23 Hrs
Source:
عربي21
Egyptian savings rates fall
The report's results reveal a significant deterioration in savings and liquidity conditions in Egypt, with local bank balances declining for the first time in ten years. By the end of June 2025, liquidity reached 15.261 trillion Egyptian pounds. Additionally, the savings rate dropped from 10% to 1% of the gross domestic product, marking its lowest level in years. This decline reflects the erosion of citizens' financial capacities and increasing living pressures, as many shifted from saving to spending on essential goods and services. A large number of individuals have resorted to safe havens such as gold and real estate. The decrease in liquidity and diminished confidence in the banking system reduce banks' ability to finance projects, deepening the economic crisis and increasing reliance on external funding. It is expected that the situation will continue to deteriorate if these trends persist.
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