Largest bank in Spain discusses investments in Egypt

The Spanish bank Lakaz decided to enter the Egyptian market to invest in the insurance and real estates fields.

Maged El-Meshawi, the delegate member in Yonikab company for promotion and advisor to the bank in Egypt, said that a delegation from the Spanish bank will visit Egypt today for 3 days to hold negotiations with some Egyptian companies.

He added that officials from the Spanish bank will convene with the head of the board of directors of Egypt Company for Insurance to discuss means of cooperation, and will hold negotiations with large contracting company to contribute in financing real estates projects.

He said Lakaz bank is the largest bank in Spain and it has 100 branches.