Amid global economic stagnation and domestic upheaval, the Egyptian banking sector has performed remarkably steadily. However, one of the key facets behind its success – its conservatism – is coming under increasing criticism from some, who claim its reluctance to lend beyond large corporations and government entities is holding the country back.
Africa
Latest articles from Egypt

Old lessons help EBRD strengthen future prospects
November 1, 2013The European Bank for Reconstruction and Development's managing director for the southern and eastern Mediterranean region, Hildegard Gacek, explains how expertise and past experience are now enabling the EBRD to assist Egypt, Morocco, Jordan and Tunisia through a period of great economic and political change.
Banks to watch in 2013, EFG Hermes
February 1, 2013The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. Following its 2012 merger with Qatari investment bank QInvest, Egypt-based EFG Hermes will be a bank to watch in 2013.

North African Islamic finance in the post-Arab Spring world
November 7, 2012The Arab Spring uprisings have brought change on an unprecedented scale to north Africa over the past couple of years, but what impact have these changes had upon the region's appetite for Islamic finance?

Noor Islamic Bank pushes Islamic finance towards maturity
November 7, 2012Islamic finance is increasingly being viewed as a credible alternative to conventional finance, but Hussain Al-Qemzi, group chief executive of Dubai-based Noor Investment Group and chief executive of Noor Islamic Bank, recognises that Islamic institutions must work together if they are to compete with conventional banks.

Islamic finance looks to pastures new
November 7, 2012To maintain its phenomenal growth rates, Islamic finance is increasingly looking beyond sukuk and property investment to growth areas such as renewable energy and healthcare.

The struggle to find the right Islamic banking model
November 7, 2012The steady growth of sharia-compliant assets suggests banks believe in the future of the sector, but the dismantling of the largest cross-border Islamic window raises questions about whether global banking groups can make a success of the business.

Malaysia sets Islamic finance example
November 7, 2012Malaysia leads the world in providing a sharia-compliant environment for savings. CIMB Islamic's Badlisyah Abdul Ghani charts the rise of Islamic finance since its founding in the country 50 years ago.

Top Arab banks ranking, 2012
October 1, 2012Arab banks offset the turmoil of the Arab Spring and offered a robust performance in 2011 with impressive growth across the key financial indicators. And with minimal exposure to the eurozone crisis, the region's banks are expected to continue their recovery from the global financial crisis.

After the Arab Spring: the revival of north Africa's capital markets
September 3, 2012North African capital markets were hit hard in the wake of the Arab Spring uprisings that cut through the region in 2011. Economic activity was left disjointed and north African bourses experienced sharp declines in trading. The Banker looks at whether the increased liberalisation of these countries' economies can encourage foreign investment and benefit their respective exchanges.