National Bank of Egypt's investment in treasury bills reached EGP 78 billion for the current fiscal year. Bills are with different maturities; 91,182,266,273 and 364 days and with returns ranging between 12.3 to 15.7%, familiar sources said. NBE's investments in treasury bills registered EGP 70 billion last December through 133 government auctions to finance the general budget deficit that reached EGP 144 billion, according to documents of which Amwal Al Ghad received a copy. These treasury bills are paid by Ministry of Finance in installments. The first installment was due in last February and the last installment is due in next August 27th. 91-day treasury bills are due in 6 installments, 182-day treasury bills are due in 24 installments, 200-day treasury bills are due in 32 installments and 300-day treasury bills are due in 51 installments. 182-day treasury bills due in June 26th registered the highest return of 14.92%. NBE is the largest dealer in secondary market of treasury bills in Egypt and its investments in this sector are expected to reach EGP 100 billion by the end of the current fiscal year. NBE has decided to expand in investing in government debt instruments so as to finance the budget deficit that widened to EGP 144 billion as well as to invest the unused deposits as investments sharply retreated in Egypt after last year's revolution. Banks in Egypt are competing over treasury bills because of the decline in the volume of lending and the high return on treasury bills that exceeded 15% as the government is relying on local lending. This drives banks to raise returns on their savings instruments to 12%, so as to have the cash liquidity required for the next period. NBE's Investments in Treasury Bills: Maturity Value Return Due Date 91 127.325.000 12.31 7-2-2012 91 16.000.000 13 6-3-2012 91 144.425.000 14.02 13-3-2012 91 59.250.000 12.7 20-3-2012 91 126.275.000 13.92 27-3-2012 91 1.142.050.000 13.84 10-4-2012 182 646.325.000 12.52 7-2-2012 182 398.725.000 12.45 14-2-2012 182 381.150.000 12.48 21-2-2012 182 151.150.000 12.58 28-2-2012 182 216.825.000 12.67 6-3-2012 182 336.750.000 12.85 13-3-2012 182 284.800.000 13.28 20-3-2012 182 1.178.450.000 13.38 27-3-2012 182 2.274.125.000 13.34 27-3-2012 182 608.575.000 13.32 3-4-2012 182 88.075.000 13.13 10-4-2012 182 173.450.000 13.13 17-4-2012 182 373.975.000 13.15 1-5-2012 182 740.275.000 13.15 8-5-2012 182 487.925.000 13.35 15-5-2012 182 484.600.000 13.85 22-5-2012 182 462.350.000 14.65 12-6-2012 182 1.366.275.000 14.55 19-6-2012 182 693.750.000 14.66 26-6-2012 182 801.600.000 14.75 3-7-2012 182 95.675.000 14.77 10-7-2012 182 1.560.050.000 14.64 17-7-2012 182 690.600.000 14.7 24-7-2012 182 3.000.000.000 14.92 26-7-2012 273 134.650.000 12.87 28-2-2012 266 750.000.000 12.85 28-2-2012 259 777.925.000 12.91 28-2-2012 273 622.600.000 12.96 20-3-2012 273 344.800.000 12.98 20-2-2012 273 979.375.000 12.89 3-4-2012 266 631.725.000 12.83 3-4-2012 259 898.225.000 12.76 3-4-2012 273 837.975.000 12.85 1-5-2012 266 846.450.000 12.95 1-5-2012 259 450.000.000 12.91 1-5-2012 273 787.000.000 12.96 22-5-2012 266 488.875.000 12.98 22-5-2012 259 140.300.000 12.99 22-5-2012 273 476.875.000 13.85 19-6-2012 266 822.525.000 13.86 19-6-2012 273 788.500.000 13.77 3-7-2012 7-2-2012 6-3-2012 13-3-2012 20-3-2012 27-3-2012
