NBE to create EGP50m currency exchange company

By: Mahmoud Salah El-Din

Cairo - Mubasher: The National Bank of Egypt (NBE) is currently establishing a new currency exchange company, with a capital of EGP 50 million, the bank’s chairman told Mubasher.

The company will be completely owned by NBE and its subsidiaries, in order to enhance the services offered by the bank, he added.

NBE didn’t decide on the company’s name yet, but it will start with 10 branches.

MUBASHER Contribution Time: 02-Nov-2016 20:22 (GMT)
MUBASHER Last Update Time: 05-Nov-2016 12:12 (GMT)