Egypt's banking system has a stable outlook for 2016 benefiting from low oil prices, Moody's Credit Rating said.

Despite slowing growth, opportunities for financial inclusion and GDP growth that reached 4% will drive credit growth of 10%-12%, according to Moody's report entitled "Banking - Africa: 2016 Outlook" out Tuesday.

Moody's considered several Egyptian banks, including Banque du Caire, Bank of Alexandria and the National Bank of Egypt, as stable.