Masress : Non-governmental deposits in local currency with banks up to EGP 4.308trn in October 2021

Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting FRA launches first register for tech-based risk assessment firms in non-banking finance Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines African World Heritage Fund registers four new sites as Egypt hosts board meetings Maduro faces New York court as world leaders demand explanation and Trump threatens strikes Egypt identifies 80 measures to overhaul startup environment and boost investment Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory EGX closes in red area on 5 Jan Gold rises on Monday Oil falls on Monday Al-Sisi pledges full support for UN desertification chief in Cairo meeting Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour Egypt opens Braille-accessible library in Cairo under presidential directive Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states Madbouly highlights "love and closeness" between Egyptians during Christmas visit Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth 5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta Egypt, Viatris sign MoU to expand presidential mental health initiative Egypt's PM reviews rollout of second phase of universal health insurance scheme Egypt sends medical convoy, supplies to Sudan to support healthcare sector Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes Egypt flags red lines, urges Sudan unity, civilian protection Egyptian Golf Federation appoints Stuart Clayton as technical director 4th Egyptian Women Summit kicks off with focus on STEM, AI UNESCO adds Egyptian Koshari to intangible cultural heritage list Egypt recovers two ancient artefacts from Belgium Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows Sisi expands national support fund to include diplomats who died on duty Egypt's PM reviews efforts to remove Nile River encroachments Egypt resolves dispute between top African sports bodies ahead of 2027 African Games Germany among EU's priciest labour markets – official data Russia says it's in sync with US, China, Pakistan on Taliban It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game 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.

Non-governmental deposits in local currency with banks up to EGP 4.308trn in October 2021

Hossam Mounir Published in Daily News Egypt on 01 - 12 - 2021

The non-governmental deposits in local currency with the Egyptian banking sector, other than the state-owned banks, recorded EGP 4.308trn in October 2021, up from EGP 4.239trn in September 2021.
The Central Bank of Egypt revealed that demand deposits in local currency recorded EGP 652.083bn compared to about EGP 637.4bn. Time deposits and savings certificates scored EGP 3.656trn in October 2021, compared to EGP 3.601trn in September 2021.
The public business sector's share of demand deposits amounted to EGP 44.664bn, the private sector EGP 374.3bn, and the household sector EGP 233.258bn.
As for time deposits and savings certificates, the public business sector's share amounted to EGP 40.136bn, the private sector EGP 189.443bn, and the household sector EGP 3.426trn.
In the same context, the Central Bank's figures revealed that the total deposits of the banking sector in foreign currencies recorded the equivalent of about $41.163bn in October 2021, compared to the equivalent of about $40.833bn in September 2021.
According to the Central Bank, demand deposits in foreign currency amounted to about $9.891bn and time deposits and savings certificates were equivalent to about $31.272bn.
The CBE added that the public business sector acquired the equivalent of about $405.373m of demand deposits in foreign currencies, the private business sector the equivalent of about $6.104bn, and the household sector the equivalent of about $3.387bn.
With regard to time deposits and savings certificates, the share of the public business sector reached the equivalent of about $1.342bn, the private business sector the equivalent of about $5.432bn, and the household sector the equivalent of about $24.498bn.
Domestic liquidity in the banking sector rose to EGP 5.650trn in October 2021, compared to EGP 5.575trn in September 2021.
According to the Central Bank, the money supply recorded EGP 1.345trn in October 2021, compared to EGP 1.330trn in September 2021.
It explained that the cash in circulation outside the banking system amounted to EGP 693.910bn in October 2021, compared to about EGP 693.109bn in September 2021.
Current deposits in local currency amounted to EGP 652.083bn compared to EGP 637.4bn while quasi-money recorded EGP 4.305trn compared to EGP 4.245trn.
Non-current deposits in local currency amounted to EGP 3.656trn in October 2021, compared to EGP 3.601trn in September 2021. Current and non-current deposits in foreign currencies amounted to EGP 648.67bn compared to EGP 643.44bn.

Clic here to read the story from its source.