Pharos Holding held its Egypt Banking Day event last week, which highlighted industry to international and local fund managers. Pharos COO Angus Blair gave a welcome speech that was followed by a panel discussion led by Head of Research Radwa El-Swaify. Panelists included CIB Consumer Banking CEO Ahmed Issa, EG Bank Head of Corporate Banking Ahmed Nagui, and Banque Misr Deputy Head of Retail Banking Hendy Fahmy. The event included a discussion on the role of the banking sector in financing large projects, in addition to the importance of banks in financing SMEs. Seven Egyptian banks and more than 40 fund managers participated in the event, which El-Swaify called “an excellent [chance] to exchange experiences among fund managers and to hold multiple discussions about the latest developments in the Egyptian banking sector and the economy.”