Egypt Basic Data

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EgyptBasic Data

• Land Area about one million sq. Km. Egypt is
  considered eleventh largest among IDB member
  countries. Located in the Eastern North of
  Africa, surrounded by Mediterranean sea to the
  north, Red sea and Aqaba gulf to the east, Libya
  to the west, and Sudan to the south.

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Basic Data

• Population 68 million (as estimated in mid
  2002). The actual population density is about
  1100 because the majority are living around the
  Nile river (only 5 from the land area). Average
  annual growth rate of population is 2.1. Life
  expectency at birth is 63 years.
• Main Towns Cairo (Capital), Alexandria,
  Ismailia, Suez, and Port Said.

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Basic Data

• Language Arabic
• Measures Metric System
• Currency Egyptian Pound (LE). Annual Average
  Exchange Rate in 2004 is 1LE6.5
• Time 2-3 hours ahead of GMT (Winter and Summer
  local mean time)

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Key Economic Indicators
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Nominal and Real GDP
All the years in this presentation are interval
years that start July 1 and end June 30 All
numbers are in Billions of LE unless otherwise
indicated
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Real GDP Growth Rate Real GDP Growth Rate Per
Capita
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Agriculture
Govrnt Social Services
Industry Mining
Trade Finance Insurance
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Agriculture
Industry Mining
Trade Finance Insurance
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Share of Private sector in Nominal GDP
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Gross Domestic ProductTotal Uses (LE billion)
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Components of Final Consumption
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Domestic Savings Investment Ratios to GDP
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Real GDP and Gross domestic Investment
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Annual Inflation Rate Unemployment Rates
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Fiscal Policy Indicators
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Percentage of Government Debt to Nominal GDP
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Nominal GDP, Govrnt Domestic Debt, Govrnt
Debt/GDP
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Interest Wages
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Balance of Payments and Foreign Trade Indicators
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Overall Balance
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Non-Oil Exports Total Importsin US millions
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Total External Debt Debt types
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External Private Sector Debtin US millions
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Total External Debt to GDP Debt Service Ratio
Debt service to total exports of goods and
services
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Monetary Policy Indicators
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M2 Growth Rates, Annual Inflation and Nominal
Interest Rates
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Broad Money and Narrow Money
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Annual Inflation and Nominal Interest Rate
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Annual Inflation Nominal Interest Rate
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Exchange Rate
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Exchange Rate and Dollarization Rate
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Financial Sector in Egypt
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Structure of Egyptian Banking System
Central Bank of Egypt
Commercial Banks
Business Investment Banks
Specialized Banks
Public Sector Banks (4)
Private Joint Venture Banks (24)
Off-Shore Banks (21)
Private Joint Venture Banks (11)
Industrial
Real Estate
Agricultural
Industrial Development Banks
Real Estate Banks
Principal Bank for Development and Agricultural
Credit
Branches (883)
Branches (90)
Branches (14)
Branches (22)
Branches (976)
Branches (42)
Branches (298)
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1- Banking Systema. Total Assets (LE Million)
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b. Total Deposits(LE million)
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c. Loans and Discounts (LE Million)
Source Central Bank of Egypt (CBE) Annual Report
2001/2002
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Loans Credits (Excluding Discounts) By Type
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2- Stock Exchange Market
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Annual Return, P/E Ratio, Annual Volatility
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Volume of Trading, Turnover Ratio, No. of
Companies Traded
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Emerging Market Indicators - End December 2000
(unless otherwise stated)
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3- Insurance SectorMarket Structure and New
Entries

• The Egyptian insurance market is principally
  composed of the Supreme Insurance Council, the
  EISA, the Insurance Federation of Egypt, a number
  of insurance companies, a specialized reinsurance
  company, a number of private pension funds,
  insurance cooperative association, the Government
  Insurance Fund, insurance pools, the cargo
  Supervision Surveying Office of Egypt, and the
  Insurance Institute for Training Middle
  Management.

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• As well as one state-owned reinsurance firm
  (Egypt Re.) and three public sector insurance
  companies (Misr, Al Charq, and National), there
  are several private companies in Egypt Suez
  Canal, Mohandes, Delta, Pharaonic (of which AIG
  has purchased 90), Arab Misr Insurance Group
  AMIG, Alico, Egyptian American Insurance,
  Commercial International Life Insurance (CIL),
  and the Egyptian Compnay for Export Guarantee. In
  addition, two recently privatized companies
  operate in the free zone are the Egyptian
  Insurance Company, and the Arab International
  Insurance Company. The latter recently acquired
  EISAs approval to operate onshore.

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• The public sector represents 73.3 of the
  insurance market, while the private sector
  represents 26.7.
• In line with the governments program encouraging
  private sector participation. Several insurance
  companies have entered the Egyptian market, while
  many others have expressed interest (four are in
  the pipeline). CIL, a joint venture between UKs
  Legal and General and the Commercial
  International Bank of Egypt (CIB), started
  operations in April 2000.

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• Two new entrants to the field of life insurance
  have obtained approval and are expected to begin
  operations soon Al Ahram Insurance Company (in
  which Royal and Sun Alliance has a major stake)
  and the Arab International Life Insurance Company
  (Allianz Insurance Co.).
• The 600 private pension funds operating in Egypt
  operate mainly in the life and retirement
  insurance sectors. This indicates that life
  insurance has been marketed successfully as a
  group product through institutions in the private
  sector.

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• Private funds invested about LE 390 million in
  the capital market from their contributions,
  which amounted to LE 1gt352 billion in 2000/01.
• As for companies, direct premiums (life and
  non-life) increased from LE2.016 billion in
  1999/2000 to LE2.113 billion in 2000/01.
•  
• Insurance companies invested a total of LE11.1
  million in 2000/01, while pension funds invested
  LE8.1 million in the same year.

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• Total Asset amount to LE14.4 billion in 2000/01,
  compared to LE13.6 billion in 1999/2000 a
  growth rate of 8.1.
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• According to EISAs annual report, total
  insurance premiums represented 1 of GDP in
  2000/01. in similar economies, the percentage
  ranges from 4 to 5. Egypts insurance market
  therefore still has potential for growth.

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The formal financial system does not play any
significant role in the provision of financial
support to start-ups or to existing
micro-enterprises.
State of the Art of Micro Finance
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Micro Finance State of the Art
Government Organizations
Non-government Organizations
Foreign Grants
Social Development Fund
Government
Commercial Banks
Commercial Banks
Religious Institutions
Credit Associations
Mosques (zakat)
Local Rotating Savings
Businessmen societies
Churches
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Sources

• Ministry of Foreign Trade, Monthly Economic
  Digest , Cairo, Egypt.
• Central Bank of Egypt, Annual Report, various
  editions, Cairo, Egypt.
• Central Bank of Egypt,Economic Journal, various
  editions, Cairo, Egypt.
• Ministry of Finance, Public Budget, various
  editions, Cairo, Egypt.

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Thank You