Fitch Ratings revises Egyptian banks’ operating environment outlook to stable, expects GDP growth to hit 6% in FY2021/22

Fitch Ratings revises Egyptian banks’ operating environment outlook to stable, expects GDP growth to hit 6% in FY2021/22

Pressures on the Egyptian banks’ credit profiles and viability ratings have eased after improvements to the operating environment were made by the end of the third quarter of 2020