Banking deposits up LE 2B in two months

CAIRO – 31 July 2017: The total value of deposits in the Egyptian banking system registered LE 2.9 billion ($161.9 million), according to the Central Bank of Egypt (CBE).

In a report published Monday, the CBE explained that the figure is LE 200 billion ($11.16 billion) down from LE 2.7 trillion recorded in February 2017.

The volume of market liquidity was recorded as LE 2.7 trillion at the end of April, marking a LE 690 billion increase from July 2016 to April 2017.

By January, the total value of deposits recorded LE 2.82 trillion. Non-government deposits declined in February to LE 2.59 trillion, compared to LE 2.34 trillion in January.

Meanwhile, the total government deposits were LE 455.2 billion by February; LE 291 billion in local currency, while the remaining LE 163.6 billion is in foreign currency.