Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



Banks' credit facilities see EGP 226.6bn rise end of March, deposits up to EGP 3.930tn: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead, according to CBE
Hossam Mounir Published in Daily News Egypt on 27 - 06 - 2019

The total credit facilities granted by banks to their customers increased by EGP 226.6bn to EGP 1.8563tn during the period from July 2018 to March 2019, according to the Central Bank of Egypt (CBE).
Credit facilities are loans provided by banks to their clients alongside documentary credits and letter of guarantees that were opened to cover import operations.
In its monthly report on the performance of banks and the economy, the CBE explained that the private enterprise sector has obtained about 60.8% of the total facilities granted by banks to all bodies excluding the government until March 2019.
It added that the industry sector has denominated 33.6% of these facilities, followed by the services sector by 27.5%, the trade sector by 10.9%, the agriculture sector by 1.5%, and miscellaneous sectors–including households–by 26.5%.
In another context, the CBE also announced the increase in customer deposits at banks by the end of March 2019 by EGP 51bn to EGP 3.930tn against EGP 3.879tn in February.
The CBE added that government deposits have risen in value by EGP 2.9bn to EGP 634bn at the end of March up from EGP 631.1bn at the end of February.
Government deposits in local currency reached EGP 512.7bn, while foreign currency deposits reached EGP 121.3bn.
Non-government deposits in banks recorded a rise in value by EGP 49bn at the end of March 2019 to EGP 3.296tn against EGP 3.247tn in February.
The CBE added that non-governmental deposits in local currency amounted to about EGP 2.547tn by the end of March, against EGP 2.492tn by the end of February.
The public enterprise sector has around EGP 57.4bn of deposits, while the private enterprise sector accounted for about EGP 368.3bn, and the household sector for about EGP 2.106tn.
The other sectors, including non-residents, reported deposits of EGP 81bn.
Deposits in foreign currencies recorded about EGP 749.7bn at the end of March against EGP 755.7bn in February.
The public enterprise sector has around EGP 40.4bn of deposits compared to EGP 203.6bn for the private enterprise sector, EGP 497.6bn for the household sector, and EGP 84bn for other sectors, including non-residents.

Clic here to read the story from its source.