The private sector's share of total loans to the Egyptian banking sector declined last March to 46.2 percent compared to 51.9 percent by the end of 2023.
Central Bank of Egypt data showed that the decline was the first since March 2019, in which private sector loans accounted for only 36 percent of total credit in Egypt.
Private sector loans accounted for their highest share in 2020 at 63 percent, compared to a 37 percent share for the government sector, while private credit has been gradually declining since the beginning of 2021.
Source (Al Arabiya.net Website, Edited)
