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Local currency deposits decline for the first time since 2012

Tuesday 03 July 2018 01:43 PM

The Central Bank
The Central Bank



By Ahmed El-Desouki - Sayed Badr

The Central Bank revealed that the total deposits in local currency in the banking sector declined for the first time since January 2012 by 15 billion pounds to 2.247 trillion pounds at the end of May 2018, compared to 2.262 trillion in April.

In its most recent report, the Central Bank said that household sector deposits led the decline by reducing non-current savings by 20 billion pounds to 1.709 trillion at the end of May 2018, compared to 1.729 trillion at the end of April 2018, while current deposits rose to 139 billion against 136 billion.

In the same context, the government's current and non-current government deposits rose to 58 billion pounds by the end of May, compared to 56 billion at the end of April 2018, an increase of 2 billion pounds. Private sector deposits rose to 340 billion at the end of May, compared to 339 billion at the end of April.






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