The Central Bank of Egypt (CBE) announced on Thursday that its net profit surged to 133.424 billion Egyptian pounds by the end of February 2025, marking an increase from 123.884 billion pounds in January 2025. According to the CBE's Monthly Financial Position Report, total equity also saw an uptick, rising to 189.656 billion pounds in February, compared to 180.096 billion pounds in the previous month. Meanwhile, total liabilities rose to 6.310 trillion pounds at the end of February, slightly up from 6.277 trillion pounds in January. The report further highlighted mixed trends in banking sector balances: * Due to banks in local currency stood at 1.759 trillion pounds in February, reflecting a slight dip from 1.800 trillion pounds in January. * Due to banks in foreign currencies declined to 2.015 trillion pounds in February, down from 2.029 trillion pounds in January. These figures underscore continued growth in the CBE's financial performance, despite minor fluctuations in banking sector deposits. Attribution: Amwal Al Ghad English Download
