trending Market Intelligence /marketintelligence/en/news-insights/trending/H5jnEgwITEq_9ieri4EnDg2 content esgSubNav
In This List

No request received from Bank Audi to sell Egyptian unit, central bank says

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration


No request received from Bank Audi to sell Egyptian unit, central bank says

The Central Bank of Egypt (SAE) said it has not received a request from Lebanon-based Bank Audi SAL to sell its Egyptian subsidiary Bank Audi (SAE), Reuters reported, citing a statement from the regulator.

The central bank's statement comes following a report by Thomson Reuters' Zawya, which cited Saudi broadcast channel Al Arabiya TV, that Bank Audi was seeking to sell the unit, as part of a restructuring process due to the political and economic emergency in Lebanon.