CBE: Deposits in banks hit LE 4.306T in Feb.

CAIRO - 7 May 2020: Total bank deposits in Egypt increased by LE 60 billion, reaching LE 4.306 trillion in February 2020, against LE 4.246 trillion in January, the Central Bank of Egypt (CBE) said in a report.

According to the report, a copy of which MENA obtained Thursday, government deposits went up by 18.3 billion to register LE 620.6 billion in February, compared to LE 602.3 billion the previous month.

Government deposits in local currency stood at about LE 546.4 billion, while they recorded LE 74.1 billion in foreign currency.

Non-government deposits surged to LE 3.685 trillion in February, against LE 3.643 trillion the previous month, the report added.

The total value of non-government deposits in local currency amounted to LE 3.051 trillion by the end of February, up from LE 2.996 trillion by the end of January.

Of that total, the public business sector deposits amounted to LE 62.9 billion, while deposits of the private sector and the family sector registered LE 413.5 billion and LE 2.562 trillion respectively.