Attijariwafa Bank Egypt hikes paid-up capital to EGP 5 billion

Attijariwafa Bank Egypt’s general assembly has recently approved paid-up capital increase to 5 billion Egyptian pounds ($317.7 million), managing director Hicham Seffa said on Wednesday.

The capital increase reflects the bank’s strength and firm commitment to further expansion in the Egyptian market, Hicham Seffa told Amwal Al Ghad.

Attijariwafa Bank Egypt is part of the Attijariwafa Bank, one of Morocco’s largest banks.