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

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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 11th.

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.