CBE: Banks’ Investments In Securities Registered EGP 523 Bln In April

By Administrator On Jul 9, 2012

The portfolios of securities held by the Egyptian banking sector registered an increase of EGP 116 million; amounting to EGP 523.07 billion at the end of last April, up from EGP 522.95 billion at the end of last March, according to the Central Bank of Egypt’s report.

The banks’ local-currency investments surged by EGP 471.03 billion in April, up from 470.99 billion in March. The government-sector investments accounted for EGP 437.3 billion, public-enterprise sector investments stood at EGP 850 million, private-sector investments registered EGP 32.7 billion and foreign-sector investments reached EGP 87 million.

The banks’ foreign-currency investments rose to EGP 52.03 billion in April, up from EGP 51.95 billion in March. The government-sector investments stood at EGP 27.125 billion, private-sector investments registered EGP 4.7 billion and foreign-sector investments reached EGP 20.1 billion.