US envoy back in Gulf to push Yemen truce as battles spread    Father builds exoskeleton to help wheelchair-bound son walk    North, South Korea in talks over summit, reopening liaison office    UN says closing Darfur peacekeeping operation has hiccups    Handball: Egypt beat Japan to record 3rd Group B win in Olympics    Rowing: Aussies sweep the fours as records fall in Tokyo    Titmus wins again at Tokyo, Ledecky doesn't even medal    Economy grows amid the pandemic    Myths and facts on the GERD    Newsreel    'Healthcare, not sick care'    Finding solutions to the GERD crisis    Self-saucing chocolate pudding cake    Egypt's first monorail train set for administrative capital arrives in Alexandria Port    Vaccination conspiracy theories: The goofy, the sad, and the useful    Ethiopia predicts possible floods in downstream countries due to heavy rainfall    Egypt's Banque Misr mulls committing EGP20.8 billion in joint lending    Egypt's stocks finish in green as benchmark EGX 30 adds 0.62% on Tuesday    Remembering Egyptian filmmaker Youssef Chahine: The perpetual rebel    Russian delegation to visit Egypt today for Sharm al-Sheikh, Hurghada security checks    Remembering Roushdy Abaza: Egyptian silver screen's first man    Canada's Barrick Gold signs deals to explore for gold in Egypt for first time    Russia flights to Egypt resorts of Sharm el-Sheikh, Hurghada to resume on August 9    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Thanaweyya Amma exams resume after Eid Al-Adha holidays    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt condemns Israeli violations of Jerusalem's Al-Aqsa Mosque    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Etisalat Misr partners with Bassita to contribute to a Cleaner Nile    Egypt to receive first shipment of Pfizer, J&J vaccine doses soon – minister    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    Egypt denounces Ethiopia's move to start second filling of giant dam    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







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



CBE reveals February 2020 data for banks operating in Egypt
Financial position of banks operating in local market touches EGP 6trn, deposits and loans rise
Published in Daily News Egypt on 09 - 05 - 2020

The Central Bank of Egypt (CBE) has revealed that the total financial position of banks operating in Egypt increased to EGP 5.985trn at the end of February 2020. The February figures illustrate a slight increase on the EGP 5.830trn reported at the end of January 2020.
The figures were released as part of the CBE's monthly report on the performance indicators of banks in Egypt and the local economy.
The CBE added that the total capital of banks amounted to EGP 155.28bn by the end of February 2020, while the reserves amounted to about EGP 257.7bn. The size of the allocations they made to face bad debts amounted to about EGP 126.9bn.
In its report, the CBE indicated that the volume of deposits at banks recorded an increase of EGP 60.158bn during February 2020, to reach EGP 4.306tn up from EGP 4.246tn in January.
The volume of government deposits amounted to EGP 620.628bn in February, compared to EGP 602.373bn, marking an increase of EGP 18.255bn.
Government local currency deposits increased by EGP 19.586bn to EGP 546.491bn in February, compared to EGP 526.905bn in January. Government foreign currency deposits decreased by EGP 1.331bn to record EGP 74.137bn, compared to EGP 75.468bn.
Non-governmental deposits recorded an increase of EGP 41.903bn to reach EGP 3.685trn in February, compared to EGP 3.643tn in January.
Non-governmental deposits in the local currency increased by EGP 51.4061bn to reach EGP 3.051055trn in February, compared to EGP 2.996489trn in January. Non-governmental deposits in foreign currencies amounted to EGP 634.764bn compared to EGP 647.427bn, with a decrease of EGP 3.663bn.
At the same time, the CBE revealed that the total loans from banks to customers increased to EGP 1.892trn at the end of February 2020. This compared to EGP 1.866trn in total loans at the end of January 2020, an increase of EGP 26bn.
The volume of loans granted to the government reached EGP 519bn, of which EGP 288.3bn were in local currency and EGP 230.8bn in foreign currencies.
The total non-governmental loans increased to EGP 1.373trn, of which about EGP 1.116trn in the local currency and the equivalent of about EGP 256.732bn in foreign currencies.
In the same context, the CBE revealed that bank investments in securities and treasury bills reached about EGP 2.201trn by the end of February 2020, compared to EGP 2.189trn at the end of January 2020.


Clic here to read the story from its source.