Egyptian bank deposits rise 6.2% in five months – CBE

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Egyptian bank deposits rose 6.2 percent in the first five months of the year to 3.536 trillion Egyptian pounds ($186.2 billion), central bank data showed on Sunday.

Deposits stood at 3.329 trillion pounds at the end of December 2017.

In May, deposits marked a 0.3 percent monthly growth.

Government-owned banks’ deposits increased to 551.2 billion pounds in May, including 432.6 billion pounds in local currency and 118.6 billion pounds in foreign currencies, the central bank data added.

Non-governmental banks’ deposits reached 2.985 trillion pounds in deposits, including around 2.260 trillion pounds in local currency and 724.8 billion pounds in foreign currencies.