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Savings at Egypt Post reach EGP 65.8bn in FY 2012/2013 - Daily News Egypt

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Savings at Egypt Post reach EGP 65.8bn in FY 2012/2013

Pensions distributed from postal offices reached EGP 35.9bn

Egypt Post’s saving fund deposits hiked 19.9% during fiscal year (FY) 2012/2013 reaching EGP 65.8bn, compared to EGP 54.9bn the previous year, the Central Agency for Public Mobilization and Statistics (CAPMAS).

The statistics agency, which made the announcement on Saturday, added that the value of deposited amounts with postal checks increased to EGP 39.4bn, as opposed to EGP 36.3bn during FY 2011/2012.

According to the Central Bank of Egypt’s Governor, Hisham Ramez, around 25,400 people purchased the Suez Canal investment certificates, collecting approximately EGP 730m out of the total EGP 64bn.

“Value of pension disbursed from postal offices reached EGP 35.9bn in 2012/2013 compared to EGP 28.8bn in 2011/2012, with an increase of 24.7%,” the CAPMAS report read. “Number of Pensions disbursed from postal offices reached EGP 56.8m pension in 2012/2013 compared to 57.1m pension in 2011/2012, with a decrease of 0.5%.”

A minimal surge was also noted in the number of modular electronic payment, increasing from 1,719 units in FY 2011/2012 to 1767 units in FY 2012/2013. The percentage of increase was around 2.8%, CAPMAS indicated.

A significant climb was witnessed, however, in the value of the sold stamps. The mentioned value increased by 105.7% to register EGP 201m during FY 2012/2013.

CAPMAS said that the reason for this increase refers to “add of the charity, family insurance, motherhood and childhood and the United Nations to occupational stamps”.


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