Hisham Ramez: Success of Upcoming Period not to Reflect on Egypt onlySource: www.export-egypt.com 3/14/2015, Location: Africa |
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The success of the upcoming period will not only be reflected in a positive way on Egypt but will also include the entire region, affirmed Central Bank of Egypt (CBE) Governor Hisham Ramez.
In his speech during Egypt Economic Development Conference (EEDC), which is currently being held in Sharm el Sheikh, Ramez said that the real challenge started in 2011 and the political changes which affected the country. Also, the tourism sector was greatly affected during this period and the capital as well, he went on to say. Despite the great challenges, the CBE dealt seriously with the market fears, he added. The CBE also managed to fulfill obligations related to importing main goods, he added. The total volume of assets increased by 53% and the volume of deposits went up by 65%, he noted. Also, the volume of loans inched up by 37%, he said, expecting more growth within the coming period. |
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