|
Minister of economy: No privatization for public sector banks
Egypt, Business, 1/21/2000
Egyptian Economy Minister Yousef Boutros Ghali said that there would be no privatization, currently, of any of the four public sector banks (the National Bank, Misr, Alexandria and Cairo) so that citizens would have complete confidence in machinism of the market and not to cause any negative impact on the depositors and their savings.
Ghali denied currently news about this subject, considering it absolutely untrue.
Ghali urged mergers among the banks working in the country to increase the efficiency of their economic performance and increase the competitive capability of the banking system.
Previous Stories:
World Bank expects high economic growth in Egypt
(1/11/2000)
A review of Egypt's economic activities in 1999 in different sectors
(12/28/1999)
Privatization activities on the rise
(12/22/1999)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
