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FINANCIAL NEWS
Egypt Post Co. deposits hit EGP188bn in H1
09 Jan 2017
(MENAFN) Egypt Post announced that the size of deposits and money invested in the firm reached EGP188bn in the first half of the fiscal years 2016-2017.
Additionally, the company was able to increase the number of saving accounts to 24mn by the end of Dec 2016, compared to 23.1mn in May 2016.
The increase was attributed to the increase in the interest rate on the firm’s accounts to 10.25 percent compared to 8 percent.
Meanwhile, the company produced a surplus of EGP1.041bn in the FY 2015/2016 budget compared to EGP165mn in FY 2014/2015.
M
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