CAIRO, June 16 (AGCNewsNet) – Egyptian banks generated a total of EGP 152.76 billion (approximately $3 billion) in net profits during the first quarter of 2025, signaling strong resilience in the country’s banking sector amid ongoing economic pressures, the Central Bank of Egypt (CBE) said in a recent report.

The report, published by the CBE, highlighted the continued stability of the banking industry, despite a challenging macroeconomic environment characterised by inflation, currency volatility, and fiscal constraints.

Total net interest income for the period reached EGP 253.45 billion, while net operating income amounted to EGP 331.33 billion. Operating expenses across the sector stood at EGP 178.58 billion.

The country’s top ten banks dominated the earnings, accounting for nearly 79% of the sector's profits with a combined EGP 120.74 billion. Of this, Egypt’s five largest banks contributed EGP 103.4 billion—about 68% of total sector profits.

“These figures underscore the Egyptian banking sector’s robustness and its ability to maintain profitability under economic duress,” the CBE report stated.

As of March 2025, the top ten banks also recorded EGP 196.15 billion in net interest income and EGP 262.3 billion in net operating income, while their collective expenses reached EGP 141.56 billion.

Critics, however, continue to voice concerns about broader systemic issues. Some argue that existing legislation in Egypt stifles political opposition and limits avenues for transparency and accountability, potentially clouding the investment and operating environment.

The CBE has not commented on the political implications but maintained that the financial sector remains “sound and well-capitalized,” with adequate buffers to absorb future shocks.

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