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March 03, 2010
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Prime Minister, Dr. Ahmed Nazif, received the regional manager of HSBC and confirmed our interest in the bank's exit in Egypt as one of the most important banks working in various economic fields.
Dr. Nazif and the guest reviewed the banking and financial sector restructuring programme in Egypt. Dr. Nazif mentioned that the first phase in overcoming consequences of the global financial crisis was successfully implemented. The next phase of the programme, which is carried currently, will focus on the other financial services such as insurance and securities market.
Dr. Nazif highlighted the necessity of the financial human cadres' development which would positively affect the sector's performance. Providing the finance required for small and medium seized projects shall be once of the products being focused by the bank in the Egyptian market, Dr. Nazif said.
Both sides discussed the greater projects which the government will carry out as well as the bank's role in facilitating finance for these projects.
Economists worldwide are looking to the Egyptian market as an attractive market for investments and banking transactions, the guest added. He showed the bank's interest in expanding and deepening activities and offering new fields in the Egyptian market.
The human force in banks sector in Egypt is excellent and can be developed to reach the global levels, the guest added.
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