{"id":642830,"date":"2017-08-23T03:57:16","date_gmt":"2017-08-23T03:57:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/"},"modified":"2017-08-23T03:57:16","modified_gmt":"2017-08-23T03:57:16","slug":"raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/","title":{"rendered":"Raising interest rates, floating EGP improved banking conditions but dampened investment"},"content":{"rendered":"

<\/a> Raising interest rates, floating EGP improved banking conditions but dampened <\/strong>investments:<\/strong> The CBE\u2019s decision to raise interest rates and float the EGP have improved conditions for the banking sector, said our friend Mohamed Ozalp, CEO at BLOM Bank Egypt. However, the former appears to have slowed investments and dampened consumer demand, Ozalp tells Reuters in an interview<\/a> on Tuesday. \u201cCorporate lending is increasing, but at a slower pace than we had planned,\u201d Ozalp said, adding he expected to see demand for some large loans before year end. Retail loans were also hit by high interest rates, he said, expanding at a lower rate than anticipated.<\/p>\n","protected":false},"excerpt":{"rendered":"

Raising interest rates, floating EGP improved banking conditions but dampened investments: The CBE\u2019s decision to raise interest rates and float the EGP have improved conditions for the banking sector, said our friend Mohamed Ozalp, CEO at BLOM Bank Egypt. However, the former appears to have slowed investments and dampened consumer demand, Ozalp tells Reuters in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642830","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dbd16322-a132-45ee-ad7d-e3e370387abf","order":"0","is_powered_by":true,"section_story_id":"02592ead-a70b-4ed9-91fa-3038ec0b019f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642823],"teaser":"","voice_url":""},"yoast_head":"\nRaising interest rates, floating EGP improved banking conditions but dampened investment - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raising interest rates, floating EGP improved banking conditions but dampened investment\" \/>\n<meta property=\"og:description\" content=\"Raising interest rates, floating EGP improved banking conditions but dampened investments: The CBE\u2019s decision to raise interest rates and float the EGP have improved conditions for the banking sector, said our friend Mohamed Ozalp, CEO at BLOM Bank Egypt. However, the former appears to have slowed investments and dampened consumer demand, Ozalp tells Reuters in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-23T03:57:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raising interest rates, floating EGP improved banking conditions but dampened investment\",\"datePublished\":\"2017-08-23T03:57:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/\"},\"wordCount\":117,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/\",\"name\":\"Raising interest rates, floating EGP improved banking conditions but dampened investment - 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