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Banking Sector

CBE reveals total financial position of banks operating within local market in H1 2023

During H1 2023, banks recorded reserves worth EGP 492.386 billion, of which EGP 377.942 billion were held by the 10 largest banks and EGP 326.422 billion by the 5 largest banks

Egyptian banking sector’s domestic liquidity jumps to EGP 8.34trn in July | CBE

Total non-governmental deposits in local currency within banks increased to EGP 5.791 trillion in July 2023, compared to approximately EGP 5.411 trillion in December 2022

Digital banks required to maintain min. EGP 2B as part of new CBE regulations

The new licensing regulations stipulate that digital banks must maintain a minimum issued and paid-up capital of EGP 2 billion ($65 million), the CBE explained

Egyptian Islamic banking sector grows 25% YoY in March | Islamic Finance Association

According to the EIFA’s latest data, Islamic banking accounts for approximately 5% of the overall Egyptian banking sector

Egyptian banking sector's domestic liquidity surges to EGP 8.06tr, indicating strong financial health

Egypt's banking sector is on a path of growth and stability as domestic liquidity reaches EGP 8.06 trillion, marking a significant increase.