Banks’ Investments In Securities Up To EGP 557.3 Bln In July

By Administrator On Oct 4, 2012

The portfolio of securities held by the Egyptian banking sector witnessed an increase of EGP 1.9 billion, as it registered EGP 557.3 billion at the end of last July, up from EGP 538 billion at the end of last June.

According to the Central Bank of Egypt’s (CBE) latest report, the banks’ investments in local-currency securities rose from EGP 494.9 billion at the end of June to EGP 496.4 billion at the end of July; of which government sector accounted for EGP 463.2 billion, public business sector accounted for EGP 708 million, private business sector seized EGP 32.3 billion and foreign sector registered EGP 89 million.

The banks’ investment in foreign-currency securities surged from EGP 60.3 billion at the end of last June to EGP 60.8 billion at the end of last July; of which government sector accounted for EGP 36.7 billion, private business sector seized EGP 4.5 billion and foreign sector registered EGP 19.5 billion.