Egypt private insurance funds’ investments 0.8% up y-o-y in May

By Eslam Abdelhameed On Jul 30, 2019

Egypt’s market regulator FRA — Egypt's Financial Regulatory Authority (FRA) - previously the Egyptian Financial Supervisory Authority (EFSA)

Investments by private insurance funds in Egypt reported a 0.8 percent growth year-on-year in May, the country’s market regulator said in a statement on Sunday.

Investments stood at 988 million Egyptian pounds ($59.8 million) in May this year, compared to 980 million pounds in the same month last year, the Egyptian Financial Supervisory Authority’s (EFSA) monthly report showed.

EFSA endorsed the private insurance funds’ investments, which represent the saving certificates of the National Bank of Egypt A and B, besides its banking deposits and investment policies, in addition to public debt instruments.