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Published 16 days ago

EGP 2.8trn increase in total financial position of banks during 2023: CBE - Dailynewsegypt

Summary by Daily News Egypt
The Central Bank of Egypt (CBE) has disclosed a significant increase in the total financial position of banks operating in the local market. In 2023, this position reached approximately EGP 14.2trn, compared to EGP 11.399trn in December 2022—an impressive surge of about EGP 2.8trn. In a recent report issued on Tuesday, the CBE provided insights into the assets side of these banks. Cash balances in banks amounted to EGP 116.385bn in December 2023…

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EGP 2.8trn increase in total financial position of banks during 2023: CBE - Dailynewsegypt

The Central Bank of Egypt (CBE) has disclosed a significant increase in the total financial position of banks operating in the local market. In 2023, this position reached approximately EGP 14.2trn, compared to EGP 11.399trn in December 2022—an impressive surge of about EGP 2.8trn. In a recent report issued on Tuesday, the CBE provided insights into the assets side of these banks. Cash balances in banks amounted to EGP 116.385bn in December 2023…

16 days ago·Egypt
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