Securities Held By Banks Registered EGP 538 Bln In May 2012

The portfolios of securities held by banks in Egypt (excluding the Central Bank of Egypt) rose by EGP 63.8 billion (13.5%) during 11 months, registering EGP 538 billion at the end of last May, compared to EGP 474.1 billion at the end June 2011.

Local-currency securities held by banks registered EGP 479.9 billion (89.2%) at the end of last May. Foreign-currency securities held by banks registered EGP 5s8 billion at the end of last May, according to the Central Bank of Egypt’s latest data.