Interview: Egypt is the cherry for Gulf investors: ADCB managing director and CEO Ihab ElSewerky

Interview: Egypt is the cherry for Gulf investors: ADCB managing director and CEO Ihab ElSewerky

On 30 August, the Egyptian banking market welcomed a UAE newcomer, the Abu Dhabi Commercial Bank (ADCB), to be the fifth Gulf bank to operate in Egypt with total assets of EGP 1.75 trillion.

In interview, ADCB managing director and CEO Ihab ElSewerky talked with Ahram Online about the bank's strategy and how attractive the Egyptian market is to Gulf investors.

Ahram Online: What lured ADCB to enter the Egyptian market to be the fifth Gulf financial Institution to join the Egyptian banking system?

Ihab ElSewerky: Egypt and the UAE are linked with special ties that are built on coherence, cooperation and mutual respect. In addition, the UAE is the top international and Arab country in terms of foreign investments in the Egyptian market over recent years.

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