80% rise in net foreign assets

Daily News Egypt
1 Min Read

The net foreign assets of the Egyptian banking sector as a whole, including the Central Bank of Egypt (CBE), scored about EGP 174.878bn at the end of August, compared to EGP 139.658bn at end of July, according to CBE figures.

The CBE 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 CBE itself, the volume of foreign assets reached EGP 94.599bn in August, compared to EGP 95.172bn in July.

 

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