Bank’s deposits rise to LE 3.82T by end of December

BY

Thu, 28 Feb 2019 - 02:49 GMT

FILE - CBE

FILE - CBE

CAIRO – 28 February 2019: Total deposits at the banking system, excluding the Central Bank, rose by LE 57 billion, to reach LE 3.82 trillion by the end of December 2018, compared to LE 3.76 trillion by the end of November, according to the Central Bank of Egypt.

CBE said that the total government deposits amounted to LE 613.6 billion, LE 498.2 billion of which were in the local currency and LE 115 billion were in foreign currencies.

It pointed out that the total non-governmental deposits until December recorded LE 3.2 trillion, compared to LE 3.16 trillion in the previous month.

The total foreign currency deposits hit LE 751 billion, where the public business sector contributed to this figure by LE 40.7 billion, the private sector allocated LE 1 billion and the family sector recorded LE 503.5 billion.

By the end of September, the total deposits at the banking system, excluding the Central Bank, increased by LE 38 billion, to reach LE 3.64 trillion, compared to LE 3.61 trillion by the end of August.

CBE announced earlier that banks’ deposits marked an increase of LE 527 billion in fiscal year 2017/2018, recording about LE 3.569 trillion by the end of June 2018, compared to LE 3.042 trillion in June 2017.

Banks' deposits hit LE3.56T in 2017/18:CBE

CAIRO - 25 November 2018: Banks' deposits marked an increase of LE 527 billion in fiscal year 2017/2018, recording about LE 3.569 trillion ($199.18 billion) by the end of June 2018, compared to LE 3.042 trillion in June 2017, according to the Central Bank of Egypt (CBE).



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