CAIRO: Egypt has seen an annual increase of 22.3 percent in bank deposit balances during the year 2020-2021, to reach 5.7 trillion Egyptian pounds ($362 billion). The value of deposits of the retail, or family, sector and the private business sector achieved the highest annual rates of growth in the fiscal year 2020/21 compared to 2019/20, the Central Agency for Public Mobilization and Statistics reported. The retail sector’s bank deposits amounted to almost 3.9 trillion Egyptian pounds, indicating an annual increase of 20 percent, during the financial year 2020/21. Individuals contributed nearly 97 percent of the total deposits in the retail sector, with the sector as a whole having accounted for 68 percent of the total bank deposits, according to CAPMAS. The bank deposit balances of the private business sector amounted to 671 billion Egyptian pounds during the year, an annual increase of 18.3 percent. The organized private sector accounted for 73 percent of the private business sector deposits, with the sector"s deposits amounting to 11.7 percent of the total bank deposits. The remainder of the bank deposits was contributed mostly by the public services sector with a total value of 732 billion Egyptian pounds. Bank deposits by this sector witnessed the highest yearly growth of 43 percent. Within the public services sector, the state treasury and government administration accounted for the bulk of the deposits, namely 97.5 percent.