Masress : CBE's assets increase to EGP 2.412trn in November 2021

EGX ends week in green area on 23 Oct. Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation Egypt, EU sign €75m deal to boost local socio-economic reforms, services Egypt, EU sign €4b deal for second phase of macro-financial assistance Egypt's East Port Said receives Qatari aid shipments for Gaza Egypt joins EU's €95b Horizon Europe research, innovation programme Oil prices jump 3% on Thursday Egypt steps up oversight of medical supplies in North Sinai Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna Inaugural EU-Egypt summit focuses on investment, Gaza and migration Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations Egypt records 18 new oil, gas discoveries since July; 13 integrated into production map: Petroleum Minister Defying US tariffs, China's industrial heartland shows resilience Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks Egypt's non-oil exports jump 21% to $36.6bn in 9M 2025: El-Khatib Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes The Survivors of Nothingness — Part Two Health Minister reviews readiness of Minya for rollout of universal health insurance Egypt's PM reviews efforts to remove Nile River encroachments Egypt launches official website for Grand Egyptian Museum ahead of November opening The Survivors of Nothingness — Episode (I) Al-Sisi: Cairo to host Gaza reconstruction conference in November Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout Egypt will never relinquish historical Nile water rights, PM says Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation Egypt unearths New Kingdom military fortress on Horus's Way in Sinai Syria releases preliminary results of first post-Assad parliament vote Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island 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.

CBE's assets increase to EGP 2.412trn in November 2021
According to the CBE's financial position report for November, the bank's balances increased to EGP 312.8bn in November, up from the EGP 289.574bn recorded in June.

Hossam Mounir Published in Daily News Egypt on 01 - 01 - 2022

The total assets of the Central Bank of Egypt (CBE) increased to EGP 2.412trn in November 2021, up from the EGP 2.028trn recorded in June, marking an 18.9% increase.
According to the CBE's financial position report for November, the bank's balances increased to EGP 312.8bn in November, up from the EGP 289.574bn recorded in June.
The bank's share in the capital of international financial institutions also increased from EGP 10.844bn in June to EGP 11.009bn in November.
Additionally, the report revealed that the CBE pumped EGP 242m into the capital of several affiliated companies during the past five months, bringing its total shares up to EGP 22.202bn by the end of November, compared to June's EGP 21.960bn.
Furthermore, the CBE's gold reserves increased to EGP 66.078bn by the end of November, up from the EGP 64.208bn recorded in June, registering a growth rate of 2.9%.
The bank's balances in the International Monetary Fund also increased from June's EGP 9.326bn by a whopping 422.7% to EGP 48.751bn in November.
All in all, the value of the CBE's capital stabilised at EGP 21.6bn by the end of November; while its reserves increased by 41%, reaching EGP 121.611bn, up from June's EGP 86.235bn.

Clic here to read the story from its source.