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السويس بلدي
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Source: السويس بلدي
2 Daysالسويس بلدي
Source: السويس بلدي
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Two settlement agreements have been signed to resolve the debts of the National Investment Bank, amounting to a total of 98.1 billion Egyptian pounds. This includes the debt of the National Media Authority valued at 88.3 billion pounds and the debts of the New Urban Communities Authority at 9.8 billion pounds. These settlements are part of the Egyptian government's efforts to finalize and manage financial liabilities and entanglements dating back to the 1980s, with the goal of restoring the bank’s financial position and enhancing its developmental and financial capabilities. From March 2023 to June 2026, the total value of financial settlements signed has reached approximately 294.1 billion pounds, contributing to a net profit of 6 billion pounds after incurring losses of 31.7 billion pounds in the fiscal year 2023/2024. This supports the bank’s role in bolstering Egypt’s economic development efforts.
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