Noida, India (PressExposure) March 07, 2011 -- As per our new research report "Egypt Banking Sector Analysis", banking sector in the country is highly efficient. When all the major economies of the world had been adversely hit by the financial crisis, banking industry in Egypt remained largely stable, reflecting its relative isolation from and resilience to the global crisis. The banking services in Egypt have shown record growth during the past few years, especially in household sector. As per our estimations, the household sector loans are forecasted to grow at a CAGR of around 9% during FY 2012- FY 2014.
The main reasons for the growth of this industry include increased demand for consumer loans, auto loans & housing loans, as well as improved economic conditions in the country. Besides this trend, various other strong fundamental drivers discussed and analyzed in the report will enable the household loans to sustain its upward growth trend in the coming years.
Further, our report reveals that most of the credit by the banks categorized under public and private sector goes to the private sector. The continuous expansion of business industry is attributable for this growth.
Besides, we have analyzed risk and capital adjustment of banks and various banking sector reforms till date. Our report also reveals that the banking sector has experienced significant changes in modern banking technology developments, including Internet banking, and phone banking services. Moreover, banks are modernizing their payment card technology and shifting towards smart card technology to offer more secure and advanced featured card to consumers.
Our report "Egypt Banking Sector Analysis", discusses each of the banking performance indicators in-detail. Under loans and deposits section, the reports talk about each of the verticals, such as business, households, government, and external sector loans. Moreover, it has further segmented business loans by business activity: agriculture, industry, trade, and services. Our report also features forecast for each key-banking segment to provide better understanding of the banking sector in the country. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the country's banking sector.
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