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Loans to industrial sector on a rising trajectory
Daily News Egypt Published in Daily News Egypt on 15 - 07 - 2012


By Nasser Youssef
The Central Bank reported an increase of EGP 1.6 billion in financing from banks to the Egyptian industrial sector, with a total value of EGP 155 billion last April, compared to EGP 153.4 billion in March.
Loans denominated in Egyptian pounds in April equalled EGP 102.3billion, compared to EGP 101.5 billion in March.
Loans denominated in foreign currency equalled EGP 52.7 billion in April as opposed to to EGP 51.9 billion in March.
The Central Bank also reported an increase in loans to the commercial sector, with foreign and domestic loans in April reaching EGP 48.9 billion, compared to EGP 47.6 billion in March.
Loans denominated in Egyptian pounds to the commercial sector in April equalled EGP 40.3 billion, compared to EGP 38.9 billion in March.
However, loans denominated in foreign currency fell from EGP 8.7 billion in March, to EGP 8.6 billion in April.
The Central bank reported a decrease of EGP 100 million in finances for the services sector, which saw a decrease of EGP 600 million last October.
Total loans to the service sector in April equalled EGP 126.2 billion, compared to EGP 126.3 billion in March.
Loans denominated in Egyptian pounds to the service sector in April equalled EGP 84.4 billion, compared to EGP 84.5 billion in March.
Loans denominated in foreign currency remained at EGP 41.8 billion.
Loans to the agricultural sector decreased by EGP 100 million, equalling EGP 5.7 billion in April, compared to EGP 5.8 billion in March.
Loans denominated in Egyptian pounds amounted to EGP 4.1billion.
The Central Bank's credit portfolio increased by EGP 3.2billion to reach EGP 495.4 billion, up from EGP 492.2 billion in March.
Loans to non-governmental bodies continued to increase, rising EGP 3.5 billion.
Total loans to non-government bodies equalled EGP 461.7 billion in April, compared to EGP 457.9 billion in March.
Loans to the government decreased by EGP 600 million to reach EGP 33.7 billion, down from EGP 34.3 billion.
Loans denominated in foreign currency to government and non-governmental bodies increased by EGP 300 million to reach EGP 140.3 billion in April, compared EGP 140 billion in March.

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