Egyptian banks cut T-bill and securities holdings by EGP 482bn
AnalysisThursday 22 October 2026
Central Bank of Egypt data show banks reduced investments in treasury bills and securities by about EGP 482 billion in Q2 2026, to EGP 8.136 trillion. Lending and discount balances rose over the same period.
The shift from government paper toward lending is a sector-wide balance-sheet trend that matters for bank earnings and sovereign funding.
The Central Bank of Egypt has issued a circular requiring banks to obtain its prior approval before amending investment policies of affiliated investment funds where the change alters the fund's nature. The rule applies to banks operating in the domestic market and was also flagged on the CBE's own search pages.
The CBE issued new controls on bank financing of consumer finance companies, tightening supervision of this lending channel. Lenders are reassessing instalment and card-based consumer finance plans in response.
The Central Bank of Egypt and the Financial Regulatory Authority said stress tests on the ten largest banks, about 80% of sector assets, showed low to moderate capital and liquidity risk. The tests cover macroeconomic and climate scenarios and are continuously updated.
Credit Agricole Egypt reported a 4.28% year-on-year rise in consolidated profit for the nine months. Standalone net profit after tax reached about $97 million (E£5.45bn) against about $91 million (E£5.13bn) a year earlier.
