Cairo - Decypha: The Egyptian banking sector has witnessed a rise in deposits to reach EGP 2.7 trillion in November 2016, increasing by 22.7% from the previous months deposits of EGP 2.2 trillion, according to the Central Bank of Egypt (CBE).
The government share in the deposits, according to the state's information services, are estimated at EGP 474.7 billion, only 47.7% of which are in foreign currency, while the remainder is in Egyptian pounds.
Similarly, non-governmental deposits have increased as well by 22.2% to reach EGP 2.2 trillion over the same duration.
By Decypha News Editorial Team
