EU envoy: Ethiopian leadership vowed to 'wipe out' Tigrayans    Palestinians cancel deal for near-expired COVID vaccines from Israel    EU threatens Lebanese politicians with sanctions over crisis    Brazil still debating dubious virus drug amid 500,000 deaths    Biden promotes milestone of 300M vaccine shots in 150 days    Early header secures 1-0 win for Argentina against Uruguay    Hardline judge Raisi leads in Iranian presidential election, says official    LIVE: Esperance (Tunisia) v Ahly (Egypt) (African Champions League semis)    Portugal defender Dias says demanding season motivated him for Euros    'Ethiopia stabbed Sudan in the back with GERD's first filling': Sudanese FM    Egypt's central bank holds interest rates for fifth straight month amid global price spike    Egypt's first electric car Nasr E70: manufacturer, specs, photos, price    Egypt, UNFPA discuss boosting cooperation towards achieving Vision 2030    Egypt's General Intelligence chief meets top Libyan officials in Tripoli    South Korea organises forum on Egypt's tax, customs reforms    AfDB approves €83m loan to Egypt's Electricity,Green Growth Programme    Air Canada launches non-stop year-round service from Montreal to Cairo    Egypt contributes largely to peacekeeping, peacebuilding across world: Elena Panova    Egyptian technical teams, reconstruction equipment continue to flow into Gaza    Egypt's Al-Sisi orders humanitarian aid to Lebanon    UEFA asks Euro 2020 teams to stop removing sponsor bottles    Huawei announces establishment of CNCC to develop smart solutions for enterprises    Egypt will not allow anyone to harm its water rights: ECSS    Ever Given Ship insurer in 'serious and constructive negotiations' with Egypt over compensation    UNFPA Egypt announces actress Amina Khalil as honorary ambassador %    Egypt, WHO discuss approval for domestically produced COVID-19 vaccine    Egypt inaugurates 4th batch of 'Start your Dream' workshop    Ethiopia rejects Arab League resolution supporting Egypt, Sudan on GERD issue    Europe understands aspects of Ethiopian dam issue: Shoukry    Netherlands battle Austria for group lead in Euro 2020    Portugal's Cristiano Ronaldo scores his 11th Euro goal beating previous record    Zamalek face Aswan in Egyptian Premier League    Cairo Opera's hall showcases first exhibition of Egyptian artist Sherif Nashed    Researchers warn of Ethiopian dam's impacts on Egypt's agriculture, economy    Egypt's Taliaa Theatre to celebrate its 60th anniversary in 2022    Egyptian Ramadan series 'Leabet Newton' receives certificate of appreciation    Egyptian filmmaker Sameh Alaa selected for Cannes short films' jury    Don't miss Sudanese singer Asia Madani's concert at Cervantes Institute    APO Group enters new exclusive agreement with Getty Images on African press releases and images    Egypt is on short list of partner countries for U.S. COVID-19 vaccines: embassy    Russia to resume charter flights to Egypt resorts in the coming days    Biden administration to send surplus U.S. COVID-19 vaccines to Egypt, several countries    Russia expects to resume charter flights to Egypt resorts in near future    Egypt's Sisi announces allocation of $500 million for reconstruction in war-wrecked Gaza    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    Veteran Egyptian journalist Makram Mohamed Ahmed passes away at 86    







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





Financial position of banks in Egypt increases to EGP 7.3trn in February: CBE
Foreign investments in Egypt's T-bills amount to EGP 313.68bn in March 2021
Published in Daily News Egypt on 10 - 05 - 2021

The total financial position of banks working in the Egyptian market recorded about EGP 7.347trn in February 2021, compared to EGP 7.158trn in January 2021.
A report by the Central Bank of Egypt (CBE), on Monday, revealed that the capital at banks in Egypt reached a total of EGP 174.73bn.
Bank deposits, other than those at the CBE, recorded about EGP 5.374trn in February 2021, compared to EGP 5.282trn in January.
The CBE revealed that government deposits recorded EGP 945.803bn, of which EGP 820.7bn was in local currency, whilst EGP 125.07bn was in foreign currencies.
Non-governmental deposits recorded about EGP 4.428trn in February 2021, of which EGP 3.772trn was in local currency and EGP 655.9bn in foreign currencies.
The CBE said that the volume of credit facilities granted by banks operating in the local market to their customers reached about EGP 2.573trn in February 2021.
It pointed to an increase in the volume of these facilities by EGP 372.6bn within eight months, reflecting a growth rate of 16.9%.
The CBE attributed this rise to an EGP 207.9bn increase in the volume of credit facilities granted by banks to the government, at a rate of 30.9%. It was also driven by an EGP 164.7bn increase in the volume of facilities granted to non-government entities, at a rate of 10.8%.
It explained that the increase in the funds granted to non-government entities came as a result of the increase in the volume of facilities in local currency, at a value of EGP 200.5bn. It was also due to an increase in the facilities in foreign currencies, equivalent to EGP 7.4bn.
Credit facilities refer to the loans granted by banks to their clients, in addition to documentary credits and letters of guarantee opened for them to cover import operations.
The CBE explained that the private business sector obtained about 59.2% of the total non-governmental credit facilities granted by banks to various economic sectors.
It pointed out that the industrial sector received the most financing from banks, obtaining about 30.6% of the total facilities, followed by the services sector, which acquired 25%, and the trade sector with 10.7%.
The agricultural sector, as usual, obtained the lowest percentage of the volume of credit facilities granted by banks to the various economic sectors. This sector acquired only 2% of the volume of these facilities until the end of January 2021.
According to the CBE, there are other sectors, not mentioned in detail, foremost of which is the household sector, which received about 31.7% of the volume of these facilities.
Foreign clients' investments in Treasury bills (T-bills) amounted to EGP 313.680bn in March 2021, compared to EGP 316.448bn in February 2021.
Private sector bank investments recorded about EGP 349.927bn in March, compared to EGP 349.596bn in February.
The CBE's report also revealed that the investments of public sector banks amounted to EGP 327.72bn in March 2021, compared to EGP 292.478bn in February.
The investments made by foreign bank branches in T-bills amounted to EGP 50.376bn in March, compared to EGP 43.176bn in February.
The investments of specialised banks recorded about EGP 32.337bn in March 2021, compared to EGP 30.928bn in February 2021.


Clic here to read the story from its source.