Clients deposits on Egypt Post hit $19bn late-March

The volume of clients’ deposits on Egypt Post rose at the end of March 2016 to 174 billion Egyptian pounds (US$19.5 billion), chairman Essam El-Sagheer announced.

Speaking to Amwal Al Ghad Sunday, the chairman stated that this rise attributes to high returns on authority’s investments in the National Investment Bank in addition to securities portfolios and funds.

The official pointed out that Egypt Post is the second biggest financial institution nationwide totalling 22 million clients.

He further asserted that the authority is planning to mechanise 412 offices by the end of this year yet it is set to mechanise 90 percent of its offices so as to make it easier for both clients and employees.