VOL. XLII

No. 17

26-April-1999

EGYPT

TFBW Assigns Ratings To National Bank Of Egypt

Thomson Financial Bank Watch (TFBW) has assigned an LC-1short-term local currency debt rating and a BB+ senior debt rating to theNational Bank of Egypt (NBE). The bank, which is Egypts largest, has thebiggest market share of the Egyptian systems assets at 20%, and of thesystems customer deposits at 23%.

According to a statement from TFBW, "in the past fewyears, National Bank of Egypt has expanded its traditional...