NBE’s Investments in Egypt’s Debt Instruments Hit EGP160billion

Big 5

 The total investments value of National Bank of Egypt’s governmental debt instruments including treasury bills and bonds reached around EGP160billion at the end of the third quarter of the ongoing year.

NBE ranked first in the primary market dealers and secondary in treasury bills, Secondly, Commercial International Bank (CIB), Thirdly Arab African International Bank(AAIB), Fourthly, Arab Bank and Banque Misr, whereas CIB ranked first in investing in treasury bonds  then NBE according to Finance Ministry’s statements.

Egypt restored to banks in financing the budget’s deficit within the last years in the light of refrain donors to finance new loans and negotiations stalled with the International Monetary Fund(IMF)  regarding US$4.8billion loan.