Masress : Foreign investment in Egyptian T-Bills rises to EGP 265.6bn end of April 2019

Lebanese judge: 16 port staffers arrested over Beirut blast UK to remove Belgium, Andorra and Bahamas from safe travel list Nigeria to reopen for international air travel in weeks IMF says exploring ways to aid Lebanon, calls for movement on reforms Four countries offer to act as neutral venues for UEFA matches Guardiola says defender Garcia turns down new Man City deal Call for submissions for Egypt's 'Golden Talent' competition for people with special needs South Africa calls for 'amicable solution' for GERD Trump says coronavirus vaccine possible before Nov. 3 Egypt's Suez Canal revenues up 4.7% in last 5 years: Chairman BREAKING: Egypt, Greece sign maritime demarcation deal Egypt's net foreign reserves rise to $38.3 bln in July – CBE Egypt's NUCA launched new land plot for urban activity in Sheikh Zayed Foreigners staying in Cairo without residency permits to not allowed in resort towns Egypt's GASC gets offers in wheat bids for Sept. shipment – traders Egypt's field hospital in Beirut receives wounded cases of Lebanon's blast Egypt records 123 new coronavirus cases, 18 deaths on Wednesday Man Utd should target Kane over Sancho, says Scholes Survivors mark 75th anniversary of world's 1st atomic attack Egypt rejects Ethiopia's latest proposal on GERD: Irrigation ministry Egypt sending 2 planes loaded with medical aid to Lebanon after wrecking explosion Global coronavirus deaths exceed 700,000 Beirut reels from huge explosion leaving at least 100 died, nearly 4,000 injured After blast, Lebanon has enough grain for less than a month, minister says Senate slam dunk Don't miss the concerts of Boghdady Jazz Big band My visual diary African Champions League final will be played on Oct. 16-17, CAF says Egypt invites Tesla's founder to visit Giza Pyramids after controversial tweets Sisi: Egypt favours negotiations over a military solution to resolve Nile dam crisis: Al-Sisi No room to delay Egyptian Premier League games – EFA's board member Egypt's President Sisi ratifies extending state of emergency for 3 months Egypt Cup games to resume after Premier League finishes: EFA The Facebook Preacher's Search for Fame, and Egypt's Economy Arafa Holding reports $144,000 COVID-19-related losses in April Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi Egypt calls on UNSC to address oil spill risks off Yemen coast Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister Hyksos campaigns were internal takeover, not foreign invaders: study Reports over Ethiopia filling mega-dam COVID-19 affects Egypt sporting clubs COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor ‘Egypt's Support' coalition convenes to discuss its Senate election list Robbery attempt leads to discovery of Ptolemaic monuments in Qena Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam Google ‘translate' ancient Egyptian hieroglyphs Zaha speaks out after online racial abuse Farwell to 74-year old Egyptian military production minister El-Assar

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

EGP 735.59bn bank investments in T-bills by end-December 2018: CBE
Banks supported their securities portfolio with EGP 202.23bn in 2018

Banks invested EGP 650bn in T-bills until end of March 2018: CBE
Government banks invested EGP 333bn, private banks invested EGP 279.8n, foreign banks invested EGP 26.1bn, and specialised banks invested EGP 11.1bn

EGP 24.2bn increase in banks' investments in securities in May 2018: CBE
Deposits up EGP 10.8bn, loans grew by EGP 32bn

Banks' investments in T-Bills reached EGP 749.117bn at end of October: CBE
Foreign investment in bills decline for 7th month in a row

Foreign investment in Egyptian T-Bills rises to EGP 265.6bn end of April 2019
Investments of banks operating in local market in government debt instruments amount to EGP 680.882bn

Hossam Mounir Published in Daily News Egypt on 27 - 06 - 2019

The Central Bank of Egypt (CBE) said that foreign investments in Egyptian treasury bills (T-Bills) rose by the end of April 2019 to EGP 265.618bn, compared to the EGP 258.016bn in March. This is an increase of EGP 7.602bn.
Foreign investment in T-bills returned strongly after the exchange rate liberalisation decision on November 3, 2016, and the subsequent sharp rise in interest rates on the pound.
Moreover, foreign investment in T-bills reached about $11bn before January 25, 2011, but fell to less than $25m as of 2016.
Fakhry ElFiky, member of the board of directors at the CBE, said that the volume of foreign investments in government debt instruments from January to May 2019 amounted to about $5bn, to reach more than $17bn.
The investments of banks operating in the local market in the government T-Bills amounted to EGP 680.882bn during the month of April 2019, compared to EGP 703.509bn by the end of March. This is a decrease of EGP 22.627bn.
The CBE said that public sector banks' investments in T-Bills amounted to about EGP 353.397bn at the end of April, compared to EGP 354.415bn at the end of March, a decline of EGP 1.018bn.
Private sector banks' investments in T-Bills fell by EGP19.428bn in April to EGP 275.433bn compared to EGP 294.861bn by the end of March.
Investment of foreign banks' branches in T-Bills declined to EGP 36.985bn in April, compared to EGP 39.881bn in March, a decrease of EGP 2.896bn.
On the other hand, T-bills investments of specialised banks increased to EGP 15.067bn, compared to EGP 14.325bn, an increase of EGP 742m.
The CBE's figures showed that the volume of outstanding government T-Bills declined in April 2019 to about EGP 1.362tn, compared to EGP 1.371tn in March.

Clic here to read the story from its source.