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Egypt’s domestic credit hits EGP 3.20 trillion in October 2017: CBE

Monday 12/February/2018 - 01:31 PM
Sada El Balad
Hassanein Tayea
Egypt’s domestic credit’s volume to the banking sector rose by EGP3.20 billion in October compared to EGP 3.13 trillion in September، a rise of EGP 70 billion.
Noteworthy that Egypt’s domestic credit’s to the banking sector hit EGP 3.10 trillion in August 2017، an increase of EGP 100 billion.

According to a report issued by the Central Bank of Egypt (CBE)، the net liabilities of the government for lending and discount، deposits and securities amounted to EGP2.04 trillion last October compared to EGP2 trillion in September and EGP 1.971 trillion in August 2017.

The volume of liabilities from the public business sector reached EGP 150.321 billion against EGP 148.843 billion in September and EGP149.65 billion in August.

The volume of liabilities from the private sector amounted to EGP 733.01 billion last October compared to EGP 727.9 billion last September and EGP 723.32 billion in August
Domestic credit provided by the banking sector includes all credit to various sectors on a gross basis، with the exception of credit to the central government، which is net.
The banking sector includes monetary authorities and deposit money banks، as well as other banking institutions where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other banking institutions are savings and mortgage loan institutions and building and loan

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