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Monday, 11 April 2016

CBE to amend Central Bank Act, conducts “rigorous evaluation” of bank management

Central Bank to amend CBE Act, conduct “thorough evaluation” of bank management: Central Bank of Egypt Deputy Governor Gamal Negm said yesterday that the CBE is planning to amend the Central Bank Act, but did not state what the amendments would entail, Al Masry Al Youm reports. He also said the CBE was conducting a thorough evaluation of the banking sector’s board of directors and executive management, without stating the purpose of this evaluation.

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