Deposits Held By Banking Sector Rose To EGP 1.035 Trillion In August

By Administrator On Nov 6, 2012

The volume of deposits held by the Egyptian banking sector witnessed an increase of EGP 46.457 billion (4.7%) in the first nine months of 2012 as it reached EGP 1.035 trillion at the end of last August, up from EGP 989.4 trillion at the end of December, 2011.

According to the Central Bank of Egypt’s latest report, the non-government deposits registered an increase of EGP 920 billion; of which local-currency deposits registered EGP 728.5 billion and foreign-currency deposits reached EGP 191.5 billion.

The government deposits reached EGP 115.8 billion; of which local-currency deposits accounted for EGP 62.8 billion and foreign-currency deposits accounted for EGP 52.9 billion.

The report indicated that foreign-currency deposits accounted for 20.5% of the total volume of deposits held by the Egyptian banking sector.