CBE: Domestic Credit Balances Hit EGP 5.4 Trillion

The Central Bank of Egypt (CBE) revealed that domestic credit balances rose by about EGP 1.9 billion in July to reach EGP 5.412 trillion compared to EGP 5.410 trillion, a month earlier.

The net credit demand from the government increased by about EGP 4.165 billion in July; to reach EGP 3.146 trillion compared to EGP 3.150 trillion in June.

Total securities scored about EGP 3.407 trillion, lending and discounting about EGP 535.8 billion, and government deposits recorded EGP 797.5 billion.

The total demand from the public business sector amounted to about EGP 701.888 billion, of which the net demand scored about EGP 359.9 billion, and the deposits amounted to EGP 341.960 billion.

Liabilities from the private sector fell to EGP 1.198 trillion in July, compared to EGP 1.201 trillion in the previous month. Liabilities from the household sector amounted to EGP 559.610 billion in July, compared to EGP 561.37 billion.

Meantime, the net foreign assets of the banking system, including the central bank, declined by about $405.36 million to reach about $15.570 billion at the end of July, compared to about $15.976 billion in June.