Fitch Ratings said it expects the Egyptian banking sector to maintain strong performance, supported by strong capital ratios and profitability from government bond holdings, and pressure on loan quality resulting from the economic slowdown and currency selling will remain limited.
Fitch added that the sector’s net foreign asset position is stabilizing, with the potential for improvement thanks to remittances, tourism and foreign investment, and an easing of geopolitical tensions in 2025 would boost foreign liquidity.
