alternative to mutual funds, for a number of reasons.