Egypt – 35.4% savings growth at insurance companies
Thursday, 05 19 2016, Category: Insurance and Reinsurance, Country: Egypt
The Central Agency for Public Mobilization and Statistics issued on Wednesday the annual statistics of individual savings according to the main categories of savings for year 2014/2015.
The accounts showed that saving accounts in the main categories of savings reached EGP 2237.3 billion in year 2014/2015 compared to EGP 1354.6 billion in year 2013/2014, which represents a 65.2% increase.
The saving accounts at insurance companies in both the public and private sectors reached EGP 21.4 billion in year 2014/2015 compared to EGP 15.8 billion in year 2013/2014, which represents a 35.4% increase noting that this amount accounts for 1% of total savings in the main categories.