By: Islam Fadl
Cairo – Mubasher: Total retail funding provided by banks in Egypt amounted to EGP 350 billion, the deputy chairman of Banque du Caire Hazem Hegazy said.
The reduction in interest rates has boosted retail, government, and corporate lending, Hegazy added during a conference held in Cairo on Wednesday.
In addition, lower interest rates also contributed to increasing production and supply, leading a drop in prices in the Egyptian market.
