Customer loans increase to EGP 2.38trn at end of October 2020

Loans provided by banks in Egypt, excluding the Central Bank of Egypt (CBE), increased by 1.09 percent recording 2.38 trillion Egyptian pounds at the end of October 2020, compared to 2.36 trillion pounds a month earlier.

Loans offered to the government rose to 765.79 billion pounds last October from 754.97 billion pounds last September, according to a report released by the Central Bank of Egypt (CBE).

Meanwhile, banks offered 1.616 trillion pounds in loans to non-government entities, compared to 1.602 trillion pounds in September 2020.