Bank loans

Bank lending increased by EGP 63.1 billion in January

Loans granted by banks increased by EGP 63.115 billion, registering around EGP 3.095 billion at the end of January, compared to EGP 3.032 billion at the end of December, according to the Central Bank of Egypt.

A central bank report revealed that loan balances were split into government loans worth EGP 1.17 trillion and non-government loans worth EGP 1.924 billion.

Government loans

Local currency lending of general government balances stood at EGP 794.122 billion at the end of January, compared to EGP 767.730 billion at the end of December.

Government borrowings in foreign currency amounted to EGP 376.656 billion at the end of January, compared to EGP 370.904 billion at the end of December.

Non-government loans

Non-government loans in local currency registered EGP 1,693 billion, compared to EGP 1,663 billion at the end of December.

Non-government loans were divided into loans for agricultural activity worth EGP 44.385 billion, EGP 430.369 billion for industry, EGP 201.097 billion for trade and EGP 407.467 billion for services.

Foreign currency balances of non-government loans stood at EGP 230.960 billion at the end of January, compared to EGP 229.847 billion at the end of December.