Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Supply minister discusses strengthening cooperation with ITFC    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EGP 29.3bn increase in bank deposits, EGP 10.8bn increase in loans in October 2015: CBE
Household sector acquires 77.6% of deposits in the local currency and 63.2% of deposits in foreign currency, private sector acquires 75.8% of loans
Published in Daily News Egypt on 23 - 01 - 2016

Total deposits in banks, excluding the Central Bank of Egypt (CBE), increased by EGP 29.3bn in October 2015, to EGP 1.872tn compared to EGP 1.843tn by the end of September of the same year, according to a report issued by the CBE last week.
The CBE reported that government deposits represented nearly 15.8% of total deposits in the banking sector, at EGP 297.62bn in October, including EGP 207.4bn in the local currency and EGP 90.220bn in foreign currencies.
Non-governmental deposits amounted to EGP 1.575tn by the end of October, including 1.289tn in the local currency and EGP 285.857bn in the foreign currency.
Total deposits in banks increased by 21.12% in October, whereby deposits in the local currency increased by 22.4%, while deposits in the foreign currency increased by 18.3%.
The household sector acquired nearly 75% of total deposits in banks, with total deposits in October reaching EGP 1.17tn, including about EGP 992.19bn in local currency and EGP 177.27bn in foreign currencies.
The household sector acquired about 77.6% of the total deposits in local currency and about EGP 63.2% of deposits in foreign currencies.
In another indicator of the banks' performance in October, CBE revealed that loans provided to banks' clients increased to EGP 778.09bn compared to EGP 767.29bn by the end of September, an increase of EGP 10.8bn.
Total government loans registered EGP 102.449bn, including EGP 40.78bn in the local currency and EGP 61.66bn in foreign currencies. Total non-government loans were nearly EGP 675.64bn by the end of October, including EGP 479.04bn in the local currency and EGP 196.6 in foreign currencies. The private sector acquired about 75.8% of the total loans provided by banks to clients in October, according to the CBE.
In the same context, the CBE revealed that banks' investments in securities increased to EGP 1.051tn compared to EGP 1.036tn in September, with an increase of EGP 15.8bn.
Banks' investments in treasury bills registered EGP 561.45bn by the end of October compared to EGP 554.452bn by the end of September, with an increase estimated at EGP 7bn.
Public sector banks acquired about 35.4% of various sectors' total investments in treasury bills, where investments amounted to EGP 199.183bn by the end of October compared to EGP 197.33bn by the end of September, according to the CBE.
Private banks acquired nearly 33.4% of total investments in treasury bills, whereby investments amounted to 187.79bn by the end of October, compared to EGP 188.81bn by the end of September. Treasury bills investments of foreign banks working in the local market reached EGP 27.738bn by the end of October.
The CBE also revealed that the aggregate financial position of banks increased by EGP 53.7bn by the end of October to EGP 2.459tn, compared to EGP 2.405tn by the end of September.
Banks supported their capital with nearly EGP 178m in October to EGP 93.78bn compared to EGP 93.6bn by the end of September. Banks also supported their allocations in October with nearly EGP 982m to EGP 67.87bn compared to EGP 66.89bn by the end of September.


Clic here to read the story from its source.