Hassouna has closed structured and project finance transactions worth in excess of $15 billion in a sixteen-year career that began at Misr International Bank
. Hassouna joins EFG Hermes from Banque Audi Egypt, where he was general manager and head of structured finance and investment banking.
The same year NSGB acquired its larger rival Misr International Bank
with which it merged in December 2006.
Most banks in Egypt, including Misr International Bank
, National SociE[umlaut]tE[umlaut] GE[umlaut]nE[umlaut]rale Bank, Commercial International Bank and Arab Bank offer mobile banking services to all clients through partnerships with Egypt's three telecom providers: Vodafone, Etisalat and Mobinil.
At the top of the list are the Commercial Industrial Bank (CIB), Misr International Bank
(MIBank), Egyptian American Bank (EAB), and the National Societe Generale Bank.
The funs will be channelled as equity capital through the following local financial intermediaries: Export Development Bank of Egypt, Industrial Development Bank of Egypt, Misr International Bank
, Egyptian Finance Corporation and National Societe Generale Bank.
Most NPLs consist of legacy loans from NSGB's merger with another local bank (Misr International Bank
) in 2006, and are being gradually recovered or written off.