The 2010s was a difficult decade for the Egyptian economy. Yet the country’s banking sector, while not immune from the malaise affecting the wider economy, in many ways proved to be a stabilising influence, all the while recording impressive overall growth figures given the circumstances.
As the new decade begins, amid a more secure operating environment and predictions of strong economic progress over the next few years, Egypt’s banks look set to push forward, targeting areas such as lending to small and medium-sized enterprises (SMEs) and penetrating the country’s significant unbanked population.
