Egypt: The level of capital adequacy in Egyptian banks exceeds Basel 3 standards
Cairo, August 28 / WAM / The Media Center of the Egyptian Cabinet said that the level of capital adequacy in Egyptian banks exceeds the global standards specified in the Basel 3 framework, which usually ranges between 10% and 12%, after the Fitch Solichins Foundation announced that Egyptian banks achieved one of the highest rates of capital adequacy in the Middle East and North Africa region, recording 18.5% during 2024.
A statement to the center said that these results confirm the stiffness of the financial system and its ability to absorb shocks, noting the “Fitch” expectations of the continuation of the strength of Egyptian banks during the years 2025 and 2026, supported by stable profit margins and the decline in irregular loans, as well as a gradual improvement in macroeconomic indicators.
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