The Central Bank of Egypt (CBE) has reported a remarkable increase in net foreign assets within the Egyptian banking system, which rose by approximately $1.5 billion during February 2025. This surge brings the total to $10.17 billion (equivalent to EGP515.856 billion), a notable increase from $8.7 billion (EGP437.261 billion) recorded in January.
Total foreign assets in the banking sector
According to a recent report from the CBE, the total foreign assets of the banking sector—including both the Central Bank and commercial banks—amounted to EGP3.653 trillion in February, compared to EGP3.579 trillion the previous month. During this period, foreign liabilities saw a slight decline, decreasing to EGP3.137 trillion from EGP3.142 trillion.
Increase in local liquidity in the banking sector
Moreover, the Central Bank has noted an increase in local liquidity within the banking sector, which rose to EGP12.218 trillion in February 2025, up from EGP11.636 trillion in December 2024—an increase of EGP581.9 billion.
Read more: Egypt’s net international reserves surge to $47.26 billion in January
Growth of money supply (M1)
The money supply (M1) experienced growth, rising to EGP3.054 trillion in February, compared to EGP2.803 trillion in December. The volume of cash circulating outside the banking system reached EGP1.197 trillion, up from EGP1.121 trillion.
Non-governmental deposits in local currency
The Central Bank reported that non-governmental deposits in local currency held by banks climbed to EGP7.982 trillion in February 2025, up from EGP7.555 trillion in December 2024—an increase of EGP427.2 billion.
Demand deposits in local currency
Demand deposits in local currency reached EGP1.857 trillion in February, compared to EGP1.682 trillion in December. The public business sector accounted for EGP117.828 billion of these deposits, while the private sector held EGP1.009 trillion, and the household sector held EGP730.077 billion.
Term deposits and savings certificates in local currency
In terms of term deposits and savings certificates in local currency, these reached EGP6.125 trillion in February, an increase from EGP5.873 trillion in December. Within this total, the public business sector held EGP72.297 billion, the private sector EGP344.481 billion, and the household sector EGP5.708 trillion.
Non-governmental deposits in foreign currencies
In a related context, the CBE reported that non-governmental deposits in foreign currencies held by banks rose to the equivalent of EGP3.037 trillion in February 2025, compared to EGP2.959 trillion in December 2024.
Demand deposits in foreign currencies
Demand deposits in foreign currencies totaled EGP731.035 billion, while term deposits and savings certificates stood at approximately EGP2.306 trillion. The public business sector held EGP42.494 billion in demand deposits in foreign currencies, the private business sector accounted for EGP489.594 billion, and the household sector held EGP199 billion. For term deposits and savings certificates, the public business sector accounted for EGP141.734 billion, the private business sector EGP547.569 billion, and the household sector EGP1.617 trillion.
