THE COMPANY: Egyptian Financial Group (EFG) was established in 1984 as a consulting boutique. It merged with Hermes Financial in 1996 to form EFG-Hermes Holding. In 2007, the company acquired a stake in Bank Audi, a Lebanese commercial bank, to smooth income fluctuations by developing an integrated...
THE COMPANY: Eastern Company (EC) is the leading tobacco manufacturer in Egypt, with an estimated market share of 81% in fiscal year 2011/12 (FY11/12). The industry caters to 31% of the population, who consume an average of 10 sticks per day. EC produces five main products: cigarettes, molasses tobacco,...
Although summer 2013 has seen increased political risk and uncertainty in the country’s broader macroeconomic environment, the positive financial results of Egypt’s banking sector over 2012 and into 2013 attest to its overall resilience. A process of regulatory reform, which began in 2004, underpins this solid performance, and continues to this day...
THE COMPANY: Commercial International Bank (CIB) was established in 1975 as a joint venture between the National Bank of Egypt (51%) and Chase Manhattan Bank (49%). It is now the biggest publically traded bank in Egypt. With the sale of National Société Générale Bank, CIB offers the only exposure to a...
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