Why Egyptian Banks Are Appealing

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About: VanEck Vectors Egypt Index ETF (EGPT), Includes: CIBEY
by: Dylan Waller
This article is exclusive for subscribers.
Dylan Waller
ETF investing, foreign companies, gold & precious metals, contrarian
Summary

Egypt’s macroeconomic state is favorable compared to that of other MSCI frontier and emerging markets, as the economy has witnessed notable improvements since 2016.

Investing in Egyptian banks is one of the best ways to gain exposure to Egypt’s long-term growth narrative.

Another long-term catalyst for the growth of Egypt’s banking sector includes the current large unbanked population in the country.

This article provides an overview of an Egyptian bank that US investors can invest in, as well as an ETF that invests in banks in Egypt.

Opportunity Overview

Egypt's macroeconomic state is favorable compared to that of other MSCI frontier and emerging markets, as the economy has witnessed notable improvements since 2016. Egypt's inflation has declined from the double-digit peaks during