Bank Audi to buy Egyptian operations of Greek bank.

Bank Audi-Egypt, a fully-owned subsidiary of the Bank Audi group, has reached a final agreement with the National Bank of Greece (NBG) to acquire the banking operations of its Egyptian branch, according to statements by the two lenders.

NBG said its Egyptian operations consist of 17 branches, nearly 250 employees, and total assets of €110 million ($123 million). The acquisition includes Egyptian-risk loans, deposits, and securities.

Closing of the deal requires the final regulator...

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