Credit facilities granted to largest 100 borrowing clients rose to LE 507.6B by end of June 2021

CAIRO - 18 January 2022: Data from the Central Bank of Egypt (CBE) revealed that the balances of credit facilities provided by the banking sector to the largest 100 borrowing clients (public and private business sectors) increased by the end of June 2021, with an annual growth rate of 19 percent.

The Central Bank clarified, in its Financial Stability Report 2020, that the balances of credit facilities granted to the largest 100 borrowing clients rose to LE 507.6 billion by the end of June 2021.

It added that those loans were concentrated in 16 economic sectors; the top of which were 4 sectors with a rate of 58 percent.

According to the report, the construction and building sector accounted for 22 percent of the loans of the top 100 clients, while the oil, gas and petrochemical sector accounted for 16.2 percent, the iron and steel sector 10.35 percent, and the real estate development sector 9.5 percent.