Central Bank of Egypt (CBE) announced Tuesday it considers adding stakes of two new banks in the Egyptian stock market to raise capital, Al Bawaba News reported. CBE Governor Tarek Amer said the bank would put shares of "successful" state-owned companies and banks in the Egyptian stock in the coming period. Amer denied the National Bank of Egypt and Banque Misr would be included in the new plans, as investing shares of the two banks in the stock market would