CBE asserts improvement of economic performance

Data released by the Central Bank of Egypt CBE asserted the continuity of the improvement of the economic growth through the monetary and financial indicators.

Bank credit facilities, except the CBE, total lending and discount increased in May to LE 307.7 billion from LE 296.1 billion for the same month last year.

The total reserve of the foreign currency hit 3.5 billion over the period from July to May.

Foreign direct investment mounted from $184.3 million to $1915.3 million in the same period.

Domestic liquidity increased to LE 484.2 billion by the end of April. Credit facilities reserves increased by LE 9.1 billion.