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Egypt Banking & Financial Services Report Q4 2017

Egypt Banking & Financial Services Report Q4 2017

BMI View:

The financial services sector's GVA is set to see 13.8% growth in local currency terms in 2017,rising to EGP138.3bn. However, depreciation of the Egyptian pound following floatation in Q416 willensure a 36.4% decline in the value of the market in USD terms to USD7.68bn. By 2026, we envisage thesector will reach EGP359.8bn (USD13.58bn), an increase of 160% in EGP terms and 77% in USD terms.

The main story in the short term will be the ongoing effects of the decline in the Egyptian pound's value onthe attractiveness of the market for investors and the impact of resulting inflation in activity. However, inthe context of better economic and political prospects and the support of the IMF, the situation is lookingmore optimistic.

Latest Trends And Developments

The Egyptian banking sector has proven that it is resilient in the face of immense political and economicchallenges. While risks remain, there are significant growth opportunities for a sector that has significantliquidity and a large unbanked population. Depreciation of the Egyptian pound against the US dollar haschallenged the banking sector. While assets growth has been strong in local currency terms, inflation anddepreciation have undermined the attractiveness of the sector to foreign investors, although expectedexchange rate stability should ensure renewed interest. In 2017, total banking assets are set to grow by athird and by 2026 should be up 175% over 2016 levels. However, assets as a proportion of GDP are set todecline from around 135% to under 100% over this period.


BMI Industry View
Banking & Financial Services Industry View
Table: Financial Services Forecasts (Egypt 2015-2020)
Table: Financial Services Forecasts (Egypt 2021-2026)
SWOT
Banking & Financial Services
Banking
Banking Snapshot
Forecast Scenario
Table: Key Banking Forecasts (Egypt 2015-2021)
Table: Egypt - Banking Sector Risk Snapshot
Forecast Tables
Table: Assets Forecasts (Egypt 2015-2020)
Table: Assets Forecasts (Egypt 2021-2026)
Table: Liabilities Forecasts (Egypt 2015-2020)
Table: Liabilities Forecasts (Egypt 2021-2026)
Table: Key Ratios Forecasts (Egypt 2015-2026)
Competitive Landscape
Table: Top 10 Commercial And Retail Banks By Total Assets, EGPmn
Table: Top 10 Banks - Asset Quality
Table: Top 10 Banks - Earnings And Profitability
Table: Top 10 Banks - Capital & Leverage
Table: Top 10 Banks - Funding & Liquidity
Regulatory Environment
Insurance
Insurance Snapshot
Table: Gross Insurance Premiums Written (Egypt 2015-2020)
Table: Gross Insurance Premiums Written (Egypt 2021-2026)
Competitive Landscape
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Table: Egyptian Mutual Funds: Performance Of Open-Ended Balanced Funds At End-2016
Table: Egyptian Mutual Funds: Performance Of Open-Ended Equity Funds At End-2016
Table: Egyptian Mutual Funds: Performance Of Open-Ended Money Market Funds At End-2016
Table: Egyptian Mutual Funds: Performance Of Open-Ended Fixed Income Funds At End-2016
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Table: Sectors in terms of Volume Traded
Table: Egyptian Exchange Indicators
Table: Enter table header
Table: NILEX Indicators
Regulatory Environment
Macroeconomic Overview
Economic Growth Outlook
Not Just Hot Money
Household Spending Will Remain Constrained
Macroeconomic Forecasts
Table: Macroeconomic Indicators (Egypt 2016-2026)
Household Income Data
Table: Household Income Data (Egypt 2015-2021)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Egypt 1990-2025)
Table: Key Population Ratios (Egypt 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Egypt 1990-2025)
Table: Population By Age Group (Egypt 1990-2025)
Table: Population By Age Group % (Egypt 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology

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