The bank loan portfolio for the industry rose to 272 billion pounds

Economy and stock exchange

Total loans of banks operating in Egypt increased to EGP 272 billion at the end of January 2019 compared to LE 249 billion at the end of June 2018, an increase of LE 23 billion over the last seven months, according to the latest report issued by the bank. Egyptian Central Bank.

A bank official for the "seventh day" said that the file of the national industry is one of the most prominent credit files that banks give great attention in the coming period to the granting of funding. About 200 billion pounds were allocated by the credit banks to the small and medium enterprises sector to pump them within four years, With the establishment of specialized departments within the banks to train employees in this regard, and support the efficiency of funding to reach the largest segments of customers, in addition to supporting large-scale industries in the Egyptian economy.

The banking sector is one of the most important pillars of the Egyptian economy at present, with liquidity rates and a good capital base, which contributed to overcoming this sector for many domestic and international crises. This is the future bet for financing projects during the coming period, as the ratio of loans to deposits in this sector reaches 45% Confirms that liquidity is sufficient to finance all sizes and types of projects in order to contribute to the growth of Egypt's GDP.

The seventh day of the journal "Al-Yawm Al-Khadija" launched the "Towards a Better Future for Egyptian Industry" to support the national industry and export sectors through a series of investigations, analyzes, dialogues and field press issues. , Which is the main axis of the Egyptian economic agenda during the coming period, to build on the successes achieved in the economic reform program, which supports raising the rates of growth in GDP to 8%, increasing employment opportunities and supporting the reserve balances.

The integrated file and the extended dialogue on the "Egyptian industry" are inspired by the best international experiences, experiences and practices in the fields of industry and export, such as the Korean, Singaporean and Chinese experiences, and ways of boosting the growth of small and medium enterprises, which is the backbone of the major economies. Important.

[tto] Egyptian