Net foreign assets of Egypt’s banking sector continued their upward trajectory, reaching $29.5 billion (EGP 1.385 trillion) in January 2026, up $4 billion from $25.5 billion in December 2025. This follows a $20.3 billion cumulative rise throughout 2025, reflecting sustained stability and capacity to meet external obligations, per Central Bank of Egypt data.
Central Bank of Egypt (CBE) data shows total foreign assets rose to EGP 4.692 trillion in January 2026 from EGP 4.604 trillion in December, while liabilities fell to EGP 3.306 trillion from EGP 3.388 trillion.
Banking expert Shaimaa Wagih explained that positive NFA—assets minus liabilities—signals a foreign currency surplus, enabling the sector to meet demand without pressure. The shift to positive NFA since May 2024, post-Ras El Hekma deal, underscores successful policies amid past challenges like 2022 shortages and global pressures.
The January rise enhances CBE’s market intervention flexibility, stabilizes the Egyptian pound, supports real economy financing, exports, and FDI. It improves liquidity, reduces borrowing needs, and positions Egypt as a regional financial hub resilient to shocks.
Wagih attributes gains to monetary policies, fiscal reforms, reserve strengthening, and confidence rebuilding, making NFA a lever for sustainable growth.