Number of banks reached 38.0 banks in 2019 in Egypt, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Egypt reached an all time high of 53.0 banks in 2004 and an all time low of banks in. When compared to Egypt's main peers, number of banks in Israel amounted to 14.0 banks and 25.0 banks in Saudi Arabia in 2019.
Egypt has been ranked 44th within the group of 140 countries we follow in terms of number of banks, 2 places above the position seen 10 years ago.