amwalalghad :: Business

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National Real Estate Bank for    18.12        Acrow Misr   20.6        ARAB POLVARA SPINNING & WEAVIN   3.04        Palm Hills Development Company   2.34        Modern Company For Water Proof   1.72        El Ezz Porcelain (Gemma)   3        T M G Holding   4.15        Sharkia National Food   5.24        Egyptian Iron & Steel   10.83        Canal Shipping Agencies   12.75        Pioneers Holding   4.08        Raya Holding For Technology An   5.46        Egyptian Financial Group-Herme   9.76        Medinet Nasr Housing   23.87        Egyptian Kuwaiti Holding   1.09        Sidi Kerir Petrochemicals   12.79        National Development Bank   8.14        Orascom Telecom Holding (OT)   4.7        Cairo Development and Investme   16.33        General Company For Land Recla   28.67        Arab Cotton Ginning   3.63        Misr Conditioning (Miraco)   55.67        Delta Sugar   12.1        Misr Oils & Soap   12.01        Ismailia Misr Poultry   3.97        GMC GROUP FOR INDUSTRIAL COMME   2.09        Egyptian Chemical Industries (   10.71        Egyptian Financial & Industria   9.47        Egyptian Media Production City   3.19        Universal For Paper and Packag   7.07        Delta Construction & Rebuildin   5.89        Remco for Touristic Villages C   2.29        Commercial International Bank    34.34        Egyptian Transport (EGYTRANS)   10.73        Telecom Egypt   13.61        Egyptian for Developing Buildi   10.64        El Kahera Housing   6.33        Citadel Capital - Common Share   3.54        Misr Chemical Industries   6.67        Rakta Paper Manufacturing   7.11        International Agricultural Pro   3.02        United Arab Shipping   0.65        El Shams Housing & Urbanizatio   3.39        Ceramic & Porcelain   4.05        Six of October Development & I   20.91        El Arabia for Land Reclamation   19.08        Mena Touristic & Real Estate I   1.75        Faisal Islamic Bank of Egypt -   7.09        Union National Bank - Egypt "    4.78        Oriental Weavers   21.95        Giza General Contracting   17.62        Ezz Steel   10.08        South Valley Cement   4.17        El Nasr Clothes & Textiles (Ka   0.66        Orascom Construction Industrie   239.76        Heliopolis Housing   21.82        Misr Duty Free Shops   3.38        Egyptian for Tourism Resorts   0.94        Egyptian Company for Mobile Se   127.75        Suez Canal Bank   4.47        El Ahli Investment and Develop   7.58        Egyptian Starch & Glucose   7.5        Export Development Bank of Egy   6.02        Egyptians Housing Development    2.98        Egypt for Poultry   2.1        Maridive & oil services   1.07        Upper Egypt Contracting   1.09        Nasr Company for Civil Works   22.92        Samad Misr -EGYFERT   5.45        Egyptian Real Estate Group   11.52        Alexandria Spinning & Weaving    1.07        Gharbia Islamic Housing Develo   13.97        National Societe Generale Bank   27.96        Upper Egypt Flour Mills   50.49        Egyptians Abroad for Investmen   4.44        Egyptian Gulf Bank   1.42        Credit Agricole Egypt   10.99        Minapharm Pharmaceuticals   27.02        Suez Cement   22.85        El Ahram Co. For Printing And    12.68        Arab Aluminum   28.7        Engineering Industries (ICON)   4.8        National company for maize pro   15.2        National Housing for Professio   20.1        United Housing & Development   9.25        Gulf Canadian Real Estate Inve   28.34        Egyptian Saudi Finance Bank   13.43        Arab Valves Company   1.53        Cairo Pharmaceuticals   19.7        Northern Upper Egypt Developme   7.97        Sinai Cement   19.49        Lecico Egypt   7.72        Kafr El Zayat Pesticides   26.76        Asek Company for Mining - Asco   9.42        Abou Kir Fertilizers   136.25        Middle & West Delta Flour Mill   32.33        Sues Canal Company For Technol   12.74        Cairo Poultry   9.15        Arab Real Estate Investment (A   0.48        Extracted Oils   0.81        Misr Beni Suef Cement   45.08        Ismailia National Food Industr   8.58        Nozha International Hospital   32.1        Assiut Islamic Trading   5.78        Alexandria Containers and good   91.05        Rowad Tourism (Al Rowad)   7.81        Arab Ceramics (Aracemco)   27.13        Alexandria Mineral Oils Compan   67.53        Naeem Holding   0.23        ELSWEDY CABLES   20.01        Mansourah Poultry   15.83        Arab Gathering Investment   26        Natural Gas & Mining Project (   73.83        Cairo Investment & Real Estate   14.03        Egyptian Real Estate Group Bea   24.86        Egyptian Electrical Cables   0.68        TransOceans Tours   0.11        Middle Egypt Flour Mills   7.31        North Cairo Mills   16.59        El Arabia for Investment & Dev   0.46        EL Ezz Aldekhela Steel - Alexa   486.34        El Nasr For Manufacturing Agri   14.15        Zahraa Maadi Investment & Deve   51.23        Misr Cement (Qena)   68.67        Torah Cement   27.48        Housing & Development Bank   15.51        El Kahera El Watania Investmen   7.12        Naeem portfolio and fund Manag   2.29        Eastern Tobacco   100.01        Orascom Development Holding (A   3.84        Prime Holding   1.33        Faisal Islamic Bank of Egypt -   43.5        Al Arafa Investment And Consul   0.2        Golden Textiles & Clothes Wool   6.73        Delta Insurance   6.01        Cairo Oils & Soap   16.79        Alexandria Flour Mills   16.06        Paint & Chemicals Industries (   41        East Delta Flour Mills   32        El Nasr Transformers (El Maco)   7.72        El Watany Bank of Egypt   17.15        Modern Shorouk Printing & Pack   9.43        Egypt Aluminum   16.09        International Co For Investmen   25.19        Development & Engineering Cons   9.68        GB AUTO   27.11        Egyptian Arabian (cmar) Securi   0.5        Sharm Dreams Co. for Tourism I   7.29        Glaxo Smith Kline   9.46        Alexandria Cement   12.14        El Obour Real Estate Investmen   7.01        National Cement   11.82        El Arabia Engineering Industri   16        Misr Hotels   30        Alexandria National Company fo   8.55        Nile Pharmaceuticals   18.53        Al Moasher for Programming and   1.11        UTOPIA   7.25        Barbary Investment Group ( BIG   1.12        Saudi Egyptian Investment & Fi   43.63        Memphis Pharmaceuticals   12.72        

Banks

New Egypt Central Bank Ruling A Blow For Local Money Market Funds


Published 2013-05-17 09:03:17| Amwal Al Ghad English

Egypt's central bank, worried that banks are investing too much of their cash in local money market and fixed income funds, is imposing stricter limits on such investments, a move asset managers say could cripple their industry. In a copy of a central bank directive obtained by Reuters, the central bank says banks will not be able to invest more than 2 percent of their tier-one capital in local money market and fixed-income funds, down from 5 percent at present. A central bank official said that some banks' investments in these funds had approached the size of their entire loan portfolio. "It's something that any central bank would be worried about," the official, who asked not to be named, told Reuters by telephone. "We don't regulate these companies, we don't supervise these companies, and they (the banks) leave this amount of money to be managed by these companies," the official said. The bank's directive, dated May 9, has been circulated to banks but does not say when it would come into effect.

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