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Moody’s: Egyptian banking system to stable
Moody's Investors Service said it changed the outlook for Egypt's banking system to stable from negative, reflecting its expectation that banks' funding and liquidity positions will remain strong amid improving operating conditions over the next 12-18 months.
"We expect that Egypt's banking system will benefit from improved operating conditions, resulting in rising consumer confidence and business investments, which in turn will support loan growth and asset quality," Melina Skouridou, Moody's lead analyst for Egyptian banks, said in a news release.
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