Egyptian National Postal Organization : Review of Asset Management Operations
This report presents the missions observations and recommendations. The mission has not been able to review the investment manual and current investment procedures as the relevant documents have not been yet forwarded by Egyptian National Postal Or...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/06/16461511/egyptian-national-postal-organization-review-asset-management-operations http://hdl.handle.net/10986/12694 |
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okr-10986-12694 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACCOUNTING STANDARDS ACTIVE TRADING AMOUNT OF RISK ASSET CLASS ASSET CLASSES ASSET LIABILITY MANAGEMENT ASSET MANAGEMENT ASSET MANAGERS ASSET PORTFOLIO AUDITS BALANCE SHEET BANK ACCOUNTS BANKING SECTOR BANKING SYSTEM BONDS BUSINESS DEVELOPMENT CAPITAL MARKET CASH BALANCES CASH FLOW CASH FLOW ANALYSIS CASH FLOWS CASH MANAGEMENT CENTRAL BANK CHECKS CORPORATE GOVERNANCE CREDIT EXPOSURE CREDIT MANAGEMENT CREDIT QUALITY CREDIT RISK CURRENT ACCOUNTS DEBT DEBT MARKETS DEFAULTS DEFICITS DEPOSIT DEPOSIT ACCOUNTS DEPOSIT LIABILITIES DEPOSIT MOBILIZATION DEPOSITORS DERIVATIVES DEVELOPMENT BONDS DIRECT INVESTMENT DOMESTIC BONDS DOMESTIC STOCKS EARNINGS ELECTRONIC PAYMENTS ELIGIBLE ASSET ELIGIBLE INSTRUMENTS EQUITIES EQUITY INVESTMENT EXTERNAL ASSET FIDUCIARY RESPONSIBILITY FINANCES FINANCIAL AFFAIRS FINANCIAL INSTITUTION FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PORTFOLIO FINANCIAL PRODUCTS FINANCIAL REPORTING FINANCIAL RISK FINANCIAL SERVICES FINANCIAL STATEMENTS FIXED INCOME FIXED INTEREST FIXED INTEREST RATE FIXED RATE FOREIGN CURRENCIES FOREIGN STOCKS FUND INVESTMENT FUND MANAGEMENT GOOD GOVERNANCE GOVERNANCE STRUCTURE GOVERNMENT BONDS GROWTH RATE HOLDINGS HOUSEHOLDS HUMAN RESOURCES INCOME INSTRUMENTS INCOME SECURITIES INCOME STATEMENT INDIVIDUAL SECURITIES INFORMATION SYSTEM INFORMATION SYSTEMS INFRASTRUCTURE PROJECTS INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BEST PRACTICE INTERNATIONAL STANDARDS INVESTING INVESTMENT ACTIVITIES INVESTMENT BANK INVESTMENT DECISION INVESTMENT DECISIONS INVESTMENT FUNCTIONS INVESTMENT GUIDELINES INVESTMENT HORIZON INVESTMENT INCOME INVESTMENT LOAN INVESTMENT MANAGEMENT INVESTMENT MANAGERS INVESTMENT OPERATIONS INVESTMENT OPTIONS INVESTMENT POLICY INVESTMENT PORTFOLIO INVESTMENT PORTFOLIOS INVESTMENT PROCEDURES INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT RESOURCES INVESTMENT RETURN INVESTMENT STRATEGIES INVESTMENT STRATEGY INVESTMENT TRANSACTIONS INVESTMENT TRUSTS LIABILITY LIABILITY MANAGEMENT LIQUIDITY LIQUIDITY RISK LOAN LOAN PROGRAM LOCAL CAPITAL MARKET LOCAL CURRENCY LONG-TERM INVESTORS MANDATE MANDATES MARK-TO-MARKET MARKET CONDITIONS MARKET RISK MATURITIES MATURITY MONEY MARKET MONEY