Egypt’s NSGB Reports 10 Pct Rise In Q3 Net Profit

By Amwal Al Ghad English On Nov 8, 2012

National Societe Generale Bank (NSGB), Egypt’s second-biggest private sector bank by market capitalisation, reported on Thursday a 10 percent rise in third quarter net income for 2012 to 389.5 million Egyptian pounds ($63.7 million).

Qatar National Bank is in talks to buy a controlling stake in NSGB that is now held by France’s Societe Generale.

Reuters

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