VOL. XLV

No 32

12-August-2002

EGYPT

Egyptian Banks Manage Small Profit Increase In 2001

Egypts threeleading private sector commercial banks National SocieteGeneral Bank (NSGB), Commercial International Bank (CIB) and Misr International Bank (MIBank) like the rest of the country, were impacted by the economic fallout of theterrorist attacks in the US on 11September. The most noticeable changes were the drop in tourist revenue and animmediate jump in the countrys balance of payments deficit, but...