Egypt central bank reports fall in bank liquidity

EGYPT - The central bank has revealed a continued downturn in commercial banks' performance over the past period. Rates of capital efficiency and of net profits and incomes have gone down. Also, the banks' liquidity crunch has worsened due to a decline in investment in commercial papers and in deposits, which has reflected on banks' loans to the various economic sectors.

The central bank stressed that shareholders' rights have dropped by 0.04 per cent to reach 4.8 per cent of aggregate assets.

To continue reading...