Egypt Banking Sector Net Foreign Assets Rise to USD 28.4 Billion

Net foreign assets increased in July as foreign holdings rose across the Central Bank of Egypt and commercial banks.

Egypt’s banking sector net foreign assets rose to USD 28.418 billion in July 2026, equivalent to EGP 1.454 trillion, up from USD 27.965 billion in June, according to Central Bank of Egypt data.

Total foreign assets held by the banking system, including the Central Bank and commercial banks, increased to EGP 5.146 trillion in July from EGP 4.939 trillion a month earlier. Foreign liabilities also rose, reaching EGP 3.691 trillion from EGP 3.591 trillion.

Net foreign assets represent the difference between the banking sector’s foreign-currency assets and liabilities. The US dollar exchange rate stood at EGP 51.1934 in July, compared with around EGP 49.2763 in June.

Domestic liquidity increased to EGP 15.499 trillion in July from EGP 15.261 trillion in June. Money supply was broadly unchanged at EGP 4.489 trillion, while currency circulating outside the banking system declined to EGP 1.631 trillion from EGP 1.649 trillion.

Non-government deposits in local currency rose to EGP 10.443 trillion, including EGP 2.858 trillion in demand deposits and EGP 7.584 trillion in time deposits and savings certificates. Household balances accounted for the majority of the latter, at EGP 7.100 trillion.

Foreign-currency deposits also increased, reaching the equivalent of EGP 3.425 trillion in July from EGP 3.264 trillion in June. Of that total, EGP 868.148 billion was held in demand deposits, while EGP 2.557 trillion was held in time deposits and savings certificates.