Egypt Banking Sector Poised for Robust Growth
Banking assets are anticipated to grow at a CAGR of around 11% during FY 2011-FY 2014, says RNCOS in its latest research report.
- (1888PressRelease) February 05, 2011 - As per our new research report "Egypt Banking Sector Analysis", banking sector in the country is stable and highly efficient. The Egyptian banking sector is dominated by three state-owned banks, National Bank of Egypt, Banque Misr and Banque du Caire, and one private institute - Bank of Alexandria. Despite heavy slowdown in the economy, the banking sector continued to post healthy growth during the past few years. As per our estimations, the banking assets are forecasted to grow at a CAGR of around 11% during FY 2011- FY 2014.
The main reasons for the growth of this industry are the increased demand for consumer as well as corporate financing and improved economic conditions in the country. Besides, various other strong fundamental drivers discussed and analyzed in the report will enable the banking assets to sustain its upward growth trend in the coming years.
Further, our report provides risk and capital assessment analysis accompanied with recent banking reforms initiated by the central bank. The report also identifies emerging trends and potential areas such as, E-banking, increasing acceptance of payment cards, Islamic banking, SME loans, rising privatization and mortgage financing, which will decide the future of the banking industry in the country.
Besides, our report discusses each of the banking performance indicators in-detail. Under loans and deposits section, the reports talks about each of the verticals like, business, households, government, and external sector loans. Moreover, it has further segmented business loans in terms of business activities: 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.
"Egypt Banking Sector Analysis" is an outcome of an extensive research and detail study of banking sector in Egypt. The report discusses each indicator of the banking system performance in detail, supplemented with quantitative data and prudent analysis. It also provides the clients a direction, in which the banking sector is likely to move in coming years. Additionally, the report analyzes the pattern of macroeconomic variables and their impact on the banking sector.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM155.htm
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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