Cairo – Mubasher: The Egyptian Banking System's deposits rose 22.3% year-over-year by the end of May 2016, according to a statement by the Central Bank of Egypt (CBE).
The aggregate value reached EGP 2.079 trillion by the end of May 2016 compared with EGP 1.699 trillion for the year-ago period.
Both the government and non-government deposits amount to EGP 350.8 billion and EGP 1.728 trillion respectively out of the total value.
Loan balances also increased to EGP 920.7 billion during the same period as compared to EGP 786 billion by the end of December 2015.
The statement further revealed that the government acquired EGP 172.04 billion of the secured loans, while EGP 748.65 million was directed for the private sector.
