Egyptian banks’ financial situation reaches $ 508 billion in July: CB


The capital of banks in the local market amounted to 193.642 billion EGP in July, while reserves were approximately 353.957 billion EGP, and the volume of allocations to banks amounted to approximately 173.108 billion EGP.

According to the report, the total bonds and long-term loans in the banks amounted to 245.497 billion EGP in July, and the total liabilities of the banks amounted to approximately 254.978 billion EGP.

External liabilities of banks operating in the local market amounted to approximately EGP 102.806 billion.

The central bank added that total deposits in banks stood at around EGP 5.818 billion at the end of July.

On the asset side, the banks’ cash balance stood at around EGP 65.552 billion during the same period.

Total banks’ investments in local securities and treasury bills amounted to EGP 2,869 billion. Their balances with banks in Egypt amounted to EGP 1,175 billion, while their balances with banks abroad amounted to approximately EGP 255.085 billion.

The volume of customer loans and discount balances was around EGP 2,855 billion, while the volume of other assets stood at EGP 837.988 billion at the end of July.

Total bank deposits stood at EGP 5,837 trillion at the end of July, compared to EGP 5,750 trillion at the end of June 2021.

In addition, the volume of government deposits amounted to EGP 1,079 trillion, of which EGP 939.203 billion was in local currency and EGP 139.8 billion in foreign currency.

The volume of non-government deposits amounted to EGP 4,758 billion, of which EGP 4,084 billion was in local currency and EGP 671.111 billion in foreign currency.

The volume of credit facilities granted by banks operating in the local market to their customers amounted to EGP 2,855 billion in July 2021. He also pointed out a decrease in the volume of these facilities of 48.2 billion EGP. EGP, or 1.7%.

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