The document provides an overview of Egypt's financial sector from July to March 2015. It summarizes that:
- Banks' aggregate financial position increased by LE 211.2 billion, with deposits growing by LE 170.3 billion primarily from the household sector. Banks' lending also increased by LE 14 billion, mostly to the household sector.
- The stock market saw increases in all price indices, with the EGX 30 benchmark index rising 64.2%. New stock issues approved totaled 2294 worth LE 34.9 billion.
- Non-banking sectors also saw growth, with the tourism and leisure sector index increasing 111.7% and the number of listed companies on the stock exchange rising to 213
Hong Kong macroecomic policy responses to 2008 financial crisisShayne (Chisheng) Li
We examined Hong Kong's fiscal and monetary policies to revive its GDP growth rate and to reduce its unemployment rate following the 2008 financial crisis.
Hong Kong macroecomic policy responses to 2008 financial crisisShayne (Chisheng) Li
We examined Hong Kong's fiscal and monetary policies to revive its GDP growth rate and to reduce its unemployment rate following the 2008 financial crisis.
Resumen de ideas y perspectivas sobre la cobertura universal de saludjorgeprosperi
Objetivos:
Difundir información seleccionada y bibliografía sobre la Cobertura Universal de Salud
Provocar el debate sobre la situación de la Cobertura Universal de salud
Incentivar entre los participantes el desarrollo de investigaciones y propuestas para avanzar en la Cobertura Universal de Salud
BALANCE OF PAYMENTS, COMPONENTS & ECONOMIC SURVEYsairajch94
A VERY DETAILED AND ELABORATED PPT ON THE BOP OF INDIA WHERE THE COMPONENTS ARE MENTIONED, THEN A BRIEF OF THE CRISIS OF 1991 IS MENTIONED AND THEN THE DEVELOPMENTS FROM THE ECONOMIC SURVEY OF 2013-14 ARE ALSO FOCUSED UPON.
Case study-Kuwaiti banks performance
رويال كلاس للبحوث الأكاديمية والدراسات العليا بالكويت
Contact Us at:
info@royalclassacd.com
http://www.royalclassacd.com
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
2. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
2 of 22 | P a g e
Overview of the Aggregate Financial Position of Banks
Source: CBE Economic Review Volumes Vol.54 No 3 2013-2014
Banks' aggregate financial position augmented by LE 211.2 billion or 13.5 percent
(against LE 165.7 billion or 12.1 percent in the corresponding period of the previous FY),
to LE 1775.0 billion.
On the liabilities side, the rise was a result of the growth of LE 170.3 billion or 14.3
percent in banks' deposits (against a rise of LE 120.8 billion or 11.8 percent), to post LE
1357.2 billion. Equities scaled up by LE 16.3 billion or 15.1 percent to LE 124.2 billion.
Provisions also mounted by LE 1.5 billion or 2.4 percent. Increases were also seen in
obligations to banks abroad by LE 0.6 billion worth or 4.0 percent and other liabilities by
LE 25.5 billion or 18.7 percent. Meanwhile, obligations to local banks decreased by LE
2.0 billion or 7.9 percent and bonds and long-term loans by LE 1.0 billion or 3.2 percent.
On the assets side, 61.1 percent of the increase generated from banks' investments in
securities and bills that augmented by LE 129.1 billion or 19.7 percent. Similarly, balances
with local banks increased by LE 41.4 billion or 31.5 percent (due to the rise of banks'
balances at the CBE by LE 50.3 billion and the retreat of those at other local banks by LE
8.9 billion). Furthermore, customers' lending and discount balances increased by LE 14.0
billion or 2.6 percent. Add to this the rise in balances with banks abroad by LE 4.5 billion
worth or 5.9 percent and other assets by LE 29.1 billion or 23.6 percent. However, cash
in vaults decreased by LE 6.9 billion or 23.9 percent.
3. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
3 of 22 | P a g e
Most of the increase in banks' investments in securities and bills was manifested in
government bonds (up by LE 83.6 billion), treasury bills (by LE 43.5 billion), and corporate
equities (by LE 3.0 billion). Conversely, investments in non-government bonds retreated
by LE 0.8 billion and in foreign securities by LE 0.2 billion worth.
