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Headline: Egypt Source: Euromoney Date: July 2001 Best bank Commercial International Bank Best equity house EFG-Hermes Egypt has a clear leader in Commercial International Bank which retains its position as best bank. One analyst is unequivocal in his view on the country’s banking sector: “Commercial International Bank is clearly better than the other Egyptian banks,” he says. The bank has a strong wholesale franchise, good management strategy, technology and a very good financial profile. If there is a criticism it is that the bank concentrates heavily on Egypt’s manufacturing sector. |
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