Egypt's banks’ credit balances rose by 5.2 percent reaching LE30.4 billion ($3.98 billion) during July/November 2014/2015 compared to LE27.9 billion ($3.66 billion) during the July/October according to the Central Bank of Egypt’s (CBE) monthly report released on Sunday.
Moreover, the report noted that the private business sector accounted for 61.8 percent of total non-government credit balances at the end of November 2014 with an increase 0.1 percent as it recorded 61.7 percent at the end of the October 2014.
The CBE report pointed that at the end of November 2014, the relative breakdown of non-government credit balances by economic activity ran as 35.3 percent for the manufacturing sector, 24.5 percent for services, 10.4 percent for trade, 1.2 percent for agriculture and 28.6 percent for the unclassified sectors (including the household).
