(3 minutes read)
· Egypt’s President Abdel Fattah El-Sisi directed that all challenges and obstacles facing the banking assets in the country should be effectively addressed
· The directives came during a meeting to discuss the State’s banking sector activity with the CEO’s and high functionaries of the banking sector
· The meeting discussed the efforts that have to be developed to achieve optimal use of these assets, particularly land
· The President emphasized that the government needs to start preparing urban marketing studies to allow optimal investment for these assets
Egypt’s President Abdel Fattah El-Sisi directed that all challenges and obstacles facing the banking assets in the country should be effectively addressed. The directives came during a meeting to discuss the State’s banking sector activity with the CEO’s and high functionaries of the banking sector.
People who attended meeting included Governor of the Central Bank of Egypt (CBE) Tarek Amer, Deputy Governor of the Central Bank of Egypt for Banking Stability Gamal Negm, Deputy Governor for Monetary Stability Rami Abulnaga, Sub-Governor Cyber Security Sherif Hazem, Chairman of Banque Misr Mohamed El-Etreby, and Chairman of National Bank of Egypt (NBE) Hisham Okasha.
The meeting discussed the efforts that have to be developed to achieve optimal use of these assets, particularly land. The President emphasized that the government needs to start preparing urban marketing studies to allow optimal investment for these assets.
The efforts exerted by the CBE to enhance cybersecurity strategy in the financial sector,one of the biggest challenges arising amid the country’s transformation into a cashless society, was also discussed. Need for enhancing fintech applications was also discerned. President El-Sisi assured that full support would be offered to all pillars of cybersecurity in the financial sector by providing a secure infrastructure and qualified cadres.
