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Egypt central bank to increase commercial banks’ capital base 10-fold
Egypt Central Bank is planning to increase commercial banks’ minimum capital base from EGP500 million to EGP5 billion. This was disclosed in a draft bill on banking and financial institutions’ activities. The capital base of foreign banks’ subsidiaries in the country should increase from $50 million to $150 million, according…
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Click here to read the full story: Ecofin Agency