The total non-governmental bank deposits in local currency amounted to EGP 4.754trn in March 2022, compared to EGP 4.561trn in February — an increase of EGP 193bn.
According to recent data from the Central Bank of Egypt (CBE), the volume of demand deposits amounted to EGP 752.2bn in March 2022, compared to EGP 691.4bn in February 2022, while time deposits and the proceeds of savings certificates amounted to EGP 4.002trn, compared to EGP 3.869trn.
It explained that the demand deposits of the public business sector amounted to EGP 50.300bn, the private sector EGP 463.3bn, and the household sector EGP 238.8bn, while the public business sector’s share of time deposits and savings certificates amounted to EGP 39.290bn, the private sector EGP 220.8bn, and the household sector EGP 3.742trn.
In the same context, the CBE revealed that the total deposits of the banking sector in foreign currencies — other than the government — increased to EGP 808.372bn in March 2022, compared to February’s EGP 679.085bn — an increase of EGP 129.287bn.
Furthermore, the volume of demand deposits in foreign currencies amounted to EGP 223.049bn, while time deposits and savings certificates amounted to EGP 585.323bn.
The public business sector’s demand deposits in foreign currencies also amounted to EGP 11.985bn, the private business sector EGP 144.711bn, and the household sector EGP 66.440bn.
Moreover, the public business sector acquired the equivalent of about EGP 30.837bn of time deposits and savings certificates, the private business sector EGP 107.172bn, and the household sector EGP 447.3bn.
