Egyptian banks' foreign assets hit six-year peak

The net foreign assets of Egyptian banks rose to $31.2 billion in August 2026, the highest level since the beginning of 2020, driven by an increase in the net foreign assets of both banks and the Central Bank. The rise was fueled by a $12.4 billion increase in the net foreign assets of the banking sector and a $18.8 billion increase in the Central Bank's holdings, reflecting a recovery in Egypt's foreign liquidity position. Additionally, Egypt's international reserves increased to $57.2145 billion by the end of August 2026, indicating an improvement in the country's financial performance and international liquidity.

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