Banking sector sees local liquidity climbing in April

Egypt’s banking sector continued to witness growth in April 2025, with total local liquidity climbing to LE 12.684 trillion, according to the latest figures from the Central Bank of Egypt (CBE). This marks an increase from LE 12.566 trillion recorded in March.

The CBE’s report shows mixed performance across key monetary components. The money supply declined slightly, reaching LE 3.170 trillion in April, compared to LE 3.209 trillion in the previous month. Similarly, cash in circulation outside the banking sector edged down to LE 1.292 trillion from LE 1.296 trillion.

Non-governmental deposits in local currency rose to LE 8.270 trillion, up from LE 8.195 trillion in March. While demand deposits decreased to LE 1.878 trillion (from LE 1.912 trillion), time deposits and savings certificates increased notably to LE 6.392 trillion, up from LE 6.283 trillion.

Sector-specific data shows that households held the lion’s share of local currency time deposits and savings certificates, totaling LE 6.012 trillion. The private sector followed with LE 302.683 billion, and public business sector holdings stood at LE 77.193 billion. For demand deposits, the private sector led with LE 1.021 trillion, followed by households at LE 745.9 billion, and the public business sector at LE 111.065 billion.

Foreign currency deposits also saw a rise, with non-governmental holdings increasing to the equivalent of LE 3.121 trillion, up from LE 3.074 trillion in March. Of this, demand deposits amounted to LE 766.662 billion, while time deposits and savings certificates reached LE 2.354 trillion.

In terms of foreign currency distribution, households again dominated time deposits and savings certificates with approximately LE 1.668 trillion. The private sector held LE 538.134 billion, while public business sector deposits stood at LE 148.218 billion. Demand deposits were similarly concentrated in the private sector (LE 507.175 billion), followed by households (LE 209.864 billion) and the public business sector (LE 49.981 billion).

On the external side, the net foreign assets of Egypt’s banking system declined slightly to $13.5 billion (LE 687.723 billion), compared to $15.05 billion (LE 760.839 billion) in March. Total foreign assets increased to LE 3.963 trillion, up from LE 3.894 trillion, though this was offset by a rise in total foreign liabilities to LE 3.275 trillion from LE 3.133 trillion.