MARKETS MONEY ORDERS NATIONAL DEVELOPMENT NATIONAL INVESTMENT NATIONAL SAVINGS NEGOTIATIONS OPERATIONAL RISK OPPORTUNITY COSTS OUTSOURCING PAYMENTS OF PRINCIPAL PENSION PENSION FUNDS PERSONAL SAVINGS PORTFOLIO MANAGEMENT PORTFOLIO MANAGERS PORTFOLIO RETURN PORTFOLIO RETURNS PORTFOLIO RISK POST BANK POST BANKS POST OFFICE POST OFFICE SAVING POST OFFICE SAVINGS POST OFFICES POSTAL BANK POSTAL BANKS POSTAL DEPOSIT POSTAL DEPOSITS POSTAL SAVINGS PRIVATIZATION PROCUREMENT PROFITABILITY PUBLIC ADMINISTRATION PUBLIC INVESTMENT RATE OF RETURN REGULATOR REGULATORY FRAMEWORK REMITTANCES RETURN ON ASSETS RETURN ON INVESTMENTS RETURNS RISK EXPOSURE RISK MANAGEMENT RISK PROFILE SAVINGS ACCOUNTS SAVINGS DEPOSITS SAVINGS PASSBOOK SAVINGS SERVICES SECONDARY MARKET SECURITIES SETTLEMENT SETTLEMENTS SMART CARDS SOCIAL SECURITY SOUND ASSET SOURCE OF INFORMATION STATE ENTERPRISE STATEMENT STOCKS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TELECOMMUNICATIONS TRADES TRADING TRANSPARENCY TREASURY TREASURY BILLS TRUST FUND UNION VALUE OF ASSETS VILLAGES VOLATILITY VULNERABLE GROUPS |
| spellingShingle |
ACCOUNTING ACCOUNTING STANDARDS ACTIVE TRADING AMOUNT OF RISK ASSET CLASS ASSET CLASSES ASSET LIABILITY MANAGEMENT ASSET MANAGEMENT ASSET MANAGERS ASSET PORTFOLIO AUDITS BALANCE SHEET BANK ACCOUNTS BANKING SECTOR BANKING SYSTEM BONDS BUSINESS DEVELOPMENT CAPITAL MARKET CASH BALANCES CASH FLOW CASH FLOW ANALYSIS CASH FLOWS CASH MANAGEMENT CENTRAL BANK CHECKS CORPORATE GOVERNANCE CREDIT EXPOSURE CREDIT MANAGEMENT CREDIT QUALITY CREDIT RISK CURRENT ACCOUNTS DEBT DEBT MARKETS DEFAULTS DEFICITS DEPOSIT DEPOSIT ACCOUNTS DEPOSIT LIABILITIES DEPOSIT MOBILIZATION DEPOSITORS DERIVATIVES DEVELOPMENT BONDS DIRECT INVESTMENT DOMESTIC BONDS DOMESTIC STOCKS EARNINGS ELECTRONIC PAYMENTS ELIGIBLE ASSET ELIGIBLE INSTRUMENTS EQUITIES EQUITY INVESTMENT EXTERNAL ASSET FIDUCIARY RESPONSIBILITY FINANCES FINANCIAL AFFAIRS FINANCIAL INSTITUTION FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PORTFOLIO FINANCIAL PRODUCTS FINANCIAL REPORTING FINANCIAL RISK FINANCIAL SERVICES FINANCIAL STATEMENTS FIXED INCOME FIXED INTEREST FIXED INTEREST RATE FIXED RATE FOREIGN CURRENCIES FOREIGN STOCKS FUND INVESTMENT FUND MANAGEMENT GOOD GOVERNANCE GOVERNANCE STRUCTURE GOVERNMENT BONDS GROWTH RATE HOLDINGS HOUSEHOLDS HUMAN RESOURCES INCOME INSTRUMENTS INCOME SECURITIES INCOME STATEMENT INDIVIDUAL SECURITIES INFORMATION SYSTEM INFORMATION SYSTEMS INFRASTRUCTURE PROJECTS INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BEST PRACTICE INTERNATIONAL STANDARDS INVESTING INVESTMENT ACTIVITIES INVESTMENT BANK INVESTMENT DECISION INVESTMENT DECISIONS INVESTMENT FUNCTIONS INVESTMENT GUIDELINES INVESTMENT HORIZON INVESTMENT INCOME INVESTMENT LOAN INVESTMENT MANAGEMENT INVESTMENT MANAGERS INVESTMENT OPERATIONS INVESTMENT