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Deposits, commercial accounts in banks rose to EGP 3bn: CAPMAS - Daily News Egypt

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Deposits, commercial accounts in banks rose to EGP 3bn: CAPMAS

The Central Agency for Public Mobilisation and Statistics (CAPMAS) data has shown that the financial position of the banks rose to reach EGP 4261.3bn for 2016/17 with a rate of increase 49.7% for 2015/16. The increase has reached EGP 1415.2bn due to the increase in the deposits and commercial accounts at a value of EGP …


The Central Agency for Public Mobilisation and Statistics (CAPMAS) data has shown that the financial position of the banks rose to reach EGP 4261.3bn for 2016/17 with a rate of increase 49.7% for 2015/16.

The increase has reached EGP 1415.2bn due to the increase in the deposits and commercial accounts at a value of EGP 911.7bn and a 43.1% rate of increase.

The CAPMAS added that the deposits and the commercial accounts represent a 71.1% ratio from total liabilities of financial position, as a result of the increased financial capacity of banks, pointing to the high value of long-term loans and cash balances in the fund by a significant proportion of assets.

Furthermore, the CAPMAS also pointed out that the deposits and the commercial accounts in the banks has increased to reach EGP 3027.8bn with a 43.1% rate of increase for the previous year, in addition to the acquisition by private sector banks of about 53.2% of deposits at a value of EGP 1609.6bn, an increase of 36.6%.

Moreover, the CAPMAS noted that the financial value of the banks’ investments have increased to reach EGP1416.7bn with an increased 10.4% ratio for the previous year.

This therefore represents 46.8% of total deposits and current accounts at banks, stressing that public sector banks acquired 52.6% of the financial investments and amounted to EGP 745.4bn, an increase of 10.4%.

For public and private sectors of insurance companies, insurance has increase to reach EGP 98.1bn for 2016/17 with an increase 49% ratio for the previous year.

The investment funds rose to EGP 85.5bn, an increase of 49.7%, accounting for 87.2% of the total assets. The value of the rights of the bondholders rose to EGP 54.3bn, an increase of 18.3%, representing 55.4% from total liabilities in their financial position.

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