moodys upgrade mirrors confidence in egyptian economy
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Moody's upgrade mirrors confidence in Egyptian economy

Arab Today, arab today

Arab Today, arab today Moody's upgrade mirrors confidence in Egyptian economy

Global credit rating agency Moody
Cairo - MENA

Moody's upgrading of five Egyptian banks to B3 is a good indicator on the strength of the Egyptian economy, said managing director and executive director of Blom-Egypt Bank Mohamed.

He attributed the upgrading of five Egyptian banks to the successful economic policies adopted by the Egyptian government lately.

He lauded the measures taken by the government to assure investors, both local and foreign ones, on their investments, saying their consequences were clearly manifested during the Sharm el Sheikh conference either in terms of investor attendance or investments that were secured.

The Egyptian banking sector, thanks to the latest measures by the Central Bank of Egypt to fight parallel market, is now on the right track, he added.

Speaking about foreign banks operating in Egypt, he said they, including Lebanon's Blom Bank, are working under the supervision of the Central Bank of Egypt and they play a role in boosting the Egyptian economy through the projects they finance.

He said Blom bank's capital hit one billion pounds and it has now 31 branches across the nation.

The bank's credit portfolio reached 5.2 billion pounds and it plans to increase it next year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

moodys upgrade mirrors confidence in egyptian economy moodys upgrade mirrors confidence in egyptian economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

moodys upgrade mirrors confidence in egyptian economy moodys upgrade mirrors confidence in egyptian economy

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday