CBE: Banking Sector Capital Exceeds EGP 202 Billion

The capital of banks operating in the Egyptian market increased by EGP 3.18 billion to reach EGP 201.7 billion by the end of October 2021, compared to EGP 198.5 billion at the end of September.

The monthly statistical bulletin issued by the Central Bank of Egypt  (CBE) recently revealed that banks’ allocations rose to EGP 183.9 billion at the end of October, compared to EGP 178 billion, month-on-month.

Balances of credit facilities in banks increased by EGP 47.37 billion to reach EGP 2.996 trillion at the end of October, compared to EGP 2.948 trillion (MoM).

The government acquired EGP 1.12 trillion of total credit balances granted by banks at the end of October, including EGP 802.9 billion in local currency and EGP 317.6 billion in foreign currency.

While the facilities granted to non-government accounted for EGP 1.875 trillion, of which EGP 1.629 trillion in local currency, and EGP 246.38 billion in foreign currency.

Total bank deposits, other than the central bank, rose to record EGP 6.191 trillion at the end of October, compared to EGP 6.077 trillion at the end of September 2021, an increase of EGP 114.1 billion.

Deposits were pided into government currency deposits, which amounted to EGP 1.2 trillion, and non-governmental deposits at EGP 4.990 trillion. Government deposits were also recorded EGP 1.2 trillion by the end of October 2021; compared to EGP 1.166 trillion by the end of September.

In addition, Government deposits were pided into local currency deposits of EGP 1.059 trillion, and EGP 141.182 billion in foreign currencies.

Moreover, Non-governmental deposits recorded EGP 4.990 trillion at the end of October 2021, compared to EGP 4.910 trillion at the end of September 2021; with non-governmental deposits recording EGP 4.324 trillion in local currency at the end of October and EGP 4.253 trillion in the earlier month.

Deposits of the public business sector amounted to EGP 84.8 billion, the private business sector EGP 453.787 billion, and the households EGP 3.660 trillion, while non-governmental deposits in foreign currencies recorded EGP 665,370 billion at the end of October 2021, compared to EGP 657.6 billion (MoM).