Egyptian Banks’ deposits rise to 3.606 trillion pounds in August

Big 5

A recent report by the Central Bank of Egypt (CBE) showed that deposits in the banking sector rose slightly at the end of August to 3.606 trillion pounds, compared with 3.586 trillion pounds at the end of July.

Governmental deposits reached 523.3 billion pounds at the end of August, compared with 538.4 billion pounds in July.

The CBE revealed that the country’s net international reserves reached $44.5 billion by the end of September 2018.

Data showed on Thursday an increase of $200 million or nearly 0.5 percent during the first quarter of financial year 2018/2019.