Banks operating in the Egyptian market raised their investments by EGP 43.64bn in government treasury bills (T-bills) during December 2017 to reach EGP 680.406bn compared to EGP 636.766bn at the end of November 2017.
According to a recent report by the Central Bank of Egypt (CBE), the volume of outstanding balances from treasury bonds in local currency owed by the government reached EGP 1.141tn at the end of December, versus EGP 1.105tn at the end of November 2017.
Public banks’ investments in T-bills increased to EGP 370.943bn at the end of December 2017, compared to EGP 351.9bn at the end of November 2017, while private banks’ investments in T-bills recorded EGP 273.86bn at the end of December, versus EGP 252.06bn at the end of November.
Foreign banks operating in Egypt’s investments in T-bills rose to EGP 24.376bn at the end of December 2017 compared to EGP 21.22bn at the end of November 2017, while specialised banks’ investments fell to EGP 11.2bn compared to EGP 11.57bn in the same period.
