Egypt’s Central Bank: SMEs comprise %11.3 of loans portfolio

Egypt’s Central Bank stated that loans of small and medium-sized enterprises acquire 11.3 percent of the bank’s loans portfolio.

The bank provides corporate loans 71 percent of its loan portfolio, while credit facilities portfolio comprises 17.5 percent. Small and medium- sized enterprises allocations will amount 11.3 percent of the bank’s loan portfolio, by the end of 2022.

The bank said that personal loans portfolio has acquired 80.7 percent of retail banking portfolio at the end of 2022.

According to CBE’s financial stability report, real estate fund sector acquires 9.9 percent of retail banking and credit cards acquires 4.9 percent, while car loans acquires 4.5 percent.