CBE's assets grow by 22.7%, reaching EGP5.93tn during 5M-2024

The financial statement of the Central Bank of Egypt, ending last May, revealed 22.73% growth in the total assets of CBE during the first 5 months of the current year, reaching EGP5.93 tn by the end of May 2024, compared to EGP 4.83 tn by the end of December 2023, with an increase of EGP1.10tn.

Gold reserves increased by 73.70%, totaling EGP451.2bn by the end of May 2024, compared to EGP260.2 bn by the end of December 2023, with an increase of EGP191bn.

CBE's balances with commercial banks surged by 73.83%, reaching approximately EGP896.8bn by the end of May 2024, compared to EGP380.9bn 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 May 2024, growing by 3.86% during the first 5 months of this year. Additionally, CBE's contributions to the capital of affiliated and sister companies increased by 4% during the first 5 months of this year, totaling EGP 49.7bn by the end of May 2024, compared to EGP47.8bn by the end of December 2023.