Presidents of NBE, Banque Misr expected to retain posts

CAIRO - 16 August 2017: Well-reliable banking sources expected on Wednesday that Presidents of National Bank of Egypt and Banque Misr Hisham Okasha and Mohamed el Atrebi, respectively, are expected to retain their posts in the coming reshuffle, expected to take place by the end of September.

The sources told MENA that the renewal of Okasha and Atrebi's terms for another three years will come in recognition of their great efforts in boosting the banking sector and national economy before and after the pound liberalization decision.

The reshuffle will include some presidents of other banks whose term will end on September 25.

In earlier statements, Deputy Governor of the Central Bank of Egypt Tarek Fayed said the reshuffle would take place on September 25 at most.