Relative Structure of Banks’ Portfolio Investment
4. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
4 of 22 | P a g e
Interbank Transactions
Transactions with Banks Abroad
Net transactions of local banks with correspondents abroad unfolded a rise in their net
credit balances by LE 3.9 billion worth or 6.4 percent, to register LE 65.7 billion (against
LE 61.8 billion). The increase reflected the rise in their balances with banks abroad by LE
4.5 billion worth and in their obligations thereto by LE 0.6 billion worth.
Interbank Transactions in Egypt
Transactions in the interbank money market decreased, in terms of deposits, by
LE 8.9 billion or 40.8 percent in the reporting period (against a rise of LE 1.3 billion or 7.5
percent in the period of comparison), bringing total deposits to LE 12.9 billion at end of
March. The fall reflects the drop in both local and foreign currency deposits by LE 8.8
billion and LE 0.1 billion worth, in order.
5. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
5 of 22 | P a g e
Deposits Activity
Deposits at banks grew by LE 170.3 billion or 14.3 percent (against LE 120.8 billion or
11.8 percent), to record LE 1357.2 billion. The household sector contributed 63.6
percent of the total increase in deposits. The government sector followed with 25.0
percent. Most of the increase (82.7 percent) was observed in local currency deposits
that surged by LE 140.8 billion or 15.7 percent, to LE 1037.2 billion or 76.4 percent of
total deposits. On the other hand, foreign currency deposits increased by LE 29.5 billion
worth or 10.2 percent, to stand at the equivalence of LE 320.0 billion.
73 percent of the increase in local currency deposits came from the household sector.
Its deposits grew by LE 102.7 billion or 15.0 percent, to register LE 789.4 billion or 76.1
percent of total LE deposits at end of March 2014. Likewise, deposits of the private
business sector increased by LE 24.9 billion or 20.6 percent, the government sector by
LE 13.8 billion or 22.8 percent, and the external sector by LE 0.7 billion or 15.2 percent.
In contrast, deposits of the public business sector fell by LE 1.3 billion or 5.4 percent.
6. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
6 of 22 | P a g e
The increase in foreign currency deposits was an outcome of the hike in the deposits of
the government sector by LE 28.7 billion worth or 46.3 percent, the household sector
by LE 5.7 billion worth or 4.2 percent, and the public business sector by LE 0.4 billion
worth or 3.5 percent. However, deposits of the private business sector fell by LE 5.0
billion worth or 6.6 percent and so did those of the external sector by LE 0.3 billion
worth or 7.5 percent.
Lending Activity
Lending and discount balances extended by banks increased by only LE 14.0 billion or
2.6 percent, to post LE 563.1 billion, constituting 31.7 percent of total assets and 41.5
percent of total deposits. The increase was attributable to the rise in LE lending and
discount balances by LE 12.1 billion or 3.1 percent to LE 399.9 billion, and those in
foreign currencies by LE 1.9 billion worth or 1.2 percent to LE 163.2 billion worth. The
increase realized during July/March 2013/2014 was less than half the rise in the period
of comparison. More than 90 percent of this increase was concentrated in the last three
months of the period.
The sectorial breakdown of the rise in the LE lending and discount balances reveals that
the household sector was the major recipient, with a share of more than 90 percent of
the increase. Its debt moved up by LE 11.3 billion or 9.0 percent (compared with LE 12.1
billion or 11.0 percent in the previous corresponding period), to LE 136.8 billion at end
of March 2014, representing more than one third of LE loans. Moreover, loans to the
public business sector went up by LE 2.3 billion (against LE 3.1 billion) and those
extended to the government sector by LE 0.3 billion (against a drop of LE 2.7 billion).
Meanwhile, loans extended to the private business sector declined by LE 1.6 billion
(against a rise of LE 3.3 billion), to post LE 215.0 billion at end of March 2014.
Nevertheless, the latter sector was still representing more than half (53.8 percent) of
the LE lending and discount balances at end of March 2014. Likewise, loans extended to
7. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
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the external sector fell by LE 0.2 billion worth.
The rise in the lending and discount balances in foreign currencies during the period
was traceable to the increase in loans extended to the government sector by LE 2.5
billion worth, as well as to the private business sector by LE 1.8 billion worth to post LE
116.3 billion or 71.3 percent of total loans in foreign currencies at end of March 2014.
Likewise, loans extended to the public business sector inched up by LE 0.7 billion worth.
However, the rise was curbed by the drop of LE 2.8 billion worth in loans extended to
the external sector and of LE 0.3 billion worth in those extended to the household
sector.
