Financial and Banking News
Loans and Financing
One Quarter of Egyptian Public Sector Bank Debt Is Delinquent
According to a report prepared by the Egyptian Government's internal auditorin November last year, nearly one quarter of the public sector banks' loanportfolio is delinquent, representing a total of E4.1bn of bad debt. Thereport includes joint-venture commercial banks which have a public sectorpartner, but exclude private sector banks. The worst delinquency...