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NBE: assets surge to 1.1 trillion Egyptian pounds after currency float move
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion Egyptian pounds ($58.5 billion) following Nov.3 flotation of the local currency, an official in the bank announced Wednesday. NBE’s Deputy Chairman, Yehia Aboul Fotouh further said that NBE’s portfolio of bad loans also…
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