VOL. XL

No. 9

3-March-1997

EGYPT

Vice-Governor Of CBE Says One Public Sector Bank Will Be Privatized By Year End

In remarks made to Reuters news agency, a deputy-governor of the Central Bank of Egypt (CBE) said on 26 February that one of the four big state-owned banks will be privatized by the end of 1997. In the first official admission that such a sale is under consideration, Ms. Faiqa al-Rifa'i said on 26 February that the candidate had not been chosen as yet but that the government was...