Customer deposits at banks climb to EGP 13.599trn in December 2024

The Central Bank of Egypt (CBE) reported that customer deposits at banks increased to EGP 13.599 trillion in December 2024, up from EGP 13.217 trillion in November — marking a monthly rise of EGP 382 billion.

According to the CBE’s latest report, government deposits reached EGP 2.938 trillion, comprising approximately EGP 2.441 trillion in local currency and the equivalent of EGP 497.561 billion in foreign currencies.

Non-government deposits totaled EGP 10.661 trillion, with about EGP 7.614 trillion in local currency and EGP 3.046 trillion in foreign currency.

Within local currency deposits, the public business sector accounted for EGP 187.570 billion, the private business sector EGP 1.292 trillion, households EGP 6.076 trillion, and non-residents EGP 58.977 billion.

In terms of foreign currency deposits, the public business sector held the equivalent of EGP 172.696 billion, the private business sector EGP 1.005 trillion, households EGP 1.781 trillion, and non-residents EGP 87.076 billion.

The CBE also revealed that total credit facilities provided by banks reached EGP 8.375 trillion in December 2024, up from EGP 7.209 trillion in June — a six-month increase of EGP 1.166 trillion.