President Sisi follows upon state’s banking sector activity

President Sisi follows upon state’s banking sector activity

CAIRO – 11 May 2021: President Abdel Fattah El-Sisi directed on Monday that all challenges and obstacles facing these assets be overcome, said Presidential Spokesperson Bassam Radi in a statement. The President’s directives came during a meeting to discuss the State’s banking sector activity with Governor of the Central Bank of Egypt (CBE) Tarek Amer, Deputy Governor of the Central Bank of Egypt for Banking Stability Gamal Negm, Deputy Governor for Monetary Stability Rami Abulnaga, Sub-Governor Cyber Security Sherif Hazem, Chairman of Banque Misr Mohamed El-Etreby, and Chairman of National Bank of Egypt (NBE) Hisham Okasha. The meeting addressed lands in Egypt’s governorates, which are owned by government banks, the assets of which were discussed in detail. Efforts to develop and achieve optimal use of these assets were also presented. The President emphasized that the government needs to start preparing urban marketing studies to allow optimal investment for these assets and to serve as an added value to the activities of government banking institutions. The efforts exerted by the CBE to enhance cybersecurity strategy in the financial sector were tackled, one of the biggest challenges arising amid the country’s transformation into a cashless society. Furthermore, the CBE’s efforts to increase