Please contact the IDBE
office at (313) 309-3215 or www.
The General Manager of Treasury at IDBE
, Haitham Abdel Fattah, said savings certificates come with a relatively long maturity period and are expensive for banks.
El-Kosayer will begin his tasks with PBDAC at the beginning of April, after finalising any remaining files he has at IDBE.
Alsayed El-Kosayer worked in the National Bank of Egypt (NBE) as a board member and head of the risks group, before joining the IDBE.
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IOMG ID Biomedical Corporation IDBE
II-VI Incorporated IIVI Imax Corporation IMAX Immersion Corporation IMMR Impac Mortgage Holdings, Inc.
is considering establishing three mini branches to support the initiative launched earlier by CBE to work on spreading banks all over the country in order to achieve financial inclusion, El-Kosayer said.
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ASA previously refused to approve the financial statements of IDBE dating from the period between 2010 and 2014 due to a shortfall in the IDBE's liquidity created by the bank's allocation of its capital base to cover non-performing debt.
IDBE closed this shortfall in 2015 and recorded a net profit of EGP 126m after paying taxes, according to El-Kosayer.