EFG-Hermes and CIIC plan strategic alliance
Egyptian financial groups EFG-Hermes and Commercial International Investment Company (CIIC) are in talks about a possible strategic alliance.
Read MoreHSBC sells CIE stake to Credit Agricole – source
London-based bank HSBC Holdings Plc is selling its stake in Credit International d’Egypte (CIE) to France’s Credit Agricole and an Egyptian business group, a banking source said.
Read MoreCIB net profits up 5-10%, analysts predict
Egypt’s biggest private bank CIB is expected to post net profit growth of 5-10% for the calendar year 2000, despite high provisions and dividend payouts, analysts said.
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