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...
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