Banks’ Investments In T-Bills Rose EGP 11 Bln End-Nov. 2012: CBE

The Egyptian banking sector’s investments in T-bills rose 4.5% (EGP 11.01 billion), registering EGP 254.1 billion at the end of November 2012, compared with EGP 243.1 billion at the end of October 2012, according to the Central Bank of Egypt (CBE)’s latest report.

The volume of outstanding T-bills surged 3.5% (EGP 13.1 billion) to reach EGP 385.1 billion at the end of last November, compared with EGP 372.07 billion at the end of last October.

The public-sector banks accounted for 85.7% (EGP 132.2 billion), private-sector banks accounted for 42% (EGP 106.7 billion), foreign banks accounted for 5.05% (EGP 12.8 billion), and specialized banks accounted for 0.8% (EGP 2.2 billion) of the value of investments in T-bills at the end of last November.