The Central Bank of Egypt (CBE) has revealed that the total banking deposits \u2014 in local currency \u2014increased to EGP 4.388trn in November 2021, compared to October\u2019s EGP 4.308trn.<\/p>\n
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.<\/p>\n
According to the CBE, the public business sector acquired EGP 46.898bn of demand deposits, followed by the private sector EGP 386.251bn, and the household sector EGP 232.920bn.<\/p>\n
In terms of time deposits and savings certificates, the public business sector\u2019s share amounted to EGP 420.85bn, the private sector EGP 196.037bn, and the household sector EGP 3.485trn.<\/p>\n
The CBE also indicated that the volume of deposits in foreign currencies increased to $41.605bn (EGP 655.94bn) in November 2021, compared to the $41.203bn (EGP 649.380bn) recorded in October.<\/p>\n
Furthermore, the CBE said that foreign currency demand deposits amounted to $10.225bn, and time deposits and savings certificates $31.380bn.<\/p>\n
The public business sector accounted for $434.49m of demand deposits, the private business sector $6.356bn, and the household sector $3.440bn.<\/p>\n
Moreover, the public business sector\u2019s share of time deposits and savings certificates amounted to $1.403bn, the private business sector $5.555bn, and the household sector $24.421bn.<\/p>\n
In the same context, the CBE\u2019s data revealed an increase in domestic liquidity in the banking sector by EGP 89bn in November.<\/p>\n
Domestic liquidity recorded EGP 5.74trn in November, compared to October\u2019s EGP 5.65trn.<\/p>\n
The CBE attributed the rise in liquidity to the rise in money supply, which recorded EGP 1.361trn in November, compared to the EGP 1.346trn in October. Quasi-money also increased to EGP 4.378trn, as opposed to the October\u2019s EGP 4.305trn.<\/p>\n
Furthermore, current deposits in local currency amounted to EGP 665.597bn in November, compared to the EGP 652.145bn recorded in October, while non-current deposits in local currency amounted to EGP 3.723trn, compared to October\u2019s EGP 3.656trn.<\/p>\n
Additionally, current and non-current deposits in foreign currencies increased to EGP 655.6bn in November, compared to the EGP 649.3bn in the previous month.<\/p>\n
In another context, the CBE\u2019s figures revealed that the net foreign assets of the Egyptian banking system \u2014 including both banks and the CBE \u2014 reached about $5.263bn (EGP 82.949bn) in November.<\/p>\n
According to the CBE, the foreign assets of the banking sector amounted to $54.743bn in November, compared to October\u2019s $56.567bn.<\/p>\n
The total foreign assets of the CBE recorded $40.110bn in November, compared to the $40.017bn recorded in October, while foreign assets in banks recorded $14.633bn in November, compared to the previous month\u2019s $16.550bn.<\/p>\n
On the other hand, the total foreign obligations of the banking sector amounted to $49.479bn, up from October\u2019s $49.322bn.<\/p>\n
The foreign obligations of the CBE amounted to $27.744bn in November, compared to the $27.791bn recorded in October, while the total foreign obligations of banks amounted to $21.735bn, compared to $21.531bn.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of Egypt (CBE) has revealed that the total banking deposits \u2014 in local currency \u2014increased to EGP 4.388trn in November 2021, compared to October\u2019s EGP 4.308trn.<\/p>\n","protected":false},"author":4,"featured_media":321424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[222],"class_list":["post-324373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-central-bank-of-egypt-cbe"],"yoast_head":"\n