The Central Bank of Egypt (CBE) disclosed a record surge in the aggregate local debt to reach EGP 1.5 trillion during fiscal year (FY) 2012-2013, up by EGP 276.9 billion, compared with FY 2011-2012.
Meanwhile, the external debt increased to USD 43.2 billion by the end of June (EGP 300 billion), against USD 34.4 billion, to bring the total domestic and external debt to EGP 1.8 trillion.
The CBE noted in its monthly report, released Thursday, that the financial status of the Egyptian banks, except for the CBE, has surged by EGP 26.6 billion, to reach nearly EGP 1.5 trillion. The report further noted that the volume of cash hit EGP 1.3 trillion, up by EGP 2 billion.
The CBE further said that the total deposits of the banking system, other than the Central Bank of Egypt's (CBE) deposits, hiked by about 20 billion pounds to hit 1.210 trillion pounds in July against 1.190 trillion pounds in the same period last year.
The CBE added that the government's total deposits reached EGP 136.7 billion, EGP 66.7 billion of which are local currency deposits and about EGP 70 billion are foreign currency deposits.
The CBE, meanwhile, noted that the non-governmental total deposits increased during July to reach EGP 1.07 trillion compared to EGP 1.06 trillion in the previous month.