Forecast: Number of Commercial Bank Branches in Egypt

The number of commercial bank branches in Egypt per hundred thousand adults showed steady growth from 2013 to 2023, with a more pronounced increase starting in 2019. Between 2013 and 2018, the annual growth rate was modest, averaging between 0.44% to 1.82%. A significant spike occurred in 2019 with a 33.07% year-on-year increase, suggesting a notable expansion in branch networks. Growth continued at a slower but steady pace thereafter. As of 2023, the value stood at 7.12 units per hundred thousand adults. The last five years' CAGR was 7.37%, reflecting sustained development in the banking sector.

Future trends indicate that, although growth will continue, it will do so at a slower pace compared to previous high-growth periods. The forecast CAGR for the next five years is 1.73%, with an overall growth rate of 8.93% through 2028. Trends to watch include digital banking adoption, regulatory changes, and economic factors that might influence traditional brick-and-mortar bank branches' expansion in the coming years.