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Best bank: Arab African International Bank Best equity house: EFG Hermes Best M&A house: Citi
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Egypt has one of the highest GDPs in the Middle East. But compared with the other big economies of the region – Saudi Arabia, United Arab Emirates and Iran – its consumer banking industry has lagged behind.
The two banks that are doing most to change that are Arab African International Bank (AAIB) and Commercial International Bank (CIB). The contest between these two banks is always close in the Euromoney best bank award for Egypt.
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