The Central Bank of Egypt reported that the banking sector's net foreign assets rose to $28.418 billion in July 2026, equivalent to EGP 1.454 trillion, from $27.965 billion, or EGP 1.378 trillion, in June. The figure covers the central bank together with all banks operating in Egypt, and represents a monthly gain of approximately $453 million, or about 1.6 per cent in dollar terms. Total foreign assets held by the banking system reached the equivalent of EGP 5.146 trillion, against EGP 4.939 trillion a month earlier. Foreign liabilities also increased over the period, rising to EGP 3.691 trillion from EGP 3.591 trillion.
The data were published on 3 September. Separately, the central bank reported in August that Egypt's net international reserves had reached a record $56.29 billion at the end of July. Net foreign assets, widely regarded as a key indicator of the banking sector's resilience, measure the difference between the sector's foreign-currency assets and its foreign-currency obligations.
CURRENCY EFFECTS BEHIND THE HEADLINE FIGURE
The scale of the improvement depends materially on the currency in which it is measured. In Egyptian pounds, the net foreign asset position advanced roughly 5.5 per cent between June and July, while the dollar-denominated increase was approximately 1.6 per cent. The divergence reflects movement in the exchange rate, with the pound trading at about 51.1934 to the dollar in July against roughly 49.2763 in June. Converting foreign holdings at a weaker pound rate raises their value in local-currency terms.
Gross foreign assets and gross foreign liabilities each grew during the month.
EXTERNAL POSITION AND REMAINING PRESSURES
The July reading extends a recovery visible across the central bank's own series. Net foreign assets stood at $22.9 billion in April 2026 and $23.73 billion in November 2025, though the latest figure remains below the record $29.54 billion reached in January 2026.