Banking Investments in T-bills in Egypt Surge to EGP314.3 bln by July-end

The banking sector’s investments in treasury bills surged 3.8% (EGP 11.9 billion) to reach EGP 314.3 billion at the end of last July, compared to EGP 302 billion at the end of last June, according to the recent report released by the Central Bank of Egypt (CBE).

The report added that the public-sector banks’ investments in the T-bills rose by 1.04% (EGP 1.7 billion) to EGP 168.04 billion by July-end, opposed to EGP 166.3 billion by June-end.

Moreover, the private-sector banks’ investments in the T-bills halt 2-month low to increase by 6.7% (EGP 7.8 billion) to EGP 125.2 billion by July-end, against EGP 117.4 billion by June-end.

For the foreign banks, they have made investments in the T-bills of EGP 13.8 billion by July-end, 23.4% (EGP 2.6 billion) up from EGP 11.2 billion by June-end.

On the other hand, the specialized banks’ investments in the T-bills fell by 3.8% (EGP 284 million) to EGP 7.2 billion by July-end, against EGP 7.5 billion by June-end.