Egyptian banking sector net foreign assets decline in March

The Egyptian banking sector's net foreign assets fell to $21.32 billion in March 2026, according to the Central Bank of Egypt. This marks a drop from $27.385 billion the previous month.

The Central Bank of Egypt reported that net foreign assets stood at the equivalent of EGP 1.164 trillion at the end of March. Total foreign assets rose to EGP 4.921 trillion while liabilities increased to EGP 3.756 trillion.

Domestic liquidity expanded to EGP 15.074 trillion in March from EGP 14.027 trillion at the end of 2025. Money supply grew to EGP 4.189 trillion and currency in circulation outside banks reached EGP 1.576 trillion.

Non-government deposits in local and foreign currency also increased during the first quarter. Local currency deposits rose to EGP 9.943 trillion and foreign currency deposits reached the equivalent of EGP 3.554 trillion.

Awọn iroyin ti o ni ibatan

Egypt’s Central Bank reported that the banking sector’s net foreign assets dropped 7.1% in February 2026 to $27.39bn from $29.51bn in January. The decline stems from commercial banks funding a partial exit of foreign investors from local debt amid the Iran war fallout. Meanwhile, local liquidity rose to EGP 14.286trn.

Ti AI ṣe iroyin

The Central Bank of Egypt announced a cumulative $20.3 billion increase in net foreign assets for the Egyptian banking sector throughout 2025. This surge was driven by an improved external economic position and favorable exchange rate developments.

The Egyptian pound has declined steadily against the US dollar in recent days, reaching LE47.95 on Tuesday from LE46.72 a week earlier. The drop stems from foreign investors and funds withdrawing from emerging nation bond markets, with nearly LE12 billion (US$250 million) exiting Egypt’s market over the past week.

Ti AI ṣe iroyin

Banco de la República posted profits of $2.67 trillion for February 2026, a drop of 8.49% from the same period in 2025. Total income reached $3.10 trillion, down 9.12%. The decline stems mainly from weaker performance in international reserves.

 

 

 

Ojú-ìwé yìí nlo kuki

A nlo kuki fun itupalẹ lati mu ilọsiwaju wa. Ka ìlànà àṣírí wa fun alaye siwaju sii.
Kọ