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Industrial sector loans on the rise, says Egypt’s central bank

Egypt's central bank has said financing from banks to the country's industrial sector saw rose by EGP1.6bn to a total of EGP155bn in April 2012, compared with EGP153.4bn in the previous month, the Daily News Egypt has reported. Loans in Egyptian pounds during the month rose to EGP102.3bn, compared with EGP101.5bn in March, and those in foreign currency also climbed to EGP52.7bn as opposed to EGP51.9bn in March, the central bank said.