A report recently issued by the Central Bank of Egypt (CBE) has revealed that banks managed to achieve good performance indicators until the end of January. According to the CBE, banks’ portfolios increased by EGP 67.2bn in January, recording EGP 2.828tn, compared to EGP 2.761tn by the end of December 2016. Foreign currency deposits recorded EGP 704.40bn, compared to EGP 664.236bn. Foreign currency deposits reached 30% of total deposits in banks. The volume of public banks in treasury bonds was EGP 252.04bn compared to EGP 233.603bn for private banks; EGP 8.732bn for specialised banks; and about EGP 23.227bn for the branches of public banks.

Source: Daily News Egypt May 21, 2017 07:41 UTC