Egypt banking sector assets rise 4.2% in July –

Total assets of banks operating in the Egyptian market other than the Central Bank of Egypt has increased by 4.2 percent during the first three months of the current Fiscal year 2018/19.

According to the CBE report, the total value of banks combined has registered 5.293 Trillion Egyptian pounds in September 2018 compared to 5.081 Trillion  in June 2018.

However, the total value of the banks’ capital has increased to register 150 billion pounds, while the reserves have posted 201.1 billion pounds.

on the other hand, Total deposits at the banking system, excluding the Central Bank, increased by  38 billion pounds, to reach 3.64 pounds trillion by the end of September, compared to  3.61 pounds trillion by the end of August.

CBE said that total government deposits amounted to  521.9 billion pounds, of which 425.5 billion pounds were in the local currency and 96.3 pounds billion were in foreign currencies