CAIRO - 18 March 2021: The Central Bank of Egypt (CBE) on Thursday asserted that the banking sector assets significantly improved, citing the latest report on financial safety indicators that was issued by the end of December 2020.
In a report on financial stability released on Thursday, the CBE said that non-performing loans declined to register 3.6 percent in December 2020, compared to 4.2 percent in December 2019.
The CBE added that non-performing loan provisions decreased to 96 percent in December 2020, against 97.2 percent in the corresponding month of 2019.
It noted that the loan-to-deposit ratio rose to 48.2 percent in December 2020, versus 44.8 percent in December 2019.
The report showed that risk-weighted capital ratio for local banks went up to hit 19.5 percent in December 2020, compared to 18.4 percent in December 2019.