Egypt’s CBE to offer short term T-bills for EGP 35 bln on Sunday

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The Central Bank of Egypt (CBE) is set to offer treasury bills (T-bills) with a combined value of EGP 35 billion through two auctions on Sunday.

22.01.23 | Source: Ahram Online

The first offering is valued at EGP 13.5 billion, carrying a 91-day maturity period, according to official data.

The second offering is valued at EGP 21.5.billion, with a maturity period of 273 days.

On Thursday, the CBE issued T-bills with an aggregated value of EGP 43.5 billion through two auctions.

Banque Misr was established 88 years ago by the pioneer economist, Mohamed Talaat Harb Pasha, as the first bank fully owned by Egyptians.

The Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt and the Chase Manhattan Bank.

The National Bank of Egypt is the oldest commercial bank in Egypt offering business banking and investment banking.

Banque du Caire offers retail, corporate, and investment banking, SME financing, and conventional as well as Islamic asset management services.

Alexbank is one of the largest banks in Egypt, with 210 branches. It was the first Egyptian state-owned bank and was privatised in 2006.

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