Cairo – Mubasher: Egypt’s domestic liquidity increased by EGP 587.8 billion or 15.2% in the first 11 months of fiscal year 2019/2020 to EGP 4.451 trillion.
Quasi money also grew by EGP 415.6 billion or 14.1% and the money supply rose by EGP 172.2 billion or 18.6%, according to a statement released by the Central Bank of Egypt (CBE) on Monday.
Deposits
Customer deposits held by the banking sector increased by EGP 85 billion to EGP 4.603 trillion at the end of May from EGP 4.518 trillion a month earlier.
Government deposits went up by EGP 11.7 billion, registering EGP 738 billion in May, compared to EGP 726.3 billion in April, while non-governmental deposits rose to EGP 3.865 trillion from EGP 3.792 trillion at the end of April.
Credit Facilities
The value of credit facilities granted by banks grew by EGP 300.3 billion or 16.2% from July 2019 until the end of last May to EGP 2.154 trillion.
Credit facilities provided by banks to non-government bodies increased by 14% or EGP 183.5 billion, while those provided to the government surged by 21.5% or EGP 116.8 billion.
