Banks’ investments in T-bills reached EGP 549.96bn

Daily News Egypt
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The State Council’s administrative court has issued a 'stay of execution of law' judgement regarding the maximum wage for employees of the banks Banque du Caire, the National Bank of Egypt (NBE), and the United Bank. (AlBorsa Photo)

Banks’ investments in treasury bills (T-bills) reached EGP 549.96bn by the end of September 2017, against EGP 522.35bn in August 2017, up by EGP 27.6bn.

Public sector banks’ investments in T-bills reached EGP 269.938bn, while private banks’ investments reached EGP 247.358bn. Meanwhile, specialized banks’ investments reached EGP 11.138bn, and foreign banks operating in Egypt invested EGP 21.526bn.

 

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