Yara El-Janaini– The Central Bank of Egypt absorbed liquidity totaling EGP 609.74 billion in the open market deposit tender, at a fixed rate of 19.5%, with a maturity date on October 27.
Banks and Financial Institutions Submitted 16 Bids, All Fully Accepted with a 100% Allocation Rate
Banks and financial institutions submitted 16 bids, which were accepted in full with a 100% allocation rate, totaling EGP 609.74 billion.
EGP 285.325 Billion Total Amount Matured from Last Week's Open Market Deposit Tender
Conversely, the total amount matured from the open market deposit tender offered last week reached approximately EGP 285.325 billion, indicating an increase in excess liquidity among local banks during the current week.
