Egyptian Post Says Deposits Surged by EGP 7 bln June- End 2013

An official documents of the Egyptian National Post Authority have revealed that the total deposits at the end of last June estimated at EGP 7.140 billion went up by EGP 122 billion, explaining that the total disbursements reached EGP 5.774 billion in the various savings accounts of the Authority.

The documents said the savings accounts have witnessed EGP 4.5 billion disbursement, explaining that the total deposits  at the end of June up EGP 3.95 billion against EGP 5.4 billion at the end of May, registering 27% monthly decline.

The documents explained to Amwal Al Ghad that the total disbursements from the current account are around EGP 55 million at the end of June, whereas the deposits reached around EGP 36.8 million, recording about 26% annual growth rate.