Egypt – EGP 18 billion insurance treasury bills investment
Friday, 12 22 2017, Category: Insurance and Reinsurance, Country: Egypt
The size of the investments of insurance companies in treasury bills in the Egyptian market by the end of the month of October 2017 reached EGP 18.7 billion compared to EGP 19.09 billion by the end of the month of the previous month of September of the same year i.e. a 2% decrease.
Moreover, the monthly report issued by the Central Bank showed that the insurance companies owned by the public sector represent 69.3% of the treasury bills investments reaching EGP 12.958 billion by the end of the month of October compared to EGP 13.295 billion by the end of the month of September 2017 i.e. a 2.5% decrease.
Source: Amwal Al Ghad