CBE's assets grow by 15%, reaching EGP5.56tn during Q1-2024

 The financial statement of the Central Bank of Egypt, ending last March, revealed a 15% growth in the total assets of CBE during the first 3 months of the current year, reaching EGP5.559 tn by the end of March 2024, compared to EGP 4.834 tn by the end of December 2022, with an increase of EGP725.65bn.

Gold reserves increased by 63.15%, totaling EGP424.46bn by the end of March 2024, compared to about EGP260.2 bn by the end of December 2023, with an increase of EGP164.3bn.

CBE's balances with commercial banks surged by 61.5%, reaching approximately EGP832.9 bn by the end of March 2024, compared to EGP515.9 bn by the end of December 2023.

Regarding the contributions of CBE to the capital of international financial institutions, its contributions increased from EGP21.8bn by the end of December 2023 to EGP22.6 bn by the end of March 2024, growing by 4.01% during the first 3 months of this year.

Additionally, CBE's contributions to the capital of affiliated and sister companies increased by 49.7% during the first 3 months of this year, totaling EGP 449.7 bn by the end of March 2024, compared to EGP47.8bn by the end of December 2022.