VOL. XLII

No. 33

16-August-1999

EGYPT

Citibank Expands Retail Credit Services

Citibank is planning to expand its retail operations inEgypt, beginning with a credit card that it launched in July in conjunctionwith Mastercard. A source at Citibank in Cairo said that in addition to thecredit cards, Citibank is also planning to enter the personal lending marketnext year and is looking to expand its branch network across Egypt. The sourcesaid that although Citibank has no imminent plans to acquire or...