Egypt's banking system has a stable outlook for 2016
Central bank Egypt
Cairo - MENA
Egypt's banking system has a stable outlook for 2016 benefiting from low oil prices, Moody's Credit Rating said.
Despite slowing growth, opportunities for financial inclusion and GDP growth that reached 4% will drive credit growth of 10%-12%, according to Moody's report entitled "Banking - Africa: 2016 Outlook" out Tuesday.
Moody's considered several Egyptian banks, including Banque du Caire, Bank of Alexandria and the National Bank of Egypt, as stable.
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