EALB Invests EGP 2.9 Bln In Govt. Debt Instruments by April

Egypt Arab Land Bank’s investments in government debt instruments (treasury bonds and bills) registered EGP 2.9 billion at the end of last April.

Abdel Megid Mohy El Din, deputy chairman, told Amwal Al Ghad that the Bank invests EGP 1.3 billion in treasury bills and EGP 1.6 billion in treasury bonds.

EALB invested the surplus funds in government debt instruments due to the low investment rate and recession in the Egyptian market.