Egypt banking system outlook stable on robust growth, high liquidity – Saudi Gazette

Egypt banking system outlook stable on robust growth, high liquidity – Saudi Gazette

The economy is growing robustly - we project real GDP growth of 5.8% in 2020 - supported by declining interest rates," said Constantinos Kypreos, Senior Vice President at Moody's. ". Egyptian banks are heavily invested in government securities (33% of banking sector assets as of October 2019) and this links their creditworthiness to the sovereigns.. Nonperforming loans (NPLs) at Egyptian banks dropped to 4.5% of total loans in. Egyptian banks reported an aggregate Tier 1 capital ratio of 15.5% and an equity-to-assets ratio of 7.2% as of September 2019. ". The adjusted Tier 1 ratio drops by around 7 percentage points, and we consider capital buffers to be modest. ".