Non-governmental bank deposits in local currency increase by EGP 193bn in March 2022
Deposits in foreign currencies also increase to EGP 808.372bn
Latest in Tag: Local currency Highlight
Latest in Tag: Local currency
Local currency non-governmental bank deposits grow to EGP 4.38trn in November 2021: CBE
In a recent report, the CBE explained that deposits in local currency are divided into demand deposits worth EGP 665.597bn and time deposits and savings certificates worth EGP 3.723trn.
Egypt sees EGP 104.191bn increase in local currency bank deposits during March 2021: CBE
Foreign currency deposits see stability, while volume of foreign assets at CBE amount to EGP 621.783bn
Local currency deposits with Egypt banks up EGP 80.104bn in August: CBE
In a recent report, the CBE stated that demand deposits in local currency also increased by EGP 18.829bn to EGP 507.804bn in August, compared to EGP 488.975bn in July.
Egypt banks see EGP 62bn increase in local currency deposits in May
NFA surplus with banks, CBE records about $5.3bn increase
Abu Qir Fertilizers revenues affected by urea lower prices, local currency appreciation
The decline in revenues was attributed to several factors, including a downward trend in urea prices. Egypt’s urea spot index averaged $248/tonne in 3Q 2019/20, a decline of 6% y-o-y, but a rise of 2.2% q-o-q.
Local currency deposits in banks rise by EGP 41bn in April
CBE figures also show decrease in surplus of net foreign assets for second consecutive month