The relative distribution of loans by economic activity at end of March 2014 indicates
that the manufacturing sector came first with a share of 37.5 percent (in both local and
foreign currencies). The unclassified sectors (including the household) followed (26.3
percent), then the services sector (24.7 percent), trade (10.3 percent), and agriculture
(only 1.2 percent).
Loans and advances (excluding discounts), provided by banks – by maturity – registered
LE 559.4 billion at end of March 2014, with an increase of LE 14.6 billion or 2.7 percent
during the period. The increase was due to the growth in short-term loans (one year or
less) by LE 7.4 billion or 2.9 percent (owing to the increase in both LE and foreign
currency loans by LE 1.2 billion and LE 6.2 billion worth, respectively). Add to this the
pickup in long-term loans (more than one year) by LE 7.2 billion or 2.5 percent (due to
the rise in local currency loans by LE 10.8 billion and the retreat in those in foreign
currencies by LE 3.6 billion worth).
Banks’ Financial Soundness Indicators (FSIs): SEP 2014 DEC 2014
Capital adequacy ratio (%) 12.5 13.1
Non-performing loans/Total loans (%) 8.9 8.6
Loan provisions/Non-performing loans (%) 97 97
Return on average assets (%) 1.0 1.0
Return on average equities (%) 14.5 14.5
8. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
8 of 22 | P a g e
Source: CBE FEB 2015 Statistical Bulletin
Non-Banking Financial Sector
Stock Market
In July/March 2013/2014, EGX registered increases in all price indices. Its benchmark
index (EGX 30) rose by 64.2 percent, to 7805.0 points at end of March 2014 (against
4752.2 points at end of June 2013). EGX 20 Capped increased by 80.5 percent, recording
9403.2 points at end of March 2014 (against 5210.7 points at end of June 2013). EGX 70
moved up by 65.3 percent to 595.4 points (against 360.2 points); and so did EGX 100 by
61.9 percent to 1041.3 points (against 643.0 points). The NILEX index, which reflects the
performance of small and medium enterprises listed on the Nile Stock Exchange, inched
up by 11.4 percent to 935.2 points at end of March 2014 (against 839.2 points at end of
June 2013).
Source: EFSA, and EGX's reports
9. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
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EGX 30 Index Historical Data
Year Month End Close
2010 12-2012 7076
2011
01-2011 6310
06-2011 5373
09-2011 4094
12-2011 3586
2012
03-2012 5018
06-2012 4628
09-2012 5956
12-2012 5442
2013
03-2013 5183
06-2013 4752
09-2013 5620
12-2013 6774
2014
03-2014 7805
06-2014 8070
09-2014 9603
12-2014 8926
2015
03-2015 9135
06-2015 8371
Latest 6/7/2015 7937
Source: Egypt SE Statistical Bulletin, Bloomberg
10. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
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Sector Indices
All sectorial indices increased in July/March 2013/2014. The tourism and leisure came
on top, increasing by 111.7 percent, followed by financial services (excluding banks) and
basic resources (106.5 percent each), then personal and household products (101.1
percent). Meanwhile, healthcare and pharmaceuticals recorded the smallest increase,
inching up by only 18.6 percent.
Primary market: the number of new issues approved by EFSA during July/March
2013/2014 reached 2294, with a total value of LE 34.9 billion (against 2351 issues,
totaling LE 34.4 billion in the corresponding period a year earlier). Of this figure, issues
for new businesses reached 1617 in number (70.5 percent of total issues), at a value of
LE 6.0 billion. The number of issues for capital increases of existing companies reached
677, with a total value of LE 28.9 billion (82.8 percent of the total value of issues). Listing
activity on the EGX showed that the number of listed companies rose to 213 at end of
March 2014 (from 210 at end of June 2013). Also, the nominal capital of these
companies mounted by 4.1 percent to LE 158.4 billion (from LE 152.1 billion). Their
market capitalization climbed by 46.0 percent to LE 469.5 billion (against LE 321.7
billion), on the back of the rise in the prices of most shares traded on the EGX. The value
of issued and listed bonds surged by LE 76.7 billion or 23.4 percent in July/March
2013/2014, posting LE 404.7 billion at end of March 2014 (against LE 328.0 billion at end
of June 2013). This was attributed to the rise of LE 77.9 billion in the value of Egyptian
treasury bonds (primary dealers), to LE 392.9 billion or 97.1 percent of the total value
of listed bonds at end of March 2014. In the meantime, corporate bonds fell by LE 0.7
billion and securitization bonds by LE 0.5 billion.
