Three foreign offers to purchase government's share in Misr-America Bank

ArabicNews.com learned from Egyptian banking sources today that the French bank Credit Agricol Indosuez will buy 82% of the shares of Misr-America international bank owned by the Egyptian public sector.

The British Standard Chartered Bank and the Kuwait - Egyptian Holding Company also presented purchase offers on these shares, especially because the bank achieved a 30% increase in profits from January 1 through the end of September in comparison to the same period last year.