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Volume of domestic liquidity in banking sector increased to EGP 7.182 trillion by end of October 2022: CBE - Daily News Egypt

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Volume of domestic liquidity in banking sector increased to EGP 7.182 trillion by end of October 2022: CBE

The volume of non-governmental deposits in local currency increased to EGP 5.254 trillion, while foreign deposits amounted to about EGP 1.121 trillion


The Central Bank of Egypt (CBE) said that the volume of domestic liquidity in the banking sector rose to EGP 7.182 trillion at the end of October 2022, compared to EGP 5.822 trillion at the end of December 2021.

According to a recent report by the bank, the country’s money supply recorded EGP 1.662 trillion at the end of October, compared to EGP 1.382 trillion at the end of December 2021, while the volume of cash circulating outside the banking system amounted to EGP 806.991bn compared to EGP 701.882bn.

In the same context, CBE figures revealed an increase in the volume of non-governmental deposits in local currency in banks to EGP 5.254 trillion at the end of October, compared to about EGP 4.469 trillion at the end of December 2021.

According to the CBE, the volume of demand deposits amounted to EGP 855.804bn, about EGP 55.489bn of which belonged to the public business sector, while the share of the private sector amounted to EGP 547.043bn, and the family sector amounted to EGP 253.522bn.

Time deposits and savings certificates recorded EGP 4.398 trillion, of which the public business sector accounted for EGP 60.405bn, the private sector EGP 269.4bn, and the family sector EGP 4.068 trillion.

The CBE’s report also revealed an increase in total non-governmental deposits in foreign currencies with banks to the equivalent of about EGP 1.121 trillion at the end of October 2022, compared to the equivalent of about EGP 650.82bn at the end of December 2021.

Meanwhile, demand deposits in foreign currencies amounted to the equivalent of about EGP 300.447bn, while the volume of time deposits and certificates of saving amounted to the equivalent of EGP 820.708bn.

Additionally, the value of demand deposits in foreign currencies for the public business sector amounted to about EGP 19.010bn, the private business sector amounted to EGP 193.5bn, and the family sector amounted to about EGP 88.002bn.

On the other hand, the volume of deposits of the public business sector for certificates of savings in foreign currencies amounted to about EGP 51.670bn, deposits of the private business sector amounted to about EGP 175.8bn, and the family sector amounted to about EGP 593.2bn.

Topics: Banking CBE

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https://dailynewsegypt.com/2022/12/03/volume-of-domestic-liquidity-in-banking-sector-increased-to-egp-7-182-trillion-by-end-of-october-2022-cbe/
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