Central Bank of Egypt reveals market performance indicators in September 2020

The Central Bank of Egypt (CBE) has revealed the performance indicators for banks operating in the local market at the end of September 2020.

In a report published last Thursday, it said that the total financial position of banks jumped to about EGP 6.889trn at the end of September 2020. This compared to the approximately EGP 6.676trn recorded at the end of August, reflecting an increase of EGP 213bn.

He explained that the capital of banks operating in the Egyptian market amounted to about EGP 174.672bn in September 2020, compared to EGP 172.974bn in August 2020.

At the same time, the volume of reserves held by these banks stood at about EGP 313.086bn in September 2020, compared to EGP 313.472bn in the previous month.