Egypt Daily News – Net foreign assets of the Egyptian banking sector rose in March to $15.05 billion (equivalent to EGP 760.839 billion), up from $10.2 billion at the end of February (equivalent to EGP 515.856 billion).
This marks a continued improvement after net foreign assets recorded a surplus for the first time in May 2024, amounting to EGP 676.4 billion, compared to a deficit of EGP 174.4 billion at the end of April 2024 — the first surplus since January 2022, when it stood at EGP 9.674 billion.
The total foreign assets of the banking system (including the Central Bank and commercial banks) reached EGP 3.894 trillion by the end of March, compared to EGP 3.653 trillion at the end of February and EGP 3.506 trillion at the end of December 2024.
On the liabilities side, total foreign obligations declined to EGP 3.133 trillion by the end of March, down from EGP 3.137 trillion in February 2025 and EGP 3.240 trillion at the end of December.
