On Thursday 11th August, Ministry of Finance will announces the names of the best dealing banks in government securities markets regarding Treasury Bills and Bonds in both of initial and secondary ...

  On Thursday 11th August, Ministry of Finance will announces the names of the best dealing banks in government securities markets regarding Treasury Bills and Bonds in both of initial and secondary offering markets. Dr. Fayyad Abd Al-Moneim, Minister of Finance, honors 11 banks' heads who deserve to win prizes of the best claim, and of the most active and dealing during the first half of fiscal year 2012/2013, of 15 banks, the total number of dealing banks in major dealers system. Mr. Hamdy Samir, public debt advisor to Minister of Finance, declared that the Ministry of Finance announcement regarding ranking the most active banks in government securities markets is receiving an escalating interest from banking sector units which are waiting this announcement to help them in building a good promoting image among operating banks in Egypt, in addition Ministry of Finance evaluation is one of the foundations on which foreign banks depend regarding the evaluation of their bank branches performance in Egypt. All sectors who have investments in the market such as Insurance companies, investment funds, individuals and specially the foreigners are very interested in this evaluation, especially this evaluation is applicable in many developed countries and emerging markets. The Minister said that Ministry of Finance is keen on establishing this tradition which began long ago, where as it is consistent with Ministry's efforts in developing government securities markets which aim to reduce public debt burden, so that it will reflected positively on reducing debt financing.