However, last year, several construction companies renewed all their tools and equipment after the activity returned strongly. He explained that during 2016, NBE increased the credit limit of the construction sector from EGP 20bn to EGP 30bn, then to EGP 40bn. Mohamed Fayed, deputy chairperson and managing director at Audi Bank Egypt, said that the real estate construction sectors acquire a good ratio of loan portfolios in banks. She added that the construction sector represents the largest financing ratio among the other sectors financed by banks. When banks deal with SMEs or real estate financing companies, they consider many elements to determine the size of risks.

Source: Daily News Egypt March 20, 2017 10:07 UTC