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FINANCIAL NEWS
Increase in Egyptian Banks’ Deposits by EGP65bn
20 Aug 2016
(MENAFN) An Increase in the total volume of deposits at banks operating in the Egyptian market, by EGP65b in May, recording EGP2.079tr, from EGP 2.014tr in April.
The total volume of governmental deposits recorded EGP 350.8bn, of which EGP 253.2bn was in Egyptian pounds and EGP 79.5 was in hard cash, according to the CBE’s monthly bulletin on the performance of banks in the Egyptian market.
Accordingly, the non-government deposits grew in May to EGP1.728tr, from EGP1.697tr in April, and it recorded in local currency EGP1.4tr.
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