CBE: Credit facility balances rise to LE 3.09T by end of December 2021

CAIRO - 21 March 2022:The Central Bank of Egypt (CBE) said Sunday that the credit facility balances for clients in banks rose by around LE 195.3 billion to hit LE 3.099 trillion in July-December of the 2021/2022 fiscal year.

 

In its recent monthly report, the CBE said the credit facilities issued to the government reached LE 80.4 billion at a rate of 7.3 percent.

 

The non-governmental credit facilities increased to LE 114.9 billion at an average rate of 6.4 percent, the CBE added.

 

The CEB attributed the surge in credit facilities offered to the government to the rise in balances in foreign currency by LE 85.9 billion and the decline in balances in local currency by LE 5.5 billion.