President Sisi Reviews Egyptian Banking Sector Achievements with Central Bank Governor
President Abdel Fattah El-Sisi met with Mr. Hassan Abdallah, Governor of the Central Bank of Egypt (CBE).
The Presidential Spokesperson stated that the meeting addressed developments and achievements in the banking sector and monetary policy during 2025, reflecting continued financial stability, the strength and resilience of the CBE, the efficiency of the banking sector, and its capacity to support macroeconomic stability. The meeting highlighted the CBE’s role as both a leading advisor and financial agent for the Egyptian government.
The spokesperson, Ambassador Mohamed El-Shenawy, noted that the CBE Governor reviewed the rise in net international reserves, which reached $52.6 billion in January 2026—the highest level in history, compared to $33.1 billion in August 2022—covering approximately 6.9 months of commodity imports, surpassing international benchmarks. The meeting also covered the increase in net foreign assets of the banking sector, which reached $25.5 billion in December 2025, the highest since February 2020, supported by commercial banks’ net foreign assets of $12.2 billion in December 2025, record-high remittances from Egyptians abroad, increased tourism revenues, and higher foreign investments in Egyptian government debt instruments. The CBE’s net foreign assets reached $15.1 billion in January 2026.
The Governor also highlighted improved international credit ratings, with S&P upgrading Egypt’s long-term rating to B from B- with a stable outlook for the first time in seven years, and Fitch confirming Egypt’s long-term foreign currency rating at B with a stable outlook. The meeting further reviewed progress in enhancing financial inclusion and accelerating digital transformation, supporting a more inclusive and sustainable economy, and promoting economic growth opportunities.
Additionally, the meeting covered the CBE and banking sector’s social responsibility initiatives, particularly in health and education, as well as key national and international partnerships and initiatives undertaken in 2025.
The Presidential Spokesperson added that President Sisi emphasized the importance of continuing to reduce inflation through precise monitoring of policies and market interventions, ensuring the availability of essential goods, and maintaining price stability. The President also directed the continued strengthening of policies and mechanisms that support financial stability, transparency, and sustainable growth, expand incentives to capitalize on economic opportunities, and enable the private sector to drive economic growth, thereby attracting further investment inflows.