CBE unveils key banking soundness metrics for 2023.

The Central Bank of Egypt (CBE) revealed improved banking soundness metrics for 2023, with non-performing loans (NPLs) decreasing to 3% from 3.5% in Q1, and banks' capital base to risk-weighted assets ratio increasing to 18.6%. Banks set aside provisions covering 88.7% of total NPLs, with a coverage ratio of 95.2% among the 10 largest banks. Total customer deposits reached nearly EGP 10 trillion by year-end 2023.

March 24, 2024
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