By Hossam Mounir
In his first announcement as the new Regional Manager of the Treasury Department for Egypt, Jordan, Tunisia and Algeria, at the Arab Banking Corporation (ABC), Mohamed Taha told Daily News Egypt that increasing the number of ABC’s clients his top priority.
Taha started his duties with ABC on Monday, two months after his resignation from his Vice-Chairman position at Banque Du Caire.
Achieving that goal, he added, requires studies to offer a number of new products that help the bank attract the savings of individuals and companies on the one hand, and contribute to increasing the number of those who deal with the bank on the other.
According to Taha, these products will be in the Egyptian and US currencies as well, to attract different classes to the clients’ base.
Mohamed Taha resigned from Banque Du Caire in the first week of April and was waiting for the approval of the resignation from the Central Bank of Egypt (CBE).
Mohamed Taha has a bachelor’s degree in economy from the American University in Cairo. He began his career in Mosafco International in the United States, where he worked as Petroleum Service Manager between 1978 and 1983.
Taha began his career in banking in 1983, and since then has occupied many positions, the most important of which was his position as assistant to the international transaction manager at the Islamic International Bank for Investment and Development. He has also held positions as Executive Vice President and manager of the treasury department at the Egyptian American Bank. Taha worked as the First Vice President of ABC before taking his new position.
He was chosen to be the head of the founding committee of the interest rates in working banks in Egypt by the Federation of Egyptian Banks (FEB). He is also a member in the committee of the major traders’ policies and procedures in cooperation with Ministry of Finance and the Egyptian Financial Supervisory Authority (EFSA).