The Egyptian banking industry, supported by the buoyant economic growth, increasing demand of consumer loans and improving consumer confidence, has shown a strong growth in the recent past. The government is also working hard to make the industry globally competitive. As a result of government’s privatization program and rapid consolidation in the banking system, asset quality of banks is improving significantly. As part of the privatization process, bad debts owed by publicly-owned companies are being paid back to state-owned banks in cash by the state prior to their sell off. Thus, ratio of non-performing loans is going down. These are the findings of our research report, "Egypt Banking Sector Analysis”.

This report is an analytical study of the thriving banking industry of an emerging African country, Egypt. It evaluates the products and services offered by the Egyptian banking industry. Exploring the market development and potential, the report gives a broad overview on the Egyptian banking industry. It will help clients to identify the leading-edge opportunities critical to the success of the banking industry and help investors, financial service providers and global banking players to navigate through the market.

Other Key Findings of the Research

§ Deposits at Egyptian banks are forecasted to grow at a CAGR of about 14% between 2008-09 and 2010-11, with household sector accounting for majority of deposits.
§ Bank loans to private business sector are forecasted to grow at a CAGR of about 9.5 during 2008-09 to 2010-11.
§ Manufacturing sector will remain the major recipient of bank loans in local as well as foreign currencies during 2007-08 to 2010-11.
§ Net interest income is projected to grow at a CAGR of over 12% during 2008-2012.

Key Issues & Facts Analyzed in the Research

§ What makes Egypt an attractive banking destination?
§ Which banking products will see strong growth?
§ What are the prospective areas of investment for the banks in near future?
§ What are the various challenges for the industry?

Key Players Evaluated in the Research

This section provides business analysis of top players like National Bank of Egypt, Bank of Alexandria, Barclays Bank Egypt and BNP Paribas operating in the Egyptian banking industry.

Research Methodology Used in the Research

Information Sources
Information has been sourced from various authentic sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.

Analysis Methods

RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.

Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.