Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt to unveil 'national economic development narrative' in June, focused on key economic targets    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    Italy's consumer, business confidence decline in April '25    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt's TMG eyes $17bn sales from potential major Iraq project    Egypt's Health Min. discusses childhood cancer initiative with WHO    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Asia-Pacific stocks rise on Wall Street cues    Egypt's EDA discusses local pharmaceutical manufacturing with Bayer    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Egypt expresses condolences to Canada over Vancouver incident    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Health Min. strengthens healthcare ties with Bayer    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    49th Hassan II Trophy and 28th Lalla Meryem Cup Officially Launched in Morocco    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Paris Olympics opening draws record viewers    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.



EGP 516.9bn increase in non-governmental bank deposits in local currency within 6 months: CBE
Non-governmental bank deposits in local currency reach EGP 4.986trn in June 2022
Hossam Mounir Published in Daily News Egypt on 03 - 08 - 2022

The Central Bank of Egypt (CBE) revealed on Tuesday that the total non-governmental bank deposits in local currency amounted to EGP 4.986trn in June 2022, compared to EGP 4.469trn in December 2021, an increase of EGP 516.948bn.
The CBE explained in a recent report, that total bank deposits in local currency recorded EGP 766.379bn in June 2022, up from EGP 680.464bn in 2021. It pointed out that the public business sector's share of bank deposits in June amounted to EGP 52.667bn, the private sector EGP 477.989bn, and the household sector EGP 236.09bn.
He added that time deposits and savings certificates amounted to EGP 4.22trn in June 2022, compared to EGP 3.789trn in December 2021.
According to the CBE, the public business sector's share of those deposits amounted to EGP 46.048bn, the private sector EGP 228.982bn, and the household sector EGP 3.945tn.
The CBE also revealed an increase in non-governmental foreign currency deposits in banks to the equivalent of EGP 846.101bn in June 2022, compared to EGP 650.825bn in December 2021.
According to the CBE, the volume of demand deposits in foreign currencies amounted to EGP 228.453bn, and time deposits and savings certificates amounted to EGP 617.648bn.
He pointed out that the public business sector's share of demand deposits in foreign currencies reached EGP 10.952bn, the private business sector EGP 148.5bn, and the household sector EGP 69.163bn.
The business sector's share of term deposits and savings certificates amounted to EGP 35.497bn, the private business sector EGP 118.905bn, and the household sector EGP 463.246bn.
In the same context, the CBE said that the volume of domestic liquidity in the banking sector increased to EGP 6.611trn in June 2022, compared to EGP 5.822trn in December 2021.
The CBE explained that the money supply recorded EGP 1.544trn in June 2022, compared to EGP 1.380trn in December 2021, pointing out that the cash circulating outside the banking system amounted to EGP 778.8bn, compared to EGP 701.882bn.

Clic here to read the story from its source.