The 10 largest banks operating in the local market’s total financial position in March 2021 climbed to 5.930 trillion in March 2021
Banks operating in Egypt saw an increase of EGP 532 billion in their overall total financial position, announced the Central Bank of Egypt, recorded at EGP 7.55 trillion by the end of March.
Excluding the central bank itself, financial safety indicators on the assets side for banks were estimated at EGP 54.19 billion in March 2020, with balances within Egypt at EGP 1.07 trillion and balances with banks abroad at around EGP 335.9 billion.
Credit facilities were at around EGP 2.648 trillion, while the stock portfolio and banks’ investments in Treasury bills (T-bills) recorded EGP 2.838 trillion.
The CBE stated that, on liabilities, the capital of banks were recorded at EGP 177.920 billion in March 2021, with reserves at recorded EGP 347.826 billion, and the balance of provisions at around EGP 165.588 billion.
To each other, bank liabilities amounted to about EGP 307.012 billion, while their obligations to banks abroad recorded EGP 111.968 billion.
Total deposits amounted to about EGP 5.496 trillion while the balances of bonds and long-term loans amounted to EGP 228.977 billion.
The 10 largest banks operating in the local market’s total financial position in March 2021 climbed to 5.930 trillion in March 2021.
Ranked, the banks are the National Bank of Egypt (NBE); the Commercial International Bank Egypt (CIB); Banque Misr; QNB Alahli; the Arab African International Bank (AAIB); HSBC Egypt; the Faisal Islamic Bank of Egypt; the AlexBank; and Crédit Agricole Egypt.
In terms of the top five banks, their total financial position rose to about EGP 5.254 trillion in March 2021, compared to EGP 4.858 trillion in December 2020.
