CBE: Deposits in Banks Rise to EGP 8.373 Trillion by End of November

The Central Bank OF Egypt (CBE) announced an increase in customer deposits in the banking system (governmental and non-governmental) at the end of last November, by about 202 billion pounds, to record 3.73.8 trillion pounds, compared to 1.71.8 trillion pounds in the previous October.

The monthly report issued by the CBE stated that government deposits increased by 71 billion pounds, reaching 1.811 trillion pounds at the end of November, compared to 1.740 trillion pounds at the end of the previous October.

Government deposits were deposited in the local currency, amounting to 1.581 trillion pounds, while deposits in foreign currency amounted to 230.4 billion pounds.

With regard to non-governmental deposits, they recorded an increase of 130 billion pounds at the end of last November, to reach 6.561 trillion pounds, compared to 6.431 trillion pounds at the end of the previous October.

The report indicated that non-governmental deposits in local currency amounted to about 5.362 trillion pounds at the end of last November, compared to 5.273 trillion at the end of October. The rest of the other sectors include non-residents, checks, and transfers purchased for 81 billion pounds.