Continued foreign currency shortages, difficult operating conditions, and high asset risks were main contributors to the new outlook, noting that it may impact banks’ operations and place further pressure on various aspects of operations
The proposed acquisition comes in line with Intesa Sanpaolo's plan to boost their investments in Egypt and expand in financing small and medium projects (SMEs).
The 10 largest banks operating in the local market’s total financial position in March 2021 climbed to 5.930 trillion in March 2021
