Net foreign assets (NFA) of Egypt’s banking sector increased to $29.5bn (EGP 1.385trn) in January 2026, up from $25.452bn (EGP 1.216trn) in December 2025, an increase of approximately $4.048bn. NFA are widely regarded as a key indicator of banking sector stability and resilience, reflecting the difference between foreign currency assets and liabilities. Meanwhile, total foreign currency liabilities declined to EGP 3.306trn from EGP 3.388trn in December. Shaimaa Wagih, a banking expert, explained that net foreign assets represent the difference between banks’ foreign currency assets—such as deposits, securities and reserves—and their foreign currency liabilities. It also strengthens banks’ ability to finance the real economy while maintaining a foreign currency surplus, enabling them to extend foreign currency funding to export-oriented and investment projects.

Source: Daily News Egypt March 02, 2026 15:15 UTC