OPTIONS INVESTMENT POLICY INVESTMENT PORTFOLIO INVESTMENT PORTFOLIOS INVESTMENT PROCEDURES INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT RESOURCES INVESTMENT RETURN INVESTMENT STRATEGIES INVESTMENT STRATEGY INVESTMENT TRANSACTIONS INVESTMENT TRUSTS LIABILITY LIABILITY MANAGEMENT LIQUIDITY LIQUIDITY RISK LOAN LOAN PROGRAM LOCAL CAPITAL MARKET LOCAL CURRENCY LONG-TERM INVESTORS MANDATE MANDATES MARK-TO-MARKET MARKET CONDITIONS MARKET RISK MATURITIES MATURITY MONEY MARKET MONEY MARKETS MONEY ORDERS NATIONAL DEVELOPMENT NATIONAL INVESTMENT NATIONAL SAVINGS NEGOTIATIONS OPERATIONAL RISK OPPORTUNITY COSTS OUTSOURCING PAYMENTS OF PRINCIPAL PENSION PENSION FUNDS PERSONAL SAVINGS PORTFOLIO MANAGEMENT PORTFOLIO MANAGERS PORTFOLIO RETURN PORTFOLIO RETURNS PORTFOLIO RISK POST BANK POST BANKS POST OFFICE POST OFFICE SAVING POST OFFICE SAVINGS POST OFFICES POSTAL BANK POSTAL BANKS POSTAL DEPOSIT POSTAL DEPOSITS POSTAL SAVINGS PRIVATIZATION PROCUREMENT PROFITABILITY PUBLIC ADMINISTRATION PUBLIC INVESTMENT RATE OF RETURN REGULATOR REGULATORY FRAMEWORK REMITTANCES RETURN ON ASSETS RETURN ON INVESTMENTS RETURNS RISK EXPOSURE RISK MANAGEMENT RISK PROFILE SAVINGS ACCOUNTS SAVINGS DEPOSITS SAVINGS PASSBOOK SAVINGS SERVICES SECONDARY MARKET SECURITIES SETTLEMENT SETTLEMENTS SMART CARDS SOCIAL SECURITY SOUND ASSET SOURCE OF INFORMATION STATE ENTERPRISE STATEMENT STOCKS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TELECOMMUNICATIONS TRADES TRADING TRANSPARENCY TREASURY TREASURY BILLS TRUST FUND UNION VALUE OF ASSETS VILLAGES VOLATILITY VULNERABLE GROUPS World Bank Egyptian National Postal Organization : Review of Asset Management Operations |
| geographic_facet |
Middle East and North Africa Egypt, Arab Republic of |
| description |
This report presents the missions
observations and recommendations. The mission has not been
able to review the investment manual and current investment
procedures as the relevant documents have not been yet
forwarded by Egyptian National Postal Organization (ENPO) as
requested. ENPO was established in 1865 and since its
creation it has always had a clear mandate of public service
that remains dominant until today despite the growing
competitive pressures that the organization is facing in
most of its markets. ENPO's activities center around
two major categories: postal and other services, and
financial services. Postal services include letters (regular
and express mails) and parcels. Other services are public
services, such as bills payments (telecom, car insurance,
and taxes) and government services, including pension
payment and government money orders. ENPO currently holds 18
million savings accounts, against 8 million for the rest of
the banking sector, making it the first financial
institution in the country in terms of number of accounts.
