Financing government projects & boasting significant sovereign debt holdings are 2 key factors that helped the National Bank of Egypt maintain a strong performance over the past decade. However, its outlook may not be so bright...
Financing government projects and boasting significant sovereign debt holdings are two key factors that helped the National Bank of Egypt maintain a strong performance over the past decade. However, the outlook for the North African country's largest bank may not be so bright due to the Russo-Ukrainian war impact.
“By virtue of their size in the banking sector, the NBE and Banque Misr [Egypt’s largest two state banks] own the largest portfolios of Egyptian treasury bonds and bills,” economist Hany Genena, the former assistant sub-governor of the banking sector reform department at the Central Bank of Egypt , tells
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