Sawiris makes public plea for a banking license

Sawiris: Please, sir. May I have a bank? Naguib Sawiris has again made it clear that he would really like to open a bank if the authorities would only allow it. “If the Governor of the Central Bank of Egypt gives me a license for a bank, I’ll open it tomorrow,” he reportedly said at the World Youth Forum last week, according to Forbes Middle East. He added that he had tried to get a license in the past but was rejected. He says his main motivation for starting one is to channel funding to entrepreneurs in Egypt, which he says have lacked access to capital from other banks.