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Consumer credit slightly increased in 2019 compared to late 2018: Trading Economics - Daily News Egypt

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Consumer credit slightly increased in 2019 compared to late 2018: Trading Economics

According to Trading Economics-a leading tracker of 196 countries for more than 20m economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices-consumer credit in Egypt increased to EGP 317,376m in January 2019, from EGP 312,427m in December 2018. Consumer credit in Egypt averaged EGP 12,300,9.84m from 2004 until 2019, reaching an …


According to Trading Economics-a leading tracker of 196 countries for more than 20m economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices-consumer credit in Egypt increased to EGP 317,376m in January 2019, from EGP 312,427m in December 2018.

Consumer credit in Egypt averaged EGP 12,300,9.84m from 2004 until 2019, reaching an all-time high of EGP 317,376m in January 2019, and a record low of EGP 37,957m in August 2004.

In the meantime, consumer spending in Egypt decreased to EGP 880bn in the second quarter (Q2) of 2018 from EGP 896bn in Q1 of 2018. Furthermore, consumer spending in Egypt averaged EGP 314.12bn from 2001 until 2018, reaching an all-time high of EGP 1026bn in Q3 of 2017 and a record low of EGP 63bn in Q2 of 2002.

On the other hand, bank lending rates in Egypt increased to 18.10% in January 2019 from 17.80% in December 2018, and averaged 13.87% from 1991 until 2019, reaching an all-time high of 21.15% in November 1991 and a record low of 10.60% in February of 2011.

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https://www.dailynewsegypt.com/2019/03/27/consumer-credit-slightly-increased-in-2019-compared-to-late-2018-trading-economics/
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