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Bank loans hit LE23 bn rise at end of January 2018, CBE

Bank loans hit LE23 bn rise at end of January 2018, CBE

Cairo: The Central Bank of Egypt said that the banking sector loans rose by 23 billion pounds by the end of January 2018, to record about 1.476 trillion pounds, compared to 1.453 trillion pounds in December 2017.

The bank said in its latest report that the government sector loans in local and foreign currencies increased by about 12 billion pounds by the end of January 2018 to 385 billion pounds, compared to 373 billion pounds by the end of December 2017.

It also pointed out that private sector loans in local and foreign currencies witnessed a 11 billion pounds rise by the end of January, to 1.090 trillion pounds, compared to 1.079 trillion pounds last December.

Source: AlMal

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