CISE settles debts with banks

Co-operative insurance society Egypt starts settling its debts with Alex Bank, National Bank, Industrial development Bank and the social fund for development.

Abdel Monaem Bekheet, head of CIS, said that the CIS will set a scheduled plan for the total settlement which is EGP 46 million. Bekheet assured the stable relations between CIS and the banks and he proved that by saying that the CIS insured 70% of the National Bank’s insurance portfolio of the north.

Amwal Alghad