Banks’ obligations towards each other locally were EGP 575.767bn, while their obligations towards banks abroad were EGP 450.686bn. The CBE said that government deposits in banks were EGP 2.157trn in June 2023, while non-governmental deposits were EGP 7.315trn. It added that government deposits in local currency were EGP 1.855trn, while deposits in foreign currencies were nearly EGP 301.6bn. The private sector banks’ investments reached EGP 491.98nb, compared to EGP 458.313bn. This was due to a decline in CBE’s net foreign assets by EGP 310.5bn and a decrease in the net foreign assets of the banks by EGP 152.1bn.
