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Trade Publication Article
A VISION OF HOPE
2018
Overview
Commercial International Bank, the largest private lender in Egypt, saw its full-year net income increase by 25% over the periods with a return on average assets of 2.69% and a return on average equity of 32.5%. According to Moody's, this will help banks to make credit decisions and augment their capacity to secure movable collateral including, but not limited to, clients' machinery and crops. According to research from the Oxford Business Group, the central bank has allowed lenders to finance SME loans from their noninterest bearing regulatory reserves. According to AAIB, the initiative has provided capacity-building programmes that have benefited 60% of the Egyptian financial industry.
