Moody's expects better performance of Egypt's bank sector in 2018

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MENA

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Tue, 12 Dec 2017 - 07:25 GMT

BY

MENA

Tue, 12 Dec 2017 - 07:25 GMT

A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York, February 6, 2013. REUTERS/Brendan McDermid

A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York, February 6, 2013. REUTERS/Brendan McDermid

CAIRO - 12 December 2017: Moody's Corporation expected on Tuesday a better performance of the banking sector in Egypt in 2018.

In its report "Banks -- Africa, 2018 Outlook", Moody's said, "Challenging conditions will most affect banks based in South Africa, Kenya and Tunisia. Those in Nigeria, Morocco and Egypt will fare better."

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