The head of Egypt’s largest bank has said that the country’s banking sector holds assets of 27.6 trillion Egyptian pounds (about $550 billion), with the National Bank of Egypt accounting for 10.9 trillion pounds (about $218 billion) of that.
Mohamed El-Etreby, the bank’s chief executive, gave the figures at the “People and Banks” conference. The sector total excludes the central bank.
Deposits across the sector stand at about 17.1 trillion pounds, of which the National Bank holds roughly 6.7 trillion, he said.
Total lending in the banking sector is about 11.6 trillion pounds, with the National Bank’s loan portfolio at about 6.2 trillion, he said.
