{"id":663214,"date":"2025-04-06T00:00:00","date_gmt":"2025-04-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/06\/net-foreign-assets-rise-for-a-second-month-hitting-usd-10-2-bn-in-february\/"},"modified":"2025-04-06T00:00:00","modified_gmt":"2025-04-06T00:00:00","slug":"net-foreign-assets-rise-for-a-second-month-hitting-usd-10-2-bn-in-february","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/06\/net-foreign-assets-rise-for-a-second-month-hitting-usd-10-2-bn-in-february\/","title":{"rendered":"Net foreign assets rise for a second month, hitting USD 10.2 bn in February"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Net forei<\/strong><strong>gn assets in Egypt\u2019s banking sector rose for a second month running<\/strong>, logging USD 10.2 bn in February, up 17.2% from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72430591-5872-456b-a306-a24acca2de0b\/egypt%25e2%2580%2599s-net%253cmark%253e-foreign-assets%253c%2Fmark%253e-jump-65.8%2525-to-usd-8.7-bn-in-january\" style=\"\" rel=\"noopener\">January\u2019s USD 8.7 bn<\/a> surplus, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/45.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a> from the Central Bank of Egypt. The two-month rebound follows a sharp three-month downturn during which net foreign assets fell to just <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b2d33b2d-c7bb-4cb7-a579-7eac508df956\/egypt%25e2%2580%2599s%253cmark%253e-net-foreign-assets%253c%2Fmark%253e-dropped-12%2525-to-usd-5.2-bn-in-december\" style=\"\" rel=\"noopener\">USD 5.2 bn in December<\/a> from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0031ef5-827e-479f-808b-01e8c84f0320\" style=\"\" rel=\"noopener\">USD 10.3 bn in September<\/a> \u2014 a period marked by seasonal FX pressures and heightened USD demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A narrower deficit at commercial banks helped lift the sector\u2019s external position<\/strong>, with its net foreign asset deficit shrinking to USD 1.9 bn in February from USD 3.3 bn a month earlier. The improvement came as foreign assets rose to USD 26.2 bn, while liabilities dipped to USD 28.1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The central bank continued to book modest gains<\/strong>, recording a net foreign asset surplus of USD 12.1 bn in February, up slightly from USD 12.0 bn in January. Foreign assets rose to USD 46.0 bn from USD 45.7 bn, while foreign liabilities eased to just under USD 33.9 bn from USD 33.8 bn a month earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, the banking system\u2019s external position remains well below last year\u2019s peak. <\/strong>Egypt\u2019s net foreign asset surplus is down 28.7% from its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05dbfb21-5b24-459c-8961-cd7efb29461b\/net-foreign-assets-record-their-first-surplus-in-over-two-years\" style=\"\" rel=\"noopener\">May 2024 high<\/a> of USD 14.3 bn. Commercial banks have remained in deficit for seven consecutive months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The May peak marked the first time that net foreign assets recorded a surplus in over two years, which followed the receipt of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4461a6ec-f67a-45d9-b396-b6b1f6533a35\/second-usd-20-bn-tranche-of%253cmark%253e-ras-el-hekma%253c%2Fmark%253e-funds-land-in-state-coffers\" style=\"\" rel=\"noopener\">second and final tranche<\/a> of the USD 35 bn Ras El Hekma agreement bringing in some USD 14 bn of fresh inflows. Prior to that, the country had been in a sustained deficit since February 2022, when Russia\u2019s invasion of Ukraine triggered capital outflows of around USD 20 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The global press also took note of the news: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypts-net-foreign-assets-climb-february-2025-04-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A narrower deficit at commercial banks helped lift the sector\u2019s external position<\/p>\n","protected":false},"author":1,"featured_media":663215,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7350],"tags":[204,271,72,2234,655],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-banking","tag-central-bank-of-egypt","tag-enterpriseam","tag-foreign-exchange","tag-foreign-reserves","wpautop","entry"],"acf":{"mongo_id":"c444177c-f7dd-4b76-bf3d-b28a057dc43a","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/553.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s net foreign assets rise for a second month, hitting USD 10.2 bn in February","related_issue":[663199],"teaser":"A narrower deficit at commercial banks helped lift the sector\u2019s external position","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.9341f34d-9be6-4738-9f4b-8e11ccbc409d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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