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Volume of allocations in banks amounts to EGP 109.383bn - Daily News Egypt

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Volume of allocations in banks amounts to EGP 109.383bn

The volume of provisions made by banks to deal with bad and doubtful debts reached EGP 109.383bn at the end of August 2017, compared to EGP 110.218bn at the end of July 2017, a decline of about EGP 900m. At the same time, the volume of banks’ reserves in August declined by about EGP 3bn …


The volume of provisions made by banks to deal with bad and doubtful debts reached EGP 109.383bn at the end of August 2017, compared to EGP 110.218bn at the end of July 2017, a decline of about EGP 900m.

At the same time, the volume of banks’ reserves in August declined by about EGP 3bn compared to July, reaching EGP 181.839bn against EGP 184.75bn.

These reserves are usually used to support banks’ financial positions, where part of them is directed to increase the bank’s capital if needed, instead of injecting new capital from shareholders.

Topics: allocations banks

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https://wwww.dailynewssegypt.com/2017/11/18/volume-allocations-banks-amounts-egp-109-383bn/
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