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FINANCIAL NEWS
Egypt’s deposits volume amount to USD4.95b in July
19 Oct 2015
(MENAFN) The Central Bank of Egypt (CBE) has revealed several important indicators on the performance of banks operating in the domestic market during July.
The most important of these indicators is the success of the Egyptian banking sector to attract deposits amounting to USD4.95 billion in July reaching USD223.73 billion.
Deposits in local currency rose by USD3.08 billion to USD175.94 billion in July, compared to USD172.92 billion in June. In foreign currency, deposits rose by USD1.86 billion to reach USD46.48 billion.
According to CBE, total deposits in banks during July increased by about 18.5 percent, where there was an increase by 19.5 percent in local currency and 14.1 percent in foreign currency.
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