EGP 1.843tn increase in banks’ deposits at end of September

Total deposits of the banking system, other than the deposits of the Central Bank of Egypt (CBE), hiked by about 34 billion pounds to reach last September to 1.843 trillion pounds compared to 1.809 trillion pounds in August, the CBE said on Monday.

The government’s total deposits reached 289 billion pounds, 202.3 billion pounds of which are local currency deposits and about 86.6 billion pounds are foreign currency deposits, according to a CBE statement, of which MENA obtained a copy.

The non-governmental total deposits increased during last September to reach about 1.554 trillion pounds compared to 1.533 trillion pounds in the previous month, added the statement.

CBE’s statement also pointed that the non-governmental total deposits in the local currency amounted to 1.274 trillion pounds, where the public sector’s share accounted for about 37.8 billion pounds.