During H1 2023, banks recorded reserves worth EGP 492.386 billion, of which EGP 377.942 billion were held by the 10 largest banks and EGP 326.422 billion by the 5 largest banks
The conference was organized by the South Korean Ministry of Economy and Finance and the Korea Export-Import Bank, in cooperation with the African Development Bank (AfDB)
During the meetings, they coordinated and agreed to hold specialized banking forums in Egypt, Tunisia, and Qatar.
Annually, the CBE’s figures indicate an uptick of 5.39% year-on-year in August compared to $33.14 billion during the same month in 2022
Total non-governmental deposits in local currency within banks increased to EGP 5.791 trillion in July 2023, compared to approximately EGP 5.411 trillion in December 2022
