Egypt's Net Foreign Assets Jump 25 Percent in One Month: Central Bank

Published November 19th, 2017 - 07:00 GMT
The net foreign assets of the banking sector in Egypt scored about EGP 174.878bn at the end of August, up from EGP 139.658bn at the end of July, according to the Central Bank. (Shutterstock)
The net foreign assets of the banking sector in Egypt scored about EGP 174.878bn at the end of August, up from EGP 139.658bn at the end of July, according to the Central Bank. (Shutterstock)

The net foreign assets of the banking sector in Egypt, including the Central Bank of Egypt (CBE), scored about EGP 174.878bn at the end of August, up from EGP 139.658bn at the end of July, according to CBE figures. 

The Central Bank noted that net foreign assets in banks reached EGP 80.279bn at the end of August, compared to EGP 44.486bn at the end of July.

As for the Central Bank itself, the volume of foreign assets reached EGP 94.599bn in August, compared to EGP 95.172bn in July.

 

You may also like

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content