Decision to list 2 banks on EGX 'important'

The decision of the government and the Central Bank of Egypt (CBE) to list shares of two banks on Egypt Exchange is considered one of the most important economic decisions taken in Egypt over the past ten years, said EGX chairman Mohamed Omran.

This approach which is adopted by the state will expand investment for the banks and enhance the attractiveness of the Egyptian capital market, he added in statements on the sidelines of the conference of financing and investment for enhancing financial inclusion, stability and combating terrorism, which is organized by the Union of Arab Banks in Sharm el Sheikh.

He, meanwhile, underlined the need of encouraging trade in bonds, which represents two thirds of the investment portfolios in the advanced world.