The Egyptian Central Bank estimated the value of total credit granted by the banking sector in the third quarter of 2001, from July to October, at 10.7 billion Egyptian Pounds (two billion dollars), reported Al-Sharq Al-Awsat . This figure translates into a 4.4 percent growth compared with the same quarter in the previous year. The bank also reported that local; private business sector controlled 68 percent of the total credit granted in the third quarter of 2001. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
