Preview: Zamalek eyeing revenge over depleted Ahly in Cairo derby    Messi nets 2, Barcelona beat Bilbao 4-0 to win Copa del Rey    Libya welcomes UN decision to deploy cease-fire monitors    Morocco's Ziyech fires Chelsea to win over Man City in FA Cup semi-final    France reports daily decline in COVID-19 patients in intensive care    Egypt to launch artistic Ramadan Nights Festival    MCDR to start board nomination procedures on Sunday    Sudan wants legally binding agreement on Ethiopia's Nile Dam, not war: Al-Burhan    Egyptian architects win UNESCO competition to rebuild Mosul's Al-Nouri Mosque    Tunisia closes schools until April 30 to slow spread of coronavirus    Egypt's Environment Minister witnesses closing of training on sanitary landfills    Egypt demands fair distribution of COVID-19 vaccines    Egypt launches technical competence programme for Higher Education Ministry staff    'El-Malek' series resumes filming following outcry    Egypt's Cultural Development Fund begins Ramadan programme    Five people killed as police fire at protesting workers in Bangladesh    Egypt joins JPMorgan Chase government bond index watch list    Egypt, Pakistan may sign an MoU between Suez Canal Authority, Gwadar Port Authority    Funeral to praise Philip's 'courage' and support for queen    Egypt urges dissuading Ethiopia from taking unilateral action on GERD in letter to UNSC    Biden says Iranian enrichment to 60% unhelpful, but glad about talks    Sisi stresses to Djibouti president importance of reaching GERD settlement to avoid regional instability    We will resort to international community after all GERD negotiations finish: Egypt FM    President Sisi supports Eni expanding operations in Egypt    10 emerging writers receive $50,000 Whiting Awards    J.K. Rowling children's story 'The Christmas Pig' out in October    2 crew members of impounded Ever Given allowed to return home for personal emergencies: Suez Canal Authority    Egypt condemns continued attacks by Yemen's Houthi militias towards Saudi territory    Turkey to send delegation to Egypt in May, its foreign minister says    EFG Hermes determines fair value of Arab Investment Bank at EGP1.1bln    SODIC hires Hermes to study acquisition offer by Aldar Properties    Veteran Egyptian journalist Makram Mohamed Ahmed passes away at 86    Fans allowed at opening match of UEFA EURO 2020: Italy    Egypt halts traditional amateur football tournaments during Ramadan    Al Ahly get ready for fierce league clash against Zamalek    Egypt Press Syndicate condemns Health Ministry's alleged media obstruction    Egypt tourism minister discusses preparations for upcoming Arabian Travel Market with UAE    Egypt, Turkey eye new phase of bilateral relations    Egyptian farmers fearful as Ethiopia goes for 2nd Blue Nile dam filling    Party consensus    Russian FM says Egypt is main partner in Middle East, Africa    Egypt sees an uptick in new coronavirus infections registers 801 new cases on Saturday    PMI moves towards a smoke-free transformation, takes part in a webinar on e-cigarettes    Allianz Egypt partners with IGNITE to equip brand ambassadors for 2021 Olympics    Hassan Allam consortium wins contract to manage, operate Grand Egyptian Museum    Enhanced Labs signs Mr. Olympia 2020 "Big Ramy" And His Trainer Dennis James    King Tutankhamun funerary mask is must-see tourist icon: The Telegraph    Seasoned Egyptian screenwriter Wahid Hamed dies at 76    

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

Net foreign assets in Egypt banking sector up EGP 10.7bn in January: CBE
EGP 32.73bn increase in local currency deposits, foreign currency deposits rise to equivalent of about EGP 649.65bn
Published in Daily News Egypt on 02 - 03 - 2021

The Central Bank of Egypt (CBE) has announced that the net foreign assets of the local banking sector increased by the equivalent of about EGP 10.714bn during January 2021.
The rise ensured it reached the equivalent of about EGP 281.694bn, compared to the equivalent of about EGP 270.98bn during December 2020.
In a recent report, the CBE said the increase in net foreign assets was driven by the difference between the jump in the volume of foreign assets, equivalent to about EGP 12.613bn, during January 2021, to reach the equivalent of about EGP 973.231bn, compared to the equivalent of about EGP 960.618bn in December 2020.
The volume of foreign liabilities also increased by the equivalent of about EGP 1.899bn to reach the equivalent of about EGP 691.537bn in January, compared to the equivalent of about EGP 689.638bn in the previous month.
According to the report, the volume of foreign assets at the CBE decreased during January 2021 to the equivalent of about EGP 617.574bn. This compared to the equivalent of about EGP 617.681bn in December.
Meanwhile, the volume of foreign assets with banks increased to the equivalent of about EGP 355.657bn in January 2021, compared to the equivalent of about EGP 342.937bn in December 2020.
It pointed out that the volume of foreign liabilities increased with the CBE to the equivalent of about EGP 406.022bn in January 2021, compared to the equivalent of about EGP 405.871bn in December 2020. The volume of liabilities with banks increased to the equivalent of about EGP 285.515bn compared to the equivalent of about EGP 283.767bn.
In another context, the CBE revealed an increase in the volume of local currency deposits with banks during January 2021. This saw deposits rise by the equivalent of about EGP 32.73bn to reach about EGP 3.693trn, compared to about EGP 3.660trn by the end of December 2020.
It also stated that free deposits in local currency amounted to about EGP 532.883bn by the end of January 2021, compared to about EGP 532.340bn by the end of December 2020. This reflected a decrease of about EGP 543m.

Clic here to read the story from its source.