Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Banks acquire 78.4% of total issued treasury bills until end of last April: CBE
EGP 402.3bn volume of banks' investments in the governmental securities out of EGP 512.9bn
Published in Daily News Egypt on 14 - 07 - 2015

Banks working in the Egyptian market acquired 78.4% of the treasury bills the government issued until the end of last April, according to the Central Bank of Egypt (CBE).
In a recent report, the CBE said total outstanding balances of treasury bills amounted to EGP 512.984bn at the end of last April, of which EGP 402.308bn was acquired by the banks only.
The CBE added that the investments of the governmental commercial banks in the treasury bills amounted to about EGP 193.642bn in April. The specialised governmental banks registered investments of approximately EGP 4.932bn only.
The private banks' investments in the bills in the same month amounted to about EGP 183.221bn. The investments of the foreign banks branches working in the Egyptian market in these governmental securities amounted to around EGP 20.513bn.
According to the CBE, in addition to the banks' direct investments in the governmental treasury bills, they invest in them indirectly, through the investment funds they own.
The CBE explained that the investment of these funds in the bills reached approximately EGP 49.88bn until the end of last April. These investments acquire approximately 9.7% out of the total outstanding balances of the bills, until the end of April.
The CBE added that the investments of the foreign investors in the treasury bills that the Egyptian government issues remain at their lowest levels since the January 25 Revolution. Last April, they registered approximately EGP 271m.
The volume of foreign investments in the bills reached approximately EGP 53bn in December 2010.


Clic here to read the story from its source.