Fitch IBCA Assigns BBB- Rating To National Bank Of Egypt
Ratings agency Fitch IBCA assigned a long-term rating ofBBB- on 4 March to the National Bank of Egypt (NBE). It also assigned threeother ratings as follows:
Through Nile Rating, a locally incorporated member of theFitch IBCA group, NBE was assigned a national rating of AA+. NBE, which isEgypts oldest and largest bank, is wholly-owned by the government and offersretail,...
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