Non-governmental deposits in local currency with banks up to EGP 4.308trn in October 2021
The Central Bank of Egypt revealed that demand deposits in local currency recorded EGP 652.083bn compared to about EGP 637.4bn. Time deposits and savings certificates scored EGP 3.656trn in October 2021, compared to EGP 3.601trn in September 2021.
Hossam Mounir December 2, 2021 Comments Off

T
he non-governmental deposits in local currency with the Egyptian banking sector, other than the state-owned banks, recorded EGP 4.308trn in October 2021, up from EGP 4.239trn in September 2021.
The Central Bank of Egypt revealed that demand deposits in local currency recorded EGP 652.083bn compared to about EGP 637.4bn. Time deposits and savings certificates scored EGP 3.656trn in October 2021, compared to EGP 3.601trn in September 2021.
The public business sector’s share of demand deposits amounted to EGP 44.664bn, the private sector EGP 374.3bn, and the household sector EGP 233.258bn.
As for time deposits and savings certificates, the public business sector’s share amounted to EGP 40.136bn, the private sector EGP 189.443bn, and the household sector EGP 3.426trn.
In the same context, the Central Bank’s figures revealed that the total deposits of the banking sector in foreign currencies recorded the equivalent of about $41.163bn in October 2021, compared to the equivalent of about $40.833bn in September 2021.
According to the Central Bank, demand deposits in foreign currency amounted to about $9.891bn and time deposits and savings certificates were equivalent to about $31.272bn.
The CBE added that the public business sector acquired the equivalent of about $405.373m of demand deposits in foreign currencies, the private business sector the equivalent of about $6.104bn, and the household sector the equivalent of about $3.387bn.
With regard to time deposits and savings certificates, the share of the public business sector reached the equivalent of about $1.342bn, the private business sector the equivalent of about $5.432bn, and the household sector the equivalent of about $24.498bn.
Domestic liquidity in the banking sector rose to EGP 5.650trn in October 2021, compared to EGP 5.575trn in September 2021.
According to the Central Bank, the money supply recorded EGP 1.345trn in October 2021, compared to EGP 1.330trn in September 2021.
It explained that the cash in circulation outside the banking system amounted to EGP 693.910bn in October 2021, compared to about EGP 693.109bn in September 2021.
Current deposits in local currency amounted to EGP 652.083bn compared to EGP 637.4bn while quasi-money recorded EGP 4.305trn compared to EGP 4.245trn.
Non-current deposits in local currency amounted to EGP 3.656trn in October 2021, compared to EGP 3.601trn in September 2021. Current and non-current deposits in foreign currencies amounted to EGP 648.67bn compared to EGP 643.44bn.
Topics: deposits Non-governmental
Hossam Mounir
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