Egypt approves QNB's acquisition of NSGB
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Egypt approves QNB's acquisition of NSGB

Egypt approves QNB's acquisition of NSGB

Qatar National Bank (QNB) has been granted the Egyptian central bank's approval to acquire a majority stake in National Societe Generale Bank - Egypt (NSGB), Ahram has reported. QNB said it had begun legal measures with the Egyptian government to obtain Societe Generale's Egypt unit and expects to complete the acquisition within two months.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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