The aggregate balance sheet of banks operating in the local market — excluding the central bank — rose to EGP 24.752trn by end-August 2025, compared with EGP 24.275trn by end-June 2025, an increase of around EGP 477bn, the Central Bank of Egypt (CBE) revealed in a recent report.
On the assets side, the CBE explained that cash balances at banks stood at around EGP 204.715bn. Banks’ balances with one another domestically totalled around EGP 2.825trn, while their balances with banks abroad reached around EGP 1.594trn. It added that lending and discount balances to customers recorded around EGP 9.596trn, while the securities portfolio and banks’ investments in Treasury bills totalled EGP 7.423trn. The volume of other assets — which the CBE did not detail — amounted to around EGP 3.108trn.
On the liabilities side, the CBE said banks’ capital stood at around EGP 595.816bn, reserves at EGP 987.160bn, and provisions at around EGP 646.690bn. Banks’ liabilities to one another domestically totalled around EGP 1.473trn, while liabilities to banks abroad stood at EGP 661.742bn. Total deposits amounted to EGP 15.063trn, while bonds and long-term loans totalled EGP 968.596bn. Other liabilities — which the CBE did not detail — amounted to around EGP 4.355trn.
In more detail, the CBE said customer deposits at banks rose to EGP 15.187trn by end-August 2025, compared with EGP 14.954trn at end-July, an increase of EGP 233bn. According to the CBE, government deposits at banks totalled around EGP 3.031trn, including around EGP 2.571trn in local currency and the equivalent of around EGP 460.315bn in foreign currencies. Non-government deposits amounted to EGP 12.156trn, including around EGP 8.971trn in local currency and the equivalent of around EGP 3.184trn in foreign currencies.
The report noted that the public business sector accounted for around EGP 158.696bn of total non-government deposits in local currency, while the private business sector’s share was EGP 1.484trn, the household sector EGP 7.277trn, and non-residents EGP 51.026bn. Meanwhile, in foreign-currency non-government deposits, the public business sector accounted for the equivalent of EGP 197.014bn, the private business sector the equivalent of EGP 1.020trn, the household sector the equivalent of EGP 1.852trn, and non-residents the equivalent of EGP 115.110bn.
The Central Bank of Egypt said the household sector accounted for 76.1% of total deposits at banks. It noted that this sector held around 81.6% of total deposits in local currency, while its share of foreign-currency deposits stood at around 60.3%. It added that the growth rate in total deposits at banks during August 2025 reached around 23.4%. The growth rate in local-currency deposits was 26.4%, while the growth rate in foreign-currency deposits was 15.5%. The CBE noted that the share of foreign-currency deposits reached 25.60% of total bank deposits by end-August 2025.
By contrast, the CBE revealed that credit facilities balances at banks rose to EGP 9.596trn by end-August 2025, an increase of around EGP 274.5bn compared with end-June 2025. Credit facilities refer to loans granted by banks to their customers, as well as letters of credit and letters of guarantee opened for them to cover import operations. The CBE attributed the increase to a rise in credit facilities granted by banks to the non-government sector by EGP 164.4bn, up 3.7%, and credit facilities granted to the government by EGP 110.1bn, up 2.3%.
According to the CBE, the increase in balances granted to the government was driven by higher local-currency balances of EGP 45.4bn and higher foreign-currency balances equivalent to EGP 64.7bn. It added that, based on the relative distribution of non-government credit facilities balances, the private business sector received 59.9% of total balances. By economic activity, the industrial sector received 33.2% of those balances, followed by services at 27.2%, then trade at 8.6%, and agriculture at 1.5%. Undistributed sectors accounted for 29.5%, including 29.3% for the household sector.
The CBE’s figures also showed that domestic liquidity in the banking sector rose by around EGP 315.2bn during July and August 2025, reaching around EGP 13.388trn, a growth rate of 2.4%. The CBE said the increase resulted from a rise in quasi-money of around EGP 176.3bn, up 1.8%, and an increase in money supply of around EGP 138.9bn, up 4.1%.
It explained that the rise in quasi-money was driven by higher non-current deposits in local currency by EGP 198.6bn, up 3%, and a decline in foreign-currency deposits equivalent to EGP 22.3bn, down 0.7%. The increase in money supply resulted from higher current deposits in local currency by EGP 121.8bn, up 6.1%, and an increase in currency in circulation outside the banking system of around EGP 17.1bn, up 1.2%. The CBE said the increase in domestic liquidity during July and August was the net result of a rise in net domestic assets and net foreign assets of the banking system.
The CBE revealed that net domestic assets in the banking sector rose over the same two months by around EGP 186.7bn, up 1.5%, as a net result of an increase in domestic credit of around EGP 659.6bn, up 4.4%, and a decline in net items of the monetary survey by around EGP 472.9bn. It said domestic credit rose due to higher net claims on government of EGP 49.6bn, and higher claims on the private business sector of EGP 72.5bn, on the public business sector of EGP 74bn, and on the household sector of around EGP 60.5bn.
Net foreign assets of the banking system increased during July and August 2025 by the equivalent of EGP 128.5bn, a growth rate of 17.3%. It said this increase was driven by a rise in net foreign assets at banks equivalent to EGP 110.9bn, and at the central bank equivalent to EGP 17.6bn. In the same context, the CBE said reserve money rose over the same period by EGP 84.9bn, up 3.7%, reaching around EGP 2.405trn by end-August 2025.
It explained that this was the net result of higher local-currency deposits of banks at the central bank by around EGP 79.2bn, up 9.7%, and higher currency in circulation outside the central bank’s vaults by around EGP 5.7bn, up 0.4%. According to the CBE, the rise in reserve money was the net result of an increase in net claims on government of EGP 161.4bn, net items of the monetary survey by EGP 5.2bn, and net foreign assets at the central bank equivalent to EGP 17.6bn on the one hand, and a decline in net claims on banks of EGP 99.3bn on the other.
