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The economic recovery taking place has positively impacted the performance on banks working in the Egyptian market. The volume of loans and deposits significantly increased in March, according to the Central Bank of Egypt (CBE).
A recent report published by CBE indicated an increase of EGP 48.101bn in the deposits volume in banks. As per the report, there has also been an increase in the volume of loans coming from banks to the different economic sectors, amounting to EGP 23.352bn.
Daily News Egypt reveals the reasons for the great improvement in the banking sector’s performance in Egypt during March.
Source: Daily News Egypt
