Public banks seize 40.8% of Egypt t-bills investments by June-end

Financial institutions operating in Egypt registered total investments worth 656.740 billion Egyptian pounds ($74 billion) in treasury bills put forward by Ministry of Finance by the end of June.

By the end of May, investments stood at $643.240 billion pounds.

Public banks captured 40.8 percent of the total investments in the treasury bills, registering 268.159 billion pound by June end, according to the central bank’s latest report.

Meanwhile, private banks acquired 30.66 percent, investing 201.366 billion pounds in treasury bills during June; while foreign banks recorded around 532 million pounds in investments, the report added. Specialised banks spent around 6.997 billion pounds by end of June.