Dublin, February 15, 2022 — (GLOBE NEWSWIRE). “The Banking Industry of Egypt 2021”Report has been added ResearchAndMarkets.com’s offering.
This report on Egypt’s banking industry includes both central and deposit-taking banks.
It includes information about the country and relevant legislation and regulations. It also contains details of major players and their performance, financial inclusion and development, digital banking and fintech, and details on the competitive environment.
There are profiles of 16 companies. These include state-owned banks like Banque Misr and Banque du Caire. Large private banks like Commercial International Bank and QNB Alahli as well as international banks such as HSBC or Credit Agricole Egypt.
Egypt’s banks were able weather the pandemic because they were relatively well-capitalised when they entered the crisis. The number of nonperforming loans is still low. In a country where only a third of the population has access to banks, the pandemic helped drive significant growth in digital banking.
Experts believe a new bank act, passed in 2020, that increases capital requirements and promotes mergers and acquisitions could boost financial inclusion and support financial inclusion. Despite the fact that bank profits have been negatively affected by the slowdown of private lending, experts believe that lending will rebound, aided by the current record low interest rates.
Challenges
Financial inclusion is a critical issue, as nearly two-thirds of Egyptians do not have a bank account. Banks are working quickly to expand digital channels. They have increased the number of ATMs and point-of-sale machines and partnered with fintech companies to offer clients better mobile wallets and payment options. Another challenge is the low ratio of loans-to-deposits in the banking sector.
Growth drivers
Development of mega projects and recent economic changes, such as the liberalisation and easing of the foreign currency system, are key growth drivers. This monetary policy, which aims to control inflation and reduce expenditures by eliminating fuel subsidies and fuel subsidies, is designed to curb inflation. The pandemic fueled significant growth in digital banking. Electronic transactions have grown exponentially.
Key Topics Covered
1. INTRODUCTION
2. COUNTRY INFORMATION
3. DESCRIPTION OF INDUSTRY
3.1. Industry Value Chain
3.2. Geographic Position
3.3. Size of the Industry
3.4. Key Success Factors & Pain Points
4. LOCAL
4.1. Key Trends
4.2. Notable players
4.3. Corporate Actions
4.4. Regulations
4.5. Enterprise Development and Social Economic Development
5. AFRICA
6. INTERNATIONAL
7. FACTORS INFLUENCING
7.1. COVID 19
7.2. Economic Environment
7.3. Labour
7.4. Environmental Issues
7.5. Technology, Research and Development (R&D), and Innovation
7.6. 7.6.
7.7. Financial Inclusion
7.8. Cybercrime & Fraud
8. COMPETITIVE ENVIRONMENT
8.1. 8.
8.2. 8.2.
8.3. Barriers to Entry
9. SWOT ANALYSIS
10. OUTLOOK
11. INDUSTRY ASSOCIATIONS
12. REFERENCES
12.1. Publications
12.2. Websites
APPENDIX
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Summary of Noteable Players
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Company Profiles
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Abu Dhabi Islamic Bank – Egypt SAE
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Al Baraka Bank Egypt S.A.E.
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Arab African International Bank
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Arab Banking Corporation – Egypt (S.A.E)
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Bank of Alexandria S.A.E.
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Banque Du Caire S.A.E.
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Banque Misr (S.A.E.)
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Commercial International Bank (Egypt). SAE
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Credit Agricole Egypt S.A.E.
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Egyptian Gulf Bank S.A.E
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Export Development Bank of Egypt S.A.E
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Faisal Islamic Bank of Egypt S.A.E.
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HSBC Bank Egypt S.A.E
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National Bank of Egypt S.A.E.
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QNB Alahli SAE
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Suez Canal Bank S.A.E
For more information on this report, visit https://www.researchandmarkets.com/r/rfx0ei
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