In addition to being one of the world’s most resilient economies in 2020, Egypt benefits from a well-capitalised banking sector, which remains one of the most important pillars of the economy. While the Covid-19 pandemic posed a substantial external shock, the sector was well placed to respond in a coordinated and holistic manner. Liquidity remained high and the necessary measures were put in place by public and private actors to mitigate the worst effects of the crisis.
In this October 2020 report, produced in collaboration with Hisham Ezz Alarab, former chairman and managing director of CIB, Oxford Business Group maps out how the banking sector in Egypt has dealt with the onset of the Covid-19 pandemic, and explores how unprecedented economic and public health impacts have affected the wider economic outlook, particularly in the banking sector.
Looking ahead to one of Egypt’s great structural necessities – infrastructure – it is evident that the country’s banks will continue to play a crucial role in financing projects in Egypt and the rest of Africa as part of an intra-continental development drive from lenders looking to dynamic markets in sub-Saharan Africa for growth.
Click here to download the full report
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