NO. 24


Financial and Banking News

Regional Banking

Chemical Bank To Close Cairo Branch, Will Maintain Representative Office

Chemical Bank of the US has decided to close its Cairo branch but willmaintain a representative office there, according the bank's Country Manager,Mr. 'Imran Rif'at. The bank, which has been operating in Cairo since 1975,decided in January to close the branch in the Egyptian capital, where it islicensed to do business only with entities outside...