CBE: Banking sector assets up 116.9% of GDP by FY ’23

By Nada Ali On Oct 2, 2024

Egypt Central Bank of Egypt's — The Central Bank of Egypt's (CBE) headquarters in the new administrative capital (CBE Photo)

The Egyptian banking sector continued to demonstrate strong financial performance, with its total assets reaching a substantial 116.9 per cent of the nominal GDP and 92.3 per cent of the total financial system assets by the end of fiscal year 2023-2024.

The sector’s financial position improved significantly until March 2024, with strong safety indicators exceeding regulatory ratios set by the Central Bank of Egypt (CBE) and Basel Committee requirements.

Attribution: Central Bank of Egypt

Subediting: M. S. Salama

Basel Committee Basel Committee on Banking Supervision Central Bank of Egypt Central Bank of Egypt (CBE)Egypt's central bank Egypt’s Banking Sector Egyptian banking sector financial system assets