The Egyptian Prime Minister, Atef Ubeid, recently anticipated that customer deposits in local commercial banks, in the form of both foreign and local currency deposits, would grow by eight percent in 2002, compared with the previous year, reported Al-Hayat. In 2001, the value of deposits reached 224 billion Egyptian Pounds ($49 billion) and $19.6 billion. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
