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| Author: | Olivier, C. |
| Title: | Waiting on the state |
| Journal: | Euromoney
2000 : APR, 372, p. 149-153 |
| Index terms: | EGYPT DEVELOPMENT BANKING |
| Language: | eng |
| Abstract: | The development of banking in Egypt depends heavily on government action. Privatization is moving slowly, important legislation has been delayed and there are no signs that the overvalued Egyptian pound will be devalued. The equity market is also stagnant, with few private companies making new listings. Because of the dominant position of the four state-owned banks -- they hold about 50 % od assets -- private banks in Egypt are still quite small by international standards. |
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