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Few changes at the top for Egypt's public banks A vote of confidence for the chairmen of Egypt's major publicly-owned banks as the prime minister reconfirms most in their positions
Egypt's ruling military council and the prime minister's cabinet have reappointed a number of top public banking officials to their positions. Mohamed Barakat was reappointed chairman of the board of directors of Bank Misr, while Tarek Amer has been reconfirmed as chairman of theNational Bank of Egypt. Amer's deputies, Hesham Okasha and Sharif Alawi, have also held their positions. But there was change at the Egyptian Arab Land Bank where Mohamed Fathi El-Etreby was appointed the new chairman of the board, replacing Fathi El-Sibaey. Moneer El-Zahed, ex-managing director of HSBC Egypt, has been appointed managing director of Banque du Caire. Also reappointed as managing directors were Mohamed Hany Seif El-Nasr at the Arab Investment Bank, Maged Fahmy Attiya at the Export Development Bank of Egypt, abd Mohsen El-Batran at the Principal Bank for Development and Agriculture Credit. Boards of directors at public sector banks will serve three-year terms.
