The Banking Executive Magazine - April 2022 Issue

Egyptian Banks’ Egyptian Banks’ Deposits INCREASE TO EGP 6.549TRN IN JANUARY 2022 The Central Bank of Egypt (CBE) has announced an increase of about EGP 99bn in the bank deposits in January 2022, reaching EGP 6.549trn, com- pared to EGP 6.450trn in December 2021. In its monthly report, the CBE stated that government deposits increased to EGP 1.349trn in January, com- pared to EGP 1.299trn in December 2021. It added that government deposits in the local currency amounted to EGP 1.204trn, while deposits in foreign currency amounted to EGP 144.564bn. The report said that non-governmen- tal deposits recorded EGP 5.200trn in January 2022, compared to EGP 5.151trn last December. On the other hand, non-governmen- tal deposits in local currency amounted to about EGP 4.518trn, compared to EGP 4.484trn in De- cember. The public business sector accounted for EGP 86.46bn, the pri- vate business sector EGP 584.2bn, and the household sector EGP 3.831trn. Other sectors, including non-residents, purchased checks, and remittances, amounted to EGP 16.1852bn. The CBE pointed out that deposits in foreign currencies recorded the equivalent of EGP 681.6bn in Janu- ary, compared to EGP 666.3bn in December. The public business sec- tor accounted for EGP 38.8bn, the private business sector EGP 187.8bn, and the household sector EGP the BANKING EXECUTIVE 24 ISSUE 160 APRIL 2022