Egyptian Iron and Steel Company (IRON), which is under liquidation, reported a liquidation surplus of EGP 210.089 million for the six months ended June 30, 2026, compared with EGP 798.792 million reported at the end of December 2025, as per a disclosure.

Egypt’s banks are walking a tightrope between absorbing excess liquidity and defending the pound against fresh foreign-exchange pressures.

The Central Bank of Egypt (CBE) has withdrawn a record EGP 1.369 trillion in excess liquidity from the banking system through its weekly fixed-return deposit auction.

The Central Bank of Egypt (CBE) has withdrawn EGP 992.45 billion in excess liquidity from banks through the fixed-rate auction held on November 5th.

The Central Bank of Egypt (CBE) has withdrawn EGP 1.073 trillion of excess liquidity at banks in the first fixed-rate auction after Eid El-Adha holiday on June 25th.

The Central Bank of Egypt (CBE) has withdrawn EGP 460.8 billion of surplus liquidity at banks during the weekly auction that took place on April 23rd, with a return of 27.75%.