Secondary market: its three indicators (number of transactions, number of securities
and their value) showed increases. In detail, the number of transactions increased by
507 thousand or 11.1 percent to 5.1 million during July/March 2013/2014, and so did
the number of traded securities (shares and bonds) by 8.3 billion or 29.9 percent
compared with the period of comparison, posting 35.9 billion papers. Their value inched
11. [EGYPT FINANCIAL SECTOR REVIEW] JULY 5, 2015
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up, as well, by LE 15.4 billion or 10.7 percent, to LE 158.7 billion. Share transactions
accounted for the bulk of trading on the EGX, representing 82.2 percent of the total in
the period under review (against 80.6 percent in the previous corresponding period).
Trading in bonds made up 17.8 percent of total transactions (against 19.4 percent).
Source: EFSA and monthly reports of the EGX.
Trading on NILEX started on June 3, 2010.
Turning to the market of small and medium enterprises (NILEX), the number of listed
companies reached 24 and the market capitalization of listed shares on NILEX amounted
to LE 1.2 billion at end of March 2014. Traded securities posted 312 million papers,
through 128 thousand transactions, with a total value of LE 992.0 million during the
period under review.
Investors' Transactions
Foreigners' transactions on EGX stepped down by 18.6 percent during July/March
2013/2014 compared with the corresponding period of the preceding year, scoring LE
62.7 billion (against LE 77.1 billion). Their dealings resulted in net purchases of LE 2.7
billion (against LE 1.4 billion in the period of comparison).
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Egyptians' trading on EGX accounted for 73.8 percent of total transactions carried out in
the reporting period. On the other hand, dealings of non-Arab foreigners represented
18.4 percent, while those of Arab investors recorded 7.8 percent.
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Historical Statistics – Egypt Stock Exchange
Source: EGSE Statistical Bulletin
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Stock Exchange – Main Sectors Indices (EGSE)
Source: Thomson Reuters
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Structure of the Egyptian Banking Sector
Structure of Egyptian Banking Sector and Banking Density
End of June...
Total Number of Banks
Operating in Egypt
Total Number
of Branches
Banking Density
Population / Banking unit
2005 52 2,841 24,800
2006 43 2,944 24,500
2007 41 3,056 24,200
2008 40 3,297 22,900
2009 39 3,443 22,300
2010 39 3,502 22,300
2011 39 3,573 22,500
2012 40+
3,610 22,700
2013 40 3,651 22,900
Source: Central Bank of Egypt
+ After the Registration of The Arab International Bank to fall under the Supervision of the Central Bank of Egypt on 5/6/2012
Number of Banks and Banking Density
End of June…. 2004+
2005 2006 2007 2008 2009 2010
All Banks
Total Number of Banks
Operating in Egypt
61 52*
43*
41*
40*
39*
39
Total Number of Branches 2783 2841 2944 3056 3297 3443 3502
Banking Density
Population / Banking unit
24.9 24.8 24.5 24.2 22.9 22.3 22.3
Public Sector
Number of Public Sector
Banks
7 7 7 6 6 5 5
Number of Branches of
Public Sector Banks
2153 2185 2222 2074 2089 2088 2080
Private Sector
Number of Private Sector
Banks
35 34 29 28 27 27 27
Number of Branches of
Private Sector Banks
571 607 674 930 1145 1270 1329
Private and Joint Venture
Number of Private and
Joint Venture Banks
19 11 7 7 7 7 7
Number of Branches of
Private and Joint venture
Banks
59 49 48 52 63 85 93
+Egyptian banks abroad are not included, also two banks established under private laws and are not registered with CBE: the Arab International Bank, and Nasser Social Bank.
