Banks offered EGP 506.7 Bln Credit Facilities By June 2012

The value of credit facilities offered by the Egyptian banking sector rose by EGP 4.462 billion (0.8%), registering EGP 506.7 billion at the end of last June, up from EGP 502.2 billion at the end of last May.

The Central Bank of Egypt’s (CBE) latest report revealed that the private sector business accounted for EGP 473.1 billion of the total value of credit facilities, up from EGP 469.6 billion in May 2012; of which EGP 349.5 billion are of local-currency and EGP 123.5 billion are of foreign-currency.

The public sector business accounted for EGP 33.5 billion at the end of June, up from EGP 32.6 billion at the end of May; of which EGP 14.6 billion are of local currency and EGP 18.9 billion are of foreign currency.