NO. 46


Financial and Banking News

Regional Banking

Four Big Egyptian Banks To Remain In State Hands

The Egyptian Minister for the Economy and Overseas Trade, Mr. Mahmud MuhammadMahmud, has said that a disposal of shares in the four state-owned commercialbanks is not imminent. In an interview with the Cairo daily al-Ahram on 8August, Mr. Mahmud said that the banking sector was one of the main pillars ofthe Egyptian national economy and that the aggregate balance sheet of...