Deposits Held By Egypt’s Banking Sector Rose EGP 12.9 Bln In Oct. 2012

The volume of deposits held by the Egyptian banking sector witnessed an increase of EGP 12.9 billion (1.2%), registering EGP 1.063 trillion at the end of last October, up from EGP 1.050 trillion at the end of September, 2012.

According to the Central Bank of Egypt’s latest report, the government deposits witnessed a decline of EGP 382 million (0.32%) as they fell from EGP 116.8 at the end of last September to EGP 116.4 billion at the end of last October; of which local-currency deposits accounted for EGP 62.5 billion and foreign-currency deposits accounted for EGP 53.9 billion.

The non-government deposits registered an increase of EGP 946.9 billion (1.4%) as they rose from EGP 933.6 billion at the end of last September to EGP 946.9 billion at the end of last October; of which local-currency deposits registered EGP 752.5 billion and foreign-currency deposits reached EGP 194.4 billion.