Total deposits in foreign currency excluding the Central Bank of Egypt jumped by 72.27% during the first 10 mo

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Egypt’s CBE says total deposits in foreign currency increases by 72.27% in 10M

FirstBank

Total deposits in foreign currency (excluding the Central Bank of Egypt) jumped by 72.27% during the first 10 months of 2022 jumping from EGP 650.825 billion pounds at the end of 2021, to EGP1.121 trillion at the end of October 2022, achieving an increase of EGP470.330 billion.

On a monthly basis, total deposits in foreign currency increased by 24.77% compared to 898.572 billion pounds at the end of September 2022, achieving an increase of 222.583 billion pounds.