Financial and Banking News
Foreign Banks Reduce Presence in Egypt, Jordan
Lloyds Bank last week announced that it is scaling down its Egyptianoperations and making about 20 of its staff there redundant. Lloyds plans tokeep only its Zamalek branch in Cairo (closing down its city center branch) andwill close its Alexandria branch next month. The bank referred to the downturnin the volume of trade-related business available in Egypt, but stressed its...