Loans provided to customers hit LE1.82T by end of Feb.

CAIRO – 22 May 2019: Total loans provided to banks’ customers, excluding the Central Bank of Egypt, recorded LE 1.823 trillion by end of February, compared to LE 1.806 trillion by end of January, marking an increase of LE 1 billion, according to the Central Bank of Egypt (CBE).

CBE added in a report that governmental loans reached LE 586.4 billion, LE 227.6 billion of which were provided in local currency and LE 340.7 billion in foreign currency.

It added that non-governmental loans increased to LE 1.255 trillion, explaining that LE 959 billion of which were in local currency.

CBE noted earlier that total deposits at the banking system, excluding the Central Bank, rose by LE 41.7 billion, to reach LE 3.879 trillion by the end of February 2019, compared to LE 3.837 trillion by the end of January.