Egyptian Banking Sector’s Investments In T-Bills Hit EGP 383 Bln At End-2012

The Egyptian banking sector’s investments in treasury bills rose 0.4% (EGP 1.4 billion) to reach EGP 383.74 billion at the end of last December, compared to EGP 385.17 billion at the end of last November.

The latest report issued by the Central Bank of Egypt (CBE) shows that the banks’ investments in 91-day T-bills surged EGP 1.8 billion to reach EGP 12.9 billion at the end of last December, compared to EGP 11.15 billion at the end of last November.

The banks’ investments in 182-day T-bills fell 1.3% (EGP 1 billion) to reach EGP 77.9 billion at the end of last December, compared to EGP 78.9 billion at the end of last November.

The banking sector’s investments in 266-day T-bills and 273-day T-bills dropped about EGP 2 billion and EGP 3 billion, respectively at the end of 2012.

The banks’ investments in 364-day T-bills hiked EGP 5.4 billion to reach EGP 98.3 billion at the end of last December, compared to EGP 92.9 billion at the end of last November.

The public-sector banks invested EGP 135.3 billion, private-sector banks invested EGP 109.7 billion, specialized banks invested EGP 23.8 billion ad foreign banks invested EGP 13.9 billion in T-bills as of the end of 2012.

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