Noida, India (PressExposure) December 01, 2009 -- RNCOS has recently added a new Market Research Report titled, âEgypt Banking Sector Analysisâ to its report gallery. When all the major economies of the world have been adversely hit by the financial crisis, the banking industry in Egypt remains largely stable, reflecting its relative isolation from and resilience to the global crisis. Egypt has shown considerable progress in the banking sector reforms over the years. The central bankâs NPL management plan has helped banks to settle around 90% of total outstanding NPLs. With the rapid merger and acquisitions in the recent past, the banking sector has become more strong and efficient. The number of banks operating in Egypt reduced to 39 as of the end of December 2008 from 57 in 2004.
As per our latest industry report titled âEgypt Banking Sector Analysisâ, Egyptian banks have significantly intensified their lending activity in the recent years. Credit facilities provided to the business segment contribute to the majority of bank loans. However, foreign sector loans are experiencing rapid expansion on account of rise in loans to the private business segment, mostly to the trade sector in foreign currency. In future, banks are expected to further intensify their lending activities with the rising demand for loans from domestic as well as foreign sector. Resultantly, the bank loans are expected to grow at a CAGR of about 13% during the period spanning from 2009-10 to 2013-14.
During our research, we found that Egyptian banks have not only seen growth in lending activities but have also seen reckonable growth in the deposits on rising consumer confidence on the system. With rapid expansion in household deposits, the country is expected to see a thriving influx of deposits at a CAGR of close to 15% during our forecast period. Long-term, fix maturity deposit products will account for the majority (over 80%) of growth.
âEgypt Banking Sector Analysisâ is an outcome of extensive research and detailed study of the banking sector in Egypt. The report discusses each of the banking performance indicators in detail. Most importantly, it also tells clients the direction in which banking sector is likely to move in the coming years. Additionally, the report also analyzes the pattern of macroeconomic variables and their impact on the banking sector of the country. It also finds the emerging industry trends, which will decide the future of the banking sector in Egypt.
For FREE SAMPLE of this report visit: [http://www.rncos.com/Report/IM155.htm]
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