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Sunday, 26 November 2017

National Bank of Greece reportedly looking to exit Egypt

National Bank of Greece to exit Egypt? The National Bank of Greece is reportedly looking for advisors on the potential sale of its 17 branches in Egypt, Al Borsa reports. The move is part of the bank’s restructuring plan mandated by the European Commission after Greece’s government debt crisis. The plan entails scaling back the bank’s presence overseas, according to the newspaper. A public relations officer at the bank declined to comment on the news, telling Al Borsa that any significant change in the bank’s plans would be announced officially.

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