|
Cairo: Egyptian banks are hoping to entice back expatriates in foreign banks |
||||||
Because of the dominant position of the four state-owned banks – they hold about 50% of assets – private banks in Egypt are still quite small by international standards.
Commercial International Bank (CIB), for example, the country’s largest private bank, had assets of just $3.9 billion at the end of 1998. With the exception of EFG Hermes in equity capital markets, not one of the private banks has managed to secure more than a 4% share in any major product.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
