The Impact of Foreign Banks entry in Egyptian Banking Sector on Local Banks Profitability and Performance

Document Type : Original Article

Authors

Cairo university

Abstract

This study examines the impact of foreign banks' admission on the local banks working in Egypt during the period (2011-2021); the study counts on Central Bank of Egypt's (CBE) reports to access bank data and employ the World Bank database to identify macroeconomic variables. A multiple regression model was structured to examine the impact of foreign banks' admission on local banks by reviewing previous studies to select study variables. The study found a negative impact of foreign banks' entry on the local bank's performance during the mentioned period.

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