Khaberni - The deposit interest rate has decreased, alongside the US Federal Reserve's interest rate cuts during the past period, reaching 5.42 points for term deposits, which signifies a decrease of about 45 points from the end of 2024, and 69 points from August last year, according to central bank data.
This comes with the banking sector's deposits growth over the last eight months of this year by approximately 4.5%, compared to the end of 2024, with the increase reaching about 5.4% compared to the same period last year.
The latest central bank data indicates that bank deposits at the end of last August reached 48.825 billion dinars, compared to 46.301 billion dinars, an increase of more than 2.526 billion dinars during the comparison period, and about 2.127 billion dinars compared to the end of 2024.
Of the total value of deposits at banks, foreign currencies constitute about 22% of them over the eight months of this year, amounting to 10.589 billion dinars, compared to 9.818 billion dinars for the same period last year, noting that it reached approximately 10 billion dinars at the end of 2024.
The private sector, both residents and non-residents, tops the list of depositors in the banking sector, with about 91%, amounting to 44.389 billion dinars, from the beginning of the year until the end of August 2025, whereas public sector deposits reached about 3.579 billion dinars approximately.
