No. 22



Egypts Private Sector Banks See 1999 And 1Q Profits Rise On The Back Of Higher Interest Rates

While the Egyptian Government struggles to solve the countrys liquidity problem by paying off its outstanding debt to private sector companies (MEES,8 May), Egypts private sector commercial banks have reported a solid increase in net profits for 1Q 2000, almost across the board. The profit rise was largely a result of the higher interest on overnight interbank lending...