Domestic liquidity in the Egyptian banking sector increased to EGP 6.808trn in August 2022, compared to EGP 6.708trn in July, a growth of EGP 99.7bn. According to the CBE, demand deposits recorded EGP 814.964bn in August, compared to EGP 774.428bn in July. The public business sector acquired about EGP 56.325bn of the August demand deposits, the private sector EGP 511.547bn, and the household sector EGP 247.301bn. The CBE pointed out that the public business sector acquired about EGP 12.093bn of demand deposits in foreign currencies, the private business sector EGP 153.342bn, and the household sector EGP 75.839bn. The public business sector acquired the equivalent of about EGP 41.261bn of time deposits and savings certificates in foreign currencies, the private business sector about EGP 127.932bn, and the household sector EGP 471.6bn.

Source: Daily News Egypt October 03, 2022 13:05 UTC