The total volume of deposits at banks operating in the Egyptian market, aside from the Central Bank of Egypt (CBE), increased by EGP 65bn in May, registering EGP 2.079tn from EGP 2.014tn in April.
The CBE’s monthly bulletin on the performance of banks in the Egyptian market showed that 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.
The report noted that non-government deposits increased in May to reach EGP 1.728tn, from EGP 1.697tn in April. Moreover, the size of non-government deposits in local currency recorded EGP 1.4tn, of which the public business sector acquired EGP 44.8bn; the private business sector EGP 262.8bn; and the household sector EGP 1.08tn.
The total foreign currency deposits amounted to EGP 323.3bn, of which public business acquired EGP 17.6bn; the private sector EGP 99.4bn; and the household sector EGP 202bn. The remaining sectors combined acquired EGP 42.6bn.