Private insurance funds’ third-quarter investments in Egypt 6.4% up

MoneyFinancial Institutions
By Eslam Abdelhameed
Egypt's Financial Regulatory Authority (FRA)
Egypt's Financial Regulatory Authority (FRA)

Investments by private insurance funds in Egypt reported a 6.4 percent year-on-year growth during the third quarter of the year, the country’s market regulator said in a report on Monday.

Investments stood at 3.3 billion Egyptian pounds ($205.3 million), up from 3.1 billion pounds during the third quarter of 2018, the Egyptian Financial Regulatory Authority’s (FRA) report showed.

These investments 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, including treasury bills and bonds, FRA added.

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