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Egyptian banks’ deposits hit EGP 4.18trln end November 2019

Egyptian banks’ deposits hit EGP 4.18trln end November 2019
Total government deposits fell by EGP 11.2 billion

Cairo – Mubasher: Total deposits at Egyptian banks hiked by EGP 17 billion to EGP 4.183 trillion at the end of November 2019, compared to EGP 4.166 trillion a month earlier.

Total government deposits fell by EGP 11.2 billion month-on-month to EGP 612.5 billion at the end of last November from EGP 623.7 billion, according to the monthly statistical bulletin released by the Central Bank of Egypt (CBE).

Government deposits in local currency reached EGP 537.1 billion, while government deposits in foreign currency stood at EGP 75.4 billion, data showed.

In addition, non-governmental deposits grew to EGP 3.570 trillion at the end of last November, compared to EGP 3.542 trillion at the end of October.

Non-governmental deposits in local currency increased to EGP 2.901 trillion, while non-governmental deposits in foreign currency retreated to EGP 668.9 billion.

Loans and credit facilities

Total loans provided to banks’ customers, excluding the CBE, surged by EGP 12 billion to EGP 1.825 trillion at the end of last November, compared to EGP 1.813 trillion a month earlier.

Loans provided to the government amounted to EGP 484 billion, including EGP 239.7 billion in local currency and EGP 245 billion in foreign currency.

Meanwhile, non-governmental loans totalled EGP 1.340 trillion, including EGP 107.7 billion in local currency.