This paper examines the structure and performance of the banking industry in Egypt during the period from 2002 to 2009. The Central Bank of Egypt undertook a major banking reform towards a more liberal system. This included the strengthening of bank supervision and regulation and the bank privatization, where it helped to improve market competitiveness and efficiency. Total registered banks’ deposits grew at a CAGR of 11.43% during 2002–2009, reaching LE 848.7 billion at the end of December 2009, while their total credit facilities increased at a CAGR of 10%, reaching LE 793.8 billion.
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For further information see El-Shazly, 2001.
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Daradkah, D., Miani, S. The Banking Industry in Egypt. Transit Stud Rev 18, 65–84 (2011). https://doi.org/10.1007/s11300-011-0192-4
- Banking industry