Banks’ Investments In T-Bills Surge 3.65 Bln In September
The Egyptian banking sector’s investments in treasury bills rose by EGP 3.65 billion (0.97%) to reach EGP 377.5 billion at the end of last September, compared to EGP 373.9 billion at the end of last August.
According to the Central Bank of Egypt’s recent report, the banks’ investments in 91-day T-bills surged by EGP one billion to reach EGP 15.5 billion at the end of Q3 of 2012, compared to EGP 14.5 billion at the end of last August.
The banks’ investments in 182-day T-bills climbed EGP 6.4 billion (8.1%), registering EGP 72.4 billion at the end of last September, compared to EGP 78.9 billion at the end of last August.
The Egyptian banking sector’s investments in 364-day T-bills rose by EGP 3.5 billion, registering EGP 93.3 billion at the end of Q3, compared to EGP 89.8 billion at the end of last August.
The public-sector banks accounted for 32.5% (EGP 122.7 billion) and private-sector banks accounted for 28.9% (EGP 109.3 billion) of investments in T-bills at the end of last September.