*The decrease was due to branches of foreign banks ending their business in Egypt
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List of Banks Operating In Egypt
Governmental Banks Established Branches
CAIRO
Branches
JUL 2015
President / CEO / CM Vice President / Deputy
1 Bank of Alexandria 1957 36 152 Roberto Vercelli
2 Banque Du Caire 1952 41 132 Mounir A. Wahab Mohamed Taha Mohamed
3 Banque Misr 1920 90 365 Ahmed Mohie Eldin Abulezz Ahmed Hassan Elnahas
4 Egyptian Arab Land Bank 1880 10 27 Abdel Meguid Mohie Eldin Adnan Fathi Mahmoud
5 Export Development Bank of Egypt 1985 14 30 Mohamed Ismail ElSherif
6 Industrial Dev. & Workers Bank 1947 6 18 Elsayed Mohamed Elkosayer Sami Abdel Sadek
7 National Bank of Egypt 1898 121 271 Hisham Ahmed Okasha Mohamed Montasser Ibrahim
8 Principal Bank for Dev. & Agr. Credit 1930 18 193 Attia Salem Emad A. Aziz Salem
9 Suez Canal Bank 1978 16 33 Tarek Kandil Omar Mohamed Elsoghayar
10 United Bank of Egypt 2006 28 61 Mohamed Ashmawy
Private Banks Established Branches Branches President / CEO / CM Vice President, Deputy
11 Abu Dhabi Islamic Bank 1980 22 69 Niveen Lotfi
12 Ahli United Bank 2006 15 36 Fahad Al Rajaan Adel Ellabban
13 Al Baraka Bank of Egypt 1978 21 27 Zeinab Mohamed Elbahey Sami Fathi Mohamed
14 Arab African International Bank 1964 32 64 Hassan A. Allah
15 Arab Banking Corporation 1999 16 28 Akram Tinawi
16 Arab International Bank 1974 7 9 Gamal Nigm Mohamed Ibrahim A. Gawad
17 Arab Investment Bank 1974 11 17 Mohamed Hani Seif Elnasr Alaa Eldin Fekry
18 Bank Audi 2006 20 34 Mohamed Ahmed Labib Ahmed A. Kader Saad
19 Barclays Bank Egypt 1985 28 54 Edward Marks
20 Blom Bank 2005 17 28 Mohamed Ozlap Hani El Dana
21 Commercial International Bank (CIB) 1975 89 156 Hisham Ezz Elarab Ahmed Maher & Hussein Abaza
22 Credit Agricole Egypt 2006 41 77 Francois Edouard Drion Xavier Musca
23 Egyptian Gulf Bank 1981 13 19 Mohamed Gamal El Din Mahmoud Mohamed Mahmoud El Etreby
24 Emirates NBD 2007 36 61 Giel-Jan M Van Der Tol Shahinaz Fouda & Sahar El Damatti
25 Faisal Islamic Bank of Egypt 1979 12 31 A. Hameed Abu Moussa
26 Housing and Development Bank 1979 23 60 Mohamed Fathi Elsebaei Essam Mohamed Mahmoud
27 HSBC Bank Egypt 1982 55 84 Jacques-Emmanuel Blanchet
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28 Misr Iran Development Bank 1975 10 15 Ismail Hassan Mohammad Ahmed Amr Tantawy
29 National Bank of Kuwait 2007 28 41 Isam J. Al-Sager George Richani
30 Piraeus Bank 2005 18 40 Constantinos St. Loizides Nayera Amin
31 Qatar National Bank Al Ahli 2013 115 163 Mohamed Osman El-Dib Tarek Fayed
32 Societe Arabe Int’l de Banque 1976 15 26 Mohamed Naguib Ibrahim Hassan Ibrahim Abdel Meguid
33 Union National Bank Egypt 2006 14 30 Atef Ossman Ibrahim Eldib Mohamed Mostafa Abdel Atti
Foreign Bank Branches Established Branches
CAIRO
Branches
NOV 2014
President / CEO / CM Vice President, Deputy
34 Arab Bank PLC 1930 25 30 Sabih Taher Masri Samir Farhan Kawar
35 Citibank 1955 9 10 Lamis Negm
36 Mashreq Bank 1967 9 10 Mohamed Ali ------
37 National Bank of Abu Dhabi 1975 17 30 Alex Thursby Abdulla M. S. AbdulRaheem
38 National Bank of Greece 1979 12 18 Mohamed Abou Ghanem George Sochos
39 National Bank of Oman 1980 1 1 Abdul Aziz Saif Zaid Al Mahrizi Yasser Moussa Khalifa
Source: Banks’ Websites, Bank's Annual Report
References
− CBE ECONOMIC REVIEW Vol. 54 No. 3 2013/2014
− CBE Oct 2014 Statistical Bulletin.
− Egyptian Financial Supervisory Authority (EFSA).
− Egypt SE Statistical Bulletin.
− Bloomberg.
− Thomson Reuters EIKON.
− Egypt SE – EGX Monthly Report.
− EGSE Statistical Bulletin.
− CBE Annual Report.
− CBE Website.
− Banks’ Websites.
− Banks’ Annual Reports.