Egypt’s credit jumps by 18.4% during July/April 2014/15

Banks' credit balances in Egypt jumped  by 18.4 percent or LE108 billion (US$14 billion) during July/April 2014/2015, according to the Central Bank of Egypt’s (CBE) monthly report released on Monday.
Moreover, the report noted that the private business sector accounted for 61.8 percent of total non-government credit balances at the end of April 2015.
The CBE report pointed that at the end of April 2014, the relative breakdown of non-government credit balances by economic activity ran as 34.9 percent for the manufacturing sector, 25.2 percent for services, 10.4 percent for trade, 1.2 percent for agriculture and 28.2 percent for the unclassified sectors (including the household).

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