{"id":325220,"date":"2022-04-17T19:48:36","date_gmt":"2022-04-17T19:48:36","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325220"},"modified":"2022-04-17T19:48:36","modified_gmt":"2022-04-17T19:48:36","slug":"bank-deposits-increase-to-egp-6-549trn-in-january-2022-cbe","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/04\/17\/bank-deposits-increase-to-egp-6-549trn-in-january-2022-cbe\/","title":{"rendered":"Bank deposits increase to EGP 6.549trn in January 2022: CBE"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The Central Bank of Egypt (CBE) has announced an increase of about EGP 99bn in the bank deposits in January 2022, reaching EGP 6.549trn, compared to EGP 6.450trn in December 2021.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In its monthly report, the CBE stated that government deposits increased to EGP 1.349trn in January, compared to EGP 1.299trn in December 2021.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It added that government deposits in the local currency amounted to EGP 1.204trn, while deposits in foreign currency amounted to EGP 144.564bn.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> The report said that non-governmental deposits recorded EGP 5.200trn in January 2022, compared to EGP 5.151trn last December.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">On the other hand, non-governmental deposits in local currency amounted to about EGP 4.518trn, compared to EGP 4.484trn in December. The public business sector accounted for EGP 86.46bn, the private business sector EGP 584.2bn, and the household sector EGP 3.831trn. Other sectors, including non-residents, purchased checks, and remittances, amounted to EGP 16.1852bn.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The CBE pointed out that deposits in foreign currencies recorded the equivalent of EGP 681.6bn in January, compared to EGP 666.3bn in December. The public business sector accounted for EGP 38.8bn, the private business sector EGP 187.8bn, and the household sector EGP 439.7bn. Other sectors, including non-residents, purchased checks, and remittances, amounted to EGP 15.4bn.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">On a different note, the CBE announced an increase in credit facilities granted by banks during the period from July 2021 to January 2022, by about EGP 257.6bn, to reach about EGP 3.161trn in January 2022.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The CBE attributed this rise to an increase of EGP 145.3bn in credit facilities granted by non-government banks, at a rate of 8.1%, and credit facilities granted to the government by EGP 112.3bn, at a rate of 10.2%.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The increase in credit facilities granted to the government came as a result of the increase in balances of foreign currencies, equivalent to EGP 91.6bn, and balances in local currency by EGP 20.7bn.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It added that according to the relative distribution of credit facilities for non-governmental organizations, the private business sector accounted for 60.4% of the credit facilities last January. The industrial sector accounted for 28.2% of these facilities, followed by the services sector by 25.8%, then the trade sector by 11.2%, and the agriculture sector by 2.5%.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The CBE revealed that the total loans provided to bank customers, in January 2022, increased to EGP 3.095trn, compared to EGP 3.032trn in December 2021.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The CBE explained that the volume of loans granted to the government amounted to EGP 1.170trn, of which EGP 794.1bn was in local currency, and the equivalent of EGP 376.6bn in foreign currencies.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Total non-governmental loans increased to EGP 1.924trn, of which EGP 1.693trn was in local currency.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Egypt (CBE) has announced an increase of about EGP 99bn in the bank deposits in January 2022, reaching EGP 6.549trn, compared to EGP 6.450trn in December 2021.<\/p>\n","protected":false},"author":4,"featured_media":320182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[222],"class_list":["post-325220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-central-bank-of-egypt-cbe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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