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Bank loans increase EGP 7.6bn in November - Daily News Egypt

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Bank loans increase EGP 7.6bn in November

The value of bank loans provided to customers increased to EGP 1.431tn at the end of November 2017, edging up from EGP 1.424tn in October 2017. This marks an increase of EGP 7.6bn, according to the Central Bank of Egypt (CBE). In its monthly bulletin on the banking sector’s performance issued on Thursday, the CBE …


The value of bank loans provided to customers increased to EGP 1.431tn at the end of November 2017, edging up from EGP 1.424tn in October 2017. This marks an increase of EGP 7.6bn, according to the Central Bank of Egypt (CBE).

In its monthly bulletin on the banking sector’s performance issued on Thursday, the CBE stated that the total value of government loans amounted to EGP 357.9bn at the end of November, up from EGP 356.1bn at the end of October, an increase of EGP 1.8bn.

Meanwhile, non-government loans in local and foreign currencies increased by EGP 5bn, reaching a total volume of EGP 1.073tn compared to EGP 1.068tn in October 2017.

Topics: bank Loans

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