(3 minutes read)
- Deposits in the local currency at banks operating in Egypt increased to EGP 4.153trn in August 2021
- It was EGP 4.069trn in July 2021
- Demand deposits, recorded about EGP 615.997bn and both time deposits and savings certificates, record about EGP 3.537trn.
Deposits in the local currency at banks operating in Egypt increased to EGP 4.153trn in August 2021. It was EGP 4.069trn in July 2021. Demand deposits, recorded about EGP 615.997bn and both time deposits and savings certificates, record about EGP 3.537trn.
The public business sector’s demand deposits amounted to EGP 37.691bn, whereas the private sector and the household sector recorded EGP 351.323bn and EGP 227.251bn, respectively. the public business sector’s share recorded EGP 38.882bn, The private sector share in deposits is EGP 178.763bn, and the household sector contributed to EGP 3.319trn. The liquidity in the banking sector increased to EGP 5.489trn in August, compared to EGP 5.425tn in July. Cash supply recorded EGP 1.307trn in August, compared to EGP 1.285trn in July 2021, with an increase of EGP 21.8bn.
Cash circulation outside the banking system was estimated at EGP 691.5bn in August as compared to EGP 699.46bn in July. Current deposits in local currency gone up to EGP 615.9bn in August, compared to about EGP 586.2bn in July, while quasi-money recorded EGP 4.181trn, compared to about EGP 4.139trn. Demand deposits in foreign currency amounted to about $9.201bn, while time and saving certificates amounted to US$31.723bn.
