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17.4% increase in total bank deposits balance in 2017/18: CAPMAS

Total deposits balance increased in 2017/18 to reach EGP 3553.6bn, with an increase of 17.4% with the household and private business sectors having the greatest impact on high deposits. The Central Agency for Public Mobilisation and Statistics (CAPMAS) has issued the annual statistical bulletin for deposits and credit. It included information on the evolution of …

Hossam Mounir

Deposits, commercial accounts in banks rose to EGP 3bn: CAPMAS

The Central Agency for Public Mobilisation and Statistics (CAPMAS) data has shown that the financial position of the banks rose to reach EGP 4261.3bn for 2016/17 with a rate of increase 49.7% for 2015/16. The increase has reached EGP 1415.2bn due to the increase in the deposits and commercial accounts at a value of EGP …

Fatma Elkholosy

Deposits up EGP 65bn, loans rise EGP 23bn in January 2018: CBE

The volume of deposits at banks operating in the domestic market jumped in January 2018 to EGP 3.39tn from EGP 3.32tn in December 2017, an increase of EGP 65bn, according to the Central Bank of Egypt (CBE). In its recent report, the CBE said that total government deposits increased in January 2018 to about EGP …

Hossam Mounir

Egypt’s bank deposits rise EGP 55bn in November 2017: CBE

The Central Bank of Egypt (CBE) announced that total bank deposits rose by EGP 55bn in November 2017. This brought total deposits to EGP 3.273tn at the end of November 2017 compared to EGP 3.218tn in October 2017. The CBE said that non-government bank deposits also rose by EGP 50bn at the end of November …

Daily News Egypt

Deposits portfolio reached EGP 3.124tn

The size of the banks’ deposits portfolio reached EGP 3.124tn at the end of August 2017, up from EGP 3.071tn at the end of July, an increase of EGP 53bn, according to the Central Bank of Egypt (CBE). The CBE noted that government deposits rose to a record EGP 529.4bn by the end of August, …

Daily News Egypt

Household sector acquires 75.3% of total deposits in banks in May: CBE

The household sector acquired 75.3% of the total deposits in banks in May, according to a recently issued report by the Central Bank of Egypt (CBE). The bank stated in its report that the household sector acquired about 78% of the total local currency deposits and about 63.3% of the total foreign currency deposits. According …

Hossam Mounir

Leading the way among traditional banks offering Sharia-compliant services is Banque Misr, with a total of EGP 22bn in Sharia-compliant transactions. (Photo:DNE)

EGP 65bn increase in deposits at banks in May

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 …

Daily News Egypt