In terms of deposits however, ENPO remains under 10 percent
which is typical for postal operators whose customers are
usually low-income households with small savings, therefore
the large number of accounts does not translate into a large
amount of total savings. ENPO provides daily interest
accounts, and postal savings passbook. More recently, it
introduced the postal investment book with guaranteed principal. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Egyptian National Postal Organization : Review of Asset Management Operations |
| title_short |
Egyptian National Postal Organization : Review of Asset Management Operations |
| title_full |
Egyptian National Postal Organization : Review of Asset Management Operations |
| title_fullStr |
Egyptian National Postal Organization : Review of Asset Management Operations |
| title_full_unstemmed |
Egyptian National Postal Organization : Review of Asset Management Operations |
| title_sort |
egyptian national postal organization : review of asset management operations |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2009/06/16461511/egyptian-national-postal-organization-review-asset-management-operations http://hdl.handle.net/10986/12694 |
| _version_ |
1764421713922097152 |
| spelling |
okr-10986-126942021-04-23T14:03:05Z Egyptian National Postal Organization : Review of Asset Management Operations World Bank ACCOUNTING ACCOUNTING STANDARDS ACTIVE TRADING AMOUNT OF RISK ASSET CLASS ASSET CLASSES ASSET LIABILITY MANAGEMENT ASSET MANAGEMENT ASSET MANAGERS ASSET PORTFOLIO AUDITS BALANCE SHEET BANK ACCOUNTS BANKING SECTOR BANKING SYSTEM BONDS BUSINESS DEVELOPMENT CAPITAL MARKET CASH BALANCES CASH FLOW CASH FLOW ANALYSIS CASH FLOWS CASH MANAGEMENT CENTRAL BANK CHECKS CORPORATE GOVERNANCE CREDIT EXPOSURE CREDIT MANAGEMENT CREDIT QUALITY CREDIT RISK CURRENT ACCOUNTS DEBT DEBT MARKETS DEFAULTS DEFICITS DEPOSIT DEPOSIT ACCOUNTS DEPOSIT LIABILITIES DEPOSIT MOBILIZATION DEPOSITORS DERIVATIVES DEVELOPMENT BONDS DIRECT INVESTMENT DOMESTIC BONDS DOMESTIC STOCKS EARNINGS ELECTRONIC PAYMENTS ELIGIBLE ASSET ELIGIBLE INSTRUMENTS EQUITIES EQUITY INVESTMENT EXTERNAL ASSET FIDUCIARY RESPONSIBILITY FINANCES FINANCIAL AFFAIRS FINANCIAL INSTITUTION FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PORTFOLIO FINANCIAL PRODUCTS FINANCIAL REPORTING FINANCIAL RISK FINANCIAL SERVICES FINANCIAL STATEMENTS FIXED INCOME FIXED INTEREST FIXED INTEREST RATE FIXED RATE FOREIGN CURRENCIES FOREIGN STOCKS FUND INVESTMENT FUND MANAGEMENT GOOD GOVERNANCE GOVERNANCE STRUCTURE GOVERNMENT BONDS GROWTH RATE HOLDINGS HOUSEHOLDS HUMAN RESOURCES INCOME INSTRUMENTS INCOME SECURITIES INCOME STATEMENT INDIVIDUAL SECURITIES INFORMATION SYSTEM INFORMATION SYSTEMS INFRASTRUCTURE PROJECTS INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BEST PRACTICE INTERNATIONAL STANDARDS INVESTING INVESTMENT ACTIVITIES INVESTMENT BANK INVESTMENT DECISION INVESTMENT DECISIONS INVESTMENT FUNCTIONS INVESTMENT GUIDELINES INVESTMENT HORIZON INVESTMENT INCOME INVESTMENT LOAN INVESTMENT MANAGEMENT INVESTMENT MANAGERS INVESTMENT OPERATIONS INVESTMENT OPTIONS INVESTMENT POLICY INVESTMENT PORTFOLIO INVESTMENT PORTFOLIOS INVESTMENT PROCEDURES INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT