Securities Held By Banks Hit EGP 555.3 Bln in June 2012: CBE

By Administrator On Sep 15, 2012

The portfolio of securities held by the Egyptian banking sector surged by EGP 17.3, registering EGP 555.3 billion at the end of June 2012, up from EGP 538 billion at the end of May.

The Central Bank of Egypt’s (CBE) latest report showed that the bank’s investments in local currency rose to EGP 494.9 billion at the end of last June, up from EGP 479.9 billion at the end of May; of which government sector accounted for EGP 461.8 billion, public business sector accounted for EGP 714 million, private business sector accounted for EGP 32.3 billion and foreign sector accounted for EGP 89 million.

The bank’s investments in foreign currency increased by EGP 60.3 billion at the end of June, up from EGP 58 billion at the end of May; of which of which government sector accounted for EGP 36.4 billion, private business sector accounted for EGP 4.7 billion and foreign sector accounted for EGP 19.1 billion.