{"id":598258,"date":"2019-05-20T04:03:47","date_gmt":"2019-05-20T04:03:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/"},"modified":"2019-05-20T04:03:47","modified_gmt":"2019-05-20T04:03:47","slug":"bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/","title":{"rendered":"Bank Audi, NBG to present acquisition bid to the central bank in two week"},"content":{"rendered":"<p><b>M&A WATCH- Bank Audi, NBG seeking central bank signoff on sale:<\/b> Bank Audi and the National Bank of Greece (NBG) plan will seek Central Bank of Egypt signoff within two weeks on a transaction that would see Audi acquire NBG\u2019s operations in Egypt, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19052019&id=1b32dd75-b04c-4cde-80da-26fb59f58f8e\">Al Shorouk reported<\/a>. Bank Audi announced earlier this month that it <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/05\/bank-audi-to-acquire-nbgs-egypt-arm\/\">would acquire<\/a> National Bank of Greece\u2019s Egypt arm, including a book of \u201cmostly of Egyptian-risk loans, deposits and securities (total assets of c. EUR 110 mn), a branch network of 17 branches and c. 250 employees.\u201d NBG <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/nbg-receives-greenlight-to-exit-local-market-to-begin-receiving-offers-for-local-assets-in-august\/\">decided to exit the market<\/a> last year as part of a wider plan to reduce its overseas presence under an EU-supervised restructuring.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Bank Audi, NBG seeking central bank signoff on sale: Bank Audi and the National Bank of Greece (NBG) plan will seek Central Bank of Egypt signoff within two weeks on a transaction that would see Audi acquire NBG\u2019s operations in Egypt, Al Shorouk reported. Bank Audi announced earlier this month that it would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[2037,204,271,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598258","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-bank-audi","tag-banking","tag-central-bank-of-egypt","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3b4ae9f4-4383-4128-b543-0f403bc9a147","is_powered_by":true,"section_story_id":"78ec8a49-f88d-40de-9b99-186c8010b5a3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598247],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank Audi, NBG to present acquisition bid to the central bank in two week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Audi, NBG to present acquisition bid to the central bank in two week\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Bank Audi, NBG seeking central bank signoff on sale: Bank Audi and the National Bank of Greece (NBG) plan will seek Central Bank of Egypt signoff within two weeks on a transaction that would see Audi acquire NBG\u2019s operations in Egypt, Al Shorouk reported. Bank Audi announced earlier this month that it would [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-20T04:03:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Bank Audi, NBG to present acquisition bid to the central bank in two week\",\"datePublished\":\"2019-05-20T04:03:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Bank Audi\",\"banking\",\"Central Bank of Egypt\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/\",\"name\":\"Bank Audi, NBG to present acquisition bid to the central bank in two week - 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The National Bank of Greece (NBG) has asked the Central Bank of Egypt (CBE) for a grace period until the end of October to resolve a disagreement with employees\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595079,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/will-the-central-bank-of-egypt-sign-off-soon-on-nbgs-sale-to-bank-audi\/","url_meta":{"origin":598258,"position":1},"title":"Will the Central Bank of Egypt sign off soon on NBG\u2019s sale to Bank Audi?","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"M&A WATCH- CBE to sign off soon on NBG sale to Bank Audi? The Central Bank of Egypt is set to approve Bank Audi\u2019s planned acquisition of the National Bank of Greece\u2019s (NBG) operations in Egypt, an unnamed CBE source tells Masrawy. According to the source, the CBE is finalizing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597771,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/bank-audi-to-acquire-nbgs-egypt-arm\/","url_meta":{"origin":598258,"position":2},"title":"Bank Audi to acquire NBG\u2019s Egypt arm","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"M&A WATCH- Bank Audi to acquire NBG\u2019s Egypt arm: Bank Audi will acquire National Bank of Greece\u2019s Egypt arm, including a book of \u201cmostly of Egyptian-risk loans, deposits and securities (total assets of c. EUR 110 mn), a branch network of 17 branches and c. 250 employees,\u201d NBG said in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600199,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/central-bank-of-egypt-approves-bank-audi-request-to-begin-due-diligence-on-nbg\/","url_meta":{"origin":598258,"position":3},"title":"Central Bank of Egypt approves Bank Audi request to begin due diligence on NBG","author":"enterpriseam admin","date":"22 January 2019","format":false,"excerpt":"M&A WATCH- CBE greenlights Bank Audi due diligence on NBG: The central bank given Bank Audi the go-ahead to do due diligence on the potential acquisition of the National Bank of Greece\u2019s (NBG) assets in Egypt, CBE Deputy Governor Gamal Negm told Masrawy. A source from Bank Audi said to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594357,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/is-nbg-egypts-unresolved-pay-disputes-with-its-staff-threatening-its-acquisition-by-bank-audi\/","url_meta":{"origin":598258,"position":4},"title":"Is NBG Egypt\u2019s unresolved pay disputes with its staff threatening its acquisition by Bank Audi?","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"M&A WATCH- Are NBG\u2019s unresolved pay disputes with its staff threatening its acquisition by Bank Audi? The National Bank of Greece (NBG) is still to resolve a disagreement with its staff over its pending sale to Bank Audi, which is threatening to stall the acquisition, sources with knowledge of the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592827,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/the-central-bank-of-egypt-is-officially-intervening-in-the-dying-nbg-bank-audi-acquisition\/","url_meta":{"origin":598258,"position":5},"title":"The Central Bank of Egypt is officially intervening in the dying NBG-Bank Audi acquisition","author":"enterpriseam admin","date":"7 November 2019","format":false,"excerpt":"M&A WATCH- The CBE is officially intervening in the NBG-Bank Audi acquisition as deadline to resolve employee dispute expires: Officials from the Central Bank of Egypt (CBE) meet next week with executives from Bank Audi and the National Bank of Greece (NBG) in a bid to resolve an employee compensation\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/587.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=598258"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598258\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598247"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598258"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598258"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}