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15.9% increase in pension values disbursed from postal offices in 2017/18: CAPMAS
World Post Day, celebrated annually on 9 October, same date Universal Postal Union established in 1874
Daily News Egypt Published in Daily News Egypt on 08 - 10 - 2018

The Central Agency for Public Mobilization and Statistics (CAPMAS), revealed during a press statement on Monday, that pension values disbursed from postal offices reached EGP 74bn in 2017/18, compared to EGP 63.8bn in 2016/17, an increase of 15.9%.
Meanwhile, CAPMAS stated that the value of deposited amounts in the postal saving fund reached EGP 101.2bn in 2017/18 compared to EGP114.9bn in 2016/17, a decrease of 11.9%.
Furthermore, "the value of deposited amounts with postal checks reached (current account -silver -golden) EGP 109.1bn in 2017/18, verses EGP 73.9bn in 2016/17, an increase of 47.8%," CAPMAS stated.
This press statement came on the occasion of the World Post Day, which is celebrated annually on 9 October, which is the same date that the Universal Postal Union was established in 1874.
Notably, the Universal Postal Union is considered the main forum for cooperation between postal sectors in around the world, as the union aims to ensure the existence of a global network that devises rules to international mail exchange, and makes recommendations to stimulate growth in financial services, in addition to improving the quality of services to customers.
"The value of sold stamps in postal units reached EGP 205.2m in 2017/18, compared to EGP 189.7m in 2016/17, an increase of 8.1%," the CAPMAS remarked.
The CAPMAS also announced that the number of postal services offices reached 3,958 offices in 2017/18, up from 3,937 offices in 2016/17, an increase of 0.5%.
"The total number of electronic payment units reached 2,531 units in 2017/18, up from 2,146
units in 2016/17, an increase of 17.9%," according to CAPMAS.
Notably, electronic payment units is an automated system which provides the ability to conduct financial transactions, and balance inquiries.
This year, the celebration theme of the World Post Day, is "Innovation and Integration".

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