The total assets of the Central Bank of Egypt (CBE) recorded EGP 2.986trn in June 2022, compared to EGP 2.028trn in June 2021, an increase of about EGP 958bn.
According to the bank’s financial statements published on its website, the bank’s total equity rose to EGP 123.514bn in June 2022, compared to EGP 60.243bn in June 2021, an increase of EGP 63.271bn, while the bank’s capital amounted to about EGP 21.6bn unchanged, and the reserves reached EGP 210.584bn compared to EGP 86.235bn, an increase of about EGP 124.349bn.
The Central Bank’s contributions to the capital of international financial institutions amounted to EGP 15.711bn in June 2022, compared to EGP 10.844bn in June 2021.
The bank’s financial statements revealed that its share in the African Export-Import Bank increased to EGP 8.220bn compared to EGP 3.680bn while its contribution to the Islamic Development Bank amounted to EGP 4.376bn compared to EGP 4.049bn.
The Central Bank’s contributions to the Arab Fund for Economic and Social Development amounted to EGP 1.409bn, EGP 51m to the Arab Trade Finance Program, and EGP 64m to the Islamic Solidarity Fund.
In the same context, the Central Bank’s financial statements revealed that its contributions to banks’ capital rose to EGP 25.140bn in June 2022, compared to EGP 21.024bn in the previous June.
The Central Bank raised its contributions to the Arab African International Bank to record EGP 19.119bn, compared to EGP 15.878bn, while its contributions to the Arab International Bank rose to EGP 6.021bn compared to EGP 5.146bn.
The total contributions of the Central Bank to the capital of subsidiaries and sister companies increased to EGP 27.479bn in June 2022, compared to EGP 21.960bn in June 2021.
The Central Bank’s financial statements revealed an increase in its contribution to the Egyptian Banks Company to EGP 1.601bn compared to EGP 287m, while the volume of its contribution to the Egyptian Mortgage Refinance Company rose to EGP 143m compared to EGP 138m, and its contribution to the Credit Guarantee Company increased from EGP 246m to EGP 329m.
The Central Bank’s contribution to the Nile Transfer amounted to EGP 76m in June 2022 compared to EGP 70m in June 2021, while its share in Altera Infrastructure recorded EGP 125m unchanged, and the Misr for Central Clearing, Depository and Registry (MCDR) amounted to about EGP 65m in June 2022 compared to EGP 70m in the comparison period.
The financial statements of the Central Bank revealed that the Central Bank achieved profits of EGP 1.966bn from its investments in sister companies in June 2022, compared to profits of EGP 1.203bn in June 2021.
The Central Bank’s investments in the Arab African International Bank contributed to achieving a profit of EGP 1.285bn for the Central Bank, EGP 274m from the Arab International Bank, and EGP 293m from the Egyptian Banks Company in June.
The Credit Guarantee Company also contributed EGP 84m to the profits of the Central Bank, the Egyptian Mortgage Refinance Company contributed EGP 11m, while the Nile Transfer contributed EGP 16m, and the EgyCash by EGP 8m.