VOL. XLIV
No 43
22-October-2001
EGYPT
Nomura Says CIB And MisrInternational Bank Significantly Undervalued, Maintains At Buy
Nomura has maintained EgyptsCommercial International Bank (CIB) and Misr International Bank (MIB) at Buy,arguing that current turmoil in global equity markets enhance the banks appealas a natural hedge against the uncertainties affecting other sectors. In itsSeptember report entitled EMEA Banks Whats on the Horizon?, Nomura concedesthat Middle East and North Africa shares...
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