RESOURCES INVESTMENT RETURN INVESTMENT STRATEGIES INVESTMENT STRATEGY INVESTMENT TRANSACTIONS INVESTMENT TRUSTS LIABILITY LIABILITY MANAGEMENT LIQUIDITY LIQUIDITY RISK LOAN LOAN PROGRAM LOCAL CAPITAL MARKET LOCAL CURRENCY LONG-TERM INVESTORS MANDATE MANDATES MARK-TO-MARKET MARKET CONDITIONS MARKET RISK MATURITIES MATURITY MONEY MARKET MONEY MARKETS MONEY ORDERS NATIONAL DEVELOPMENT NATIONAL INVESTMENT NATIONAL SAVINGS NEGOTIATIONS OPERATIONAL RISK OPPORTUNITY COSTS OUTSOURCING PAYMENTS OF PRINCIPAL PENSION PENSION FUNDS PERSONAL SAVINGS PORTFOLIO MANAGEMENT PORTFOLIO MANAGERS PORTFOLIO RETURN PORTFOLIO RETURNS PORTFOLIO RISK POST BANK POST BANKS POST OFFICE POST OFFICE SAVING POST OFFICE SAVINGS POST OFFICES POSTAL BANK POSTAL BANKS POSTAL DEPOSIT POSTAL DEPOSITS POSTAL SAVINGS PRIVATIZATION PROCUREMENT PROFITABILITY PUBLIC ADMINISTRATION PUBLIC INVESTMENT RATE OF RETURN REGULATOR REGULATORY FRAMEWORK REMITTANCES RETURN ON ASSETS RETURN ON INVESTMENTS RETURNS RISK EXPOSURE RISK MANAGEMENT RISK PROFILE SAVINGS ACCOUNTS SAVINGS DEPOSITS SAVINGS PASSBOOK SAVINGS SERVICES SECONDARY MARKET SECURITIES SETTLEMENT SETTLEMENTS SMART CARDS SOCIAL SECURITY SOUND ASSET SOURCE OF INFORMATION STATE ENTERPRISE STATEMENT STOCKS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TELECOMMUNICATIONS TRADES TRADING TRANSPARENCY TREASURY TREASURY BILLS TRUST FUND UNION VALUE OF ASSETS VILLAGES VOLATILITY VULNERABLE GROUPS This report presents the missions observations and recommendations. The mission has not been able to review the investment manual and current investment procedures as the relevant documents have not been yet forwarded by Egyptian National Postal Organization (ENPO) as requested. ENPO was established in 1865 and since its creation it has always had a clear mandate of public service that remains dominant until today despite the growing competitive pressures that the organization is facing in most of its markets. ENPO's activities center around two major categories: postal and other services, and financial services. Postal services include letters (regular and express mails) and parcels. Other services are public services, such as bills payments (telecom, car insurance, and taxes) and government services, including pension payment and government money orders. ENPO currently holds 18 million savings accounts, against 8 million for the rest of the banking sector, making it the first financial institution in the country in terms of number of accounts. In terms of deposits however, ENPO remains under 10 percent which is typical for postal operators whose customers are usually low-income households with small savings, therefore the large number of accounts does not translate into a large amount of total savings. ENPO provides daily interest accounts, and postal savings passbook. More recently, it introduced the postal investment book with guaranteed principal. 2013-03-13T18:14:40Z 2013-03-13T18:14:40Z 2009-06 http://documents.worldbank.org/curated/en/2009/06/16461511/egyptian-national-postal-organization-review-asset-management-operations http://hdl.handle.net/10986/12694 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Middle East and North Africa Egypt, Arab Republic of |