Economic Research | Country Risk Weekly Bulletin | Country Risk Weekly Bulletin 523 | Egyptian banking sector faces significant economic risks | Lebanon | Byblos Bank

You are being redirected to .

Continue Stay on the current website

 

Please Rotate your screen to portrait, for best viewing.

Byblos Bank

Country Risk Weekly Bulletin 523

Home Economic Research Country Risk Weekly Bulletin 523 Egyptian banking sector faces significant ...
|

Egyptian banking sector faces significant economic risks

S&P Global Ratings maintained Egypt's Banking Industry Country Risk Assessment (BICRA) in 'Group 10', with an economic risk score of '10' and an industry risk score of '8'. The BICRA framework evaluates banking systems based on economic and industry risks facing a banking sector, with 'Group 10' including the riskiest banking sectors. Other countries in BICRA's 'Group 10' include Belarus, Greece, Nigeria and Ukraine. S&P indicated that Egypt's economic risk score reflects its "extremely high risks" in its economic resilience and credit risks in the economy, as well as "high risks" in its economic imbalances. It expected banks to face rising credit losses in the short term, mainly due to the inflationary pressure caused by the devaluation of the Egyptian pound and the government's fiscal consolidation. It anticipated the banks' non-performing loans ratio to gradually increase from 5.5% at end-June 2017 to 5.9% at end-June 2018. In addition, it said that banks remain highly exposed to the sovereign, with their holdings of sovereign debt equivalent to about 50% of their aggregate assets at the end of June 2017. 
Source: S&P Global Ratings
Show LessShow More

Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

Select
Cookies Information

To optimize this website's functionality, we may utilize cookies, which are small data files stored on your device. This common practice helps improve your browsing experience.

Change Settings Accept
Privacy settings

Choose which cookies you wish to enable.
You can change these settings at any time. However, this can result in some functions no longer being available. For more information on deleting cookies, please consult your browser help function.
LEARN MORE ABOUT THE COOKIES WE USE.

Use the slider to enable or disable various types of cookies:

Necessary
Functionality
Analytics
Marketing

This website will:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location

This website won't:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location


Save And Close