The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman Yahia Aboul Fotouh tells Daily News Egypt. This week saw the bank launch the first two branches of its foreign exchange bureau, Al-Ahli Exchange Company, with EGP 200 mn in issued capital and EGP 50 mn in paid-up capital. NBE plans to add 30 branches to its network over the coming two years.

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