AlexBank’s Board Ratifies EGP20mn Contribution to Long Live Egypt Fund

By Yomna Yasser On Sep 15, 2014

The Board of Directors of AlexBank – a member of Intesa Sanpaolo Group, approved the decision to contribute EGP 20 million (USD2.8 million) to the ‘Long Live Egypt’ Fund during its latest meeting held Thursday, September 11^th.

According to a statement released by the bank on Monday, AlexBank’s decision stems from its belief that all institutions must join forces to shore up the Egyptian Economy and contribute to boosting production.