The total deposits of Egyptian banks increased during last January, as the total deposits amounted to 4.246 trillion pounds, compared to about 3.837 trillion pounds during the same month of 2019, representing an increase of about 409 billion pounds, achieving an increase of 10.65%.
According to the information bulletin issued by the Central Agency for Public Mobilization and Statistics in Egypt, the deposits are distributed between governmental and non-governmental deposits, as the value of government deposits, including about 602.9 billion pounds last January, compared to about 624 billion pounds in the same month of 2019, with a slight decline 21 billion pounds. While the total non-governmental deposits amounted to 3.643 trillion pounds, compared to about 3.213 trillion pounds during the same month in 2019, an increase of about 430 billion pounds, registering an increase of 13.38%.
The total deposits in the local currency recorded a significant increase, reaching 3.523 trillion pounds last January, compared to about 2.963 trillion pounds in the same month of 2019, an increase of 560 billion pounds, registering an increase of 18.9%.
The non-governmental deposits had the largest share of deposits in the local currency, by about 2.996 trillion pounds last January, while it was 2.946 trillion pounds in January of 2019.
According to the data, with regard to government deposits, it achieved a slight increase to record about 527 billion pounds in January, compared to 499 billion pounds in the same month of 2019, an increase of about 28 billion pounds, equal to 5.6 percent.
Source (Al-Arabiya.net website, Edited)
