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Total non-CBE banking sector deposits reach EGP 1.26tn: CBE

February 23, 2014

Daily News Egypt



The Central Bank of Egypt

(Abdelazim Saafan/DNE Photo)

The Central Bank of Egypt (CBE) announced that total deposits in the banking sector, apart from the CBE, have risen by approximately EGP 21bn, reaching EGP 1.26tn in November 2013 compared to EGP 1.241tn in October.

The bank, in its latest report issued Wednesday, stated that total government deposits stood at EGP 147.1bn, of which EGP 73.6bn are deposits in local currency and about EGP 73.5bn are deposits in foreign currencies.

The report added that total non-government deposits rose during November to reach around EGP 1.115tn, compared to EGP 1.09tn in the previous month.

The CBE report also pointed out that total non-government deposits in local currency amounted to EGP 899bn; the public business sector accounted for about EGP 21.6bn, the private business sector to EGP 2.13bn, and the household sector to about EGP 743bn.

According to state-run MENA news agency , the report said that the total foreign currency deposits stood at EGP 215.7bn; the public business sector accounted for approximately EGP 12.3bn, the private business sector to EGP 66.8bn, and the household sector to about EGP 132.6bn, while other sectors accounted for EGP 66bn.

Translated from Al Borsa


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Source: Daily News Egypt


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