What are Egypt’s comparative advantages as an investment destination?
Egypt
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Interviews & Viewpoints | OBG talks to Ali Al Kuwari, Acting Group CEO, Qatar National Bank (QNB) from The Report: Egypt 2013
Articles & Analysis | View from abroad: A largely untapped market is drawing increasing international interest from The Report: Egypt 2013
Entering Egypt’s banking sector has long been a challenging proposition. The large number of domestic players serving a bankable population limited by low salaries and high informal employment has left the Central Bank of Egypt (CBE) reluctant to license new lenders. The last major alteration to the sector’s ownership came in 2004, when the Central...
Articles & Analysis | Sourcing funds: A large-scale T-bill issuance has significantly altered the exposure profiles of local banks from The Report: Egypt 2013
Effectively priced out of the international bond market, the Ministry of Finance has been compelled to turn to the domestic banking sector to meet the demands of the state budget. For local banks faced with reduced borrowing demand, the easy yield offered by a steady supply of treasury bills (T-bills) represents an attractive route to growth....
Articles & Analysis | Leading the way: A look at the top five players in the sector from The Report: Egypt 2013
Ongoing political uncertainty, muted GDP growth and the threat of reduced business volumes that these factors carry with them has resulted in a number of ratings agencies giving Egypt’s banking sector a negative outlook. However, Egypt’s largest banks have demonstrated a high degree of resilience to date, with their bottom lines supported by the...
Articles & Analysis | Holding steady: Despite systemic risks and ongoing political uncertainty, the sector is well placed to weather current challenges from The Report: Egypt 2013
Although summer 2013 has seen increased political risk and uncertainty in the country’s broader macroeconomic environment, the positive financial results of Egypt’s banking sector over 2012 and into 2013 attest to its overall resilience. A process of regulatory reform, which began in 2004, underpins this solid performance, and continues to this day...
