Deposits in banks hit LE 4.246T in January

CAIRO – 23 March 2020: Total bank deposits in Egypt increased by LE 10 billion, reaching LE 4.246 trillion in January, up from 4.236 trillion in December, the Central Bank of Egypt (CBE) said in a report Monday.

CBE added in its monthly report that governmental deposits decreased LE 10.6 billion to reach LE 602.9 billion in the end of January, compared to LE 613.5 billion in December 2019.

According to the report, governmental deposits with local currency stood at LE 527.1 billion, while foreign currency deposits recorded LE 75.7 billion.

The total value of non-governmental deposits hit LE 2.996 trillion at the end of January, up from LE 2.960 trillion in December 2019.

“Foreign currency deposits reached LE 647.4 billion, compared to LE 662.5 billion in the prior month,” the report noted.