Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with Gelsomina Vigliotti, Vice-President of the European Investment Bank (EIB), during her visit to Egypt to discuss areas of cooperation, future partnership plans and issues of mutual interest.
During the meeting, Abdalla praised the strategic partnership between the CBE and the EIB, the financing arm of the European Union.
He reviewed developments in the Egyptian economy and the financial soundness indicators of banks operating in Egypt, highlighting the progress achieved despite unprecedented global and regional challenges.
For her part, Vigliotti said the resilience of Egypt’s banking sector was reflected in its financial soundness indicators, particularly high capital adequacy ratios and liquidity levels, alongside a low ratio of non-performing loans.
She commended the productive cooperation between the EIB and Egypt and praised the CBE’s efforts to support and strengthen the Egyptian economy.
Both sides expressed their commitment to further strengthening bilateral cooperation, particularly in sustainability and support for the CBE’s efforts to promote sustainable finance.
In this context, they reviewed the Greening Financial Systems Programme (GFS), an EIB technical assistance initiative designed to support the CBE’s sustainable finance efforts.
The CBE reaffirmed its commitment to activating the programme in the coming period. It joined the initiative in July 2025, and the two institutions are preparing to sign a cooperation agreement that includes provisions for technical capacity-building.
