The capital of banks operating in the Egyptian market reached EGP 128.42bn at the end of the first half (H1) of 2017, according to the Central Bank of Egypt (CBE). Moreover, the CBE stated that the banks have set up reserves of EGP 185.846bn at the end of H1 2017. According to the CBE, the total deposits at banks until the end of June 2017 reached EGP 3.028tn, including EGP 2.2454tn in Egypt’s top 10 banks and EGP 1.879tn in the top 5 alone. The CBE added that the deposits to assets ratio in June 2017 rose to 68.8% from 68% in March 2017. In another matter, the CBE said that banks’ securities portfolio reached 16.2% of total banks assets in June, compared to 16.6% in March 2017.

Source: Daily News Egypt October 01, 2017 07:30 UTC