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Egypt Post deposits record EGP 95.7bn in FY 2019/20 - Daily News Egypt

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Egypt Post deposits record EGP 95.7bn in FY 2019/20

The union aims to ensure the existence of a universal   network that sets rules for international postal services, sets recommendations to develop financial services, and improves the quality of services provided to customers under the slogan "Innovation and integration".


The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that deposits at Egypt Post reached EGP 95.7bn in fiscal year (FY) 2019/20.

The figure was revealed in a press statement to mark the World Post Day, which is celebrated annually on 9 October. It marks the anniversary of the 1874 establishment of the Universal Postal Union which represents the main forum for cooperation between postal sectors around the world.

The union aims to ensure the existence of a universal   network that sets rules for international postal services, sets recommendations to develop financial services, and improves the quality of services provided to customers under the slogan “Innovation and integration”.

CAPMAS revealed that the value of deposits in the post offices decreased by 4.6% in FY 2019/20 from EGP 100.4bn in FY 2018/19.

The value of paid pensions from post offices reached EGP 84.2bn in FY 2019/20, compared to EGP 78.3bn in FY 2018/19, reflecting an increase of 7.5%.

At the same time, the value of deposits by postal cheques reached EGP 136.9bn in FY 2019/20, compared to EGP 132.3bn in FY 2018/19, reflecting an increase of 3.5%.

The value of sold stamps and forms in postal offices reached EGP 239.3m in FY 2019/20, compared to EGP 247.3m in FY 2018/19, a decrease of 3.3%.

The number of internal correspondences recorded in governmental units reached 23.2 in FY 2019/20 compared to 28.0m in FY 2018/19, a decrease of 17.1%.

Meanwhile, the number of post offices nationwide decreased 0.2% to 3,973 in FY 2019/20, compared to 3,981 offices in FY 2018/19.

The total number of electronic payment units reached 3,950 in FY 2019/20, compared to 2,381 units in FY 2018/19, an increase of 65.9%. An electronic payment unit is an automated system that enables users to conduct financial transactions and balance inquiries.

Topics: Egypt Post

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https://dailyfeed.dailynewsegypt.com/2020/10/07/egypt-post-deposits-record-egp-95-7bn-in-fy-2019-20/
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