Mubasher TV
Contact Us Advertising   العربية

Egypt’s MoF announces top five banks in state debt instruments

Egypt’s MoF announces top five banks in state debt instruments
The Egyptian Finance Ministry announced the top five banks operating in the major and secondary markets for treasury bills and bonds during the first quarter of the fiscal year 2014-2015.
There are fifteen banks operating under the major dealers system in government debt instruments.
Finance Minister Hany Kadry Dimian said the top five positions in the primary market for dealings with treasury bills were topped by National Bank of Egypt (NBE), followed by CIB-Egypt, Banque Misr, Barclays Egypt, QNB and Crédit Agricole Egypt (CAE).
Meanwhile, the top five ranks for dealings with treasury bonds in the primary market were topped by Banque Misr, followed by NBE and CIB, while Misr Iran Development Bank (MIDB) took the third position followed by QNB and Arab Bank.
The top five positions in the secondary markets for treasury bills were taken by NBE, followed by Crédit Agricole Egypt, Barclays Egypt, Arab Bank then AAIB.
The top five positions in the secondary markets for treasury bonds were taken by Arab Bank, followed by CIB, NBE, Bank of Alexandria and Crédit Agricole Egypt.