Banks’ Investments In Securities Rose EGP 1.83 Bln In October 2012

By Administrator On Jan 17, 2013

The value of securities held by the Egyptian banking sector registered an increase of EGP 1.83 billion to reach EGP 580.6 billion at the end of last October, up from EGP 578.8 billion at the end of last September, according to the Central Bank of Egypt’s recent report.

The government-sector investments accounted for EGP 521.09 billion (89.7%) of the securities portfolio at the end of last October, compared to EGP 519.2 billion at the end of last September, registering an increase of 0.36%.

The private-sector investments accounted for EGP 39.1 billion (6.74%) of the securities portfolio at the end of last October, compared to EGP 39.2 billion at the end of last September, registering a decline of EGP 92 million (0.23%).

The foreign-sector investments accounted for EGP 19.6 billion (3.38%) of the securities portfolio at the end of last October, compared to EGP 19.5 billion at the end of last September, registering an increase of 0.40%.

The business sector investments accounted for EGP 786 million (0.13%) of the securities portfolio at the end of last October, compared to EGP 807 million at the end of last September, registering a decline of 2.6%.

The banks’ local-currency investments in securities surged by EGP 1.6 billion (0.31%) to reach EGP 517 billion in October, up from 515.3 billion in September.

The banks’ foreign-currency investments in securities rose by EGP 221 million (0.34%) to reach EGP 63.6 billion in October, up from EGP 63.4 billion in September.