Credit Balance in Egyptian Banks Jump in 2023

Updated 3/7/2024 4:11:00 PM
Credit Balance in Egyptian Banks Jump in 2023

The total credit balance within Egyptian banks during 2023 reached EGP 4.8 trillion, marking a notable year-on-year (YoY) growth of 34.5%, as per data from the statistics body CAPMAS.  

Private businesses emerged as the dominant credit recipients, constituting 35.7% of the total, followed closely by public enterprises at 31.3%.   

Meanwhile, households also played a significant role, accounting for 17.4% of the credit allocation. 

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