Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported about the bank not adhering to the CBE instructions due to his affiliation to the Ministry of Social Solidarity, noting that the bank coordinates with the CBE in this regard.
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Basel El Hini, MIHC’s chairperson and managing director said that the company is working to develop insurance products for customers, through developing products’ promotional mechanisms at the current stage, to keep pace with global and technological developments in the insurance industry.
Subscription ends on 4 January 2020, and can be suspended after 10 days if the subscription was not fully covered, says Farouk
The NSB’s board of directors agreed to allow Banque Misr, the National Bank of Egypt (NBE), and the Suez Canal Bank to receive subscription, purchasing, and underwriting offers for the fund.
Bank profits grow 47% year-over-year, says Farouk
New fund receives EGP 80m from Tahya Misr Fund, EGP 20m from Ministry of Endowments