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Egypt Banks deposits climbing: report

Despite increase in banking deposits, Egypt has witnessed a decrease in production of crude oil

Ahram online, Thursday 30 Dec 2010
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Total deposits in banking system, (excluding the Central Bank of Egypt), has attained LE 937.4 bn. during October 2010 increasing by about 12.1% compared with its level during the same month of the previous year, today's bulletin on economic and social indicators of Egypt prepared by the Center for Information and Decision Support Center of the Egyptian Cabinet showed.

According to the same report, total domestic liquidity reached LE 961.4 bn. during October 2010, attaining a rise of around 13.4% compared with its level during the same month of the previous year.

In the meanwhile,net international reserves reached US$ 35.6 bn. at the end of November 2010, achieving an increase by nearly 4.4% compared with its level during the same month of the previous year.

The report pointed out to the slight decrease in crude oil production from LE 2675 billion in the period from January to September 2009, to LE 26034 in the same period 2010.

In contrast, the report showed an increase in the receipts of Suez Canal amounting to US$ 412.8 million during November 2010, recording an increase by about 12.9% compared with its level during the same month of the previous year.

 

The index of railway passengers has seen 4.7% increases in revenues reaching a total of LE 819.3 million during the period (Jan. – Nov.)

As for the revenues of railway cargo, they attained LE 281.6 million during the period (Jan. – Nov.) 2010 showing 21.5% increase compared with their level during the same period of the previous year.

 

Total generated electricity attained 11255.2 million kwh during November 2010, recording an increase by about 8.3% compared with its level during the same month of the previous year.

 
 

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