Egyptian Banking Sector’s Investments In T-Bills Hit EGP 373.9 Bln In August

The Egyptian banking sector’s investments in treasury bills surged by EGP 3.46 billion (0.9%), registering EGP 373.9 billion at the end of last August, compared to EGP 370.4 billion at the end of last July.

According to the Central Bank of Egypt’s latest report, bank’s investment in 91-day T-bills rose by EGP one billion, registering EGP 14.5 billion at the end last August, compared to EGP 13.5 billion at the end of last July.

The banks’ investments in 182-day T-bills fell by EGP 3.5 billion (4.2%), registering EGP 78.9 at the end of last August, compared to EGP 82.4 billion at the end of last June.

The banks’ investment in 364-day T-bills climbed by EGP 1.9 billion, registering EGP 89.8 billion at the end of last August, compared to EGP 87.9 billion at the end of last July.

State-owned banks accounted for the largest value of banks’ investments in T-bills as it acquired EGP 126 billion (33.3%), while private sector banks acquired EGP 104.9 billion (28%) of the banks’ investment in T-bills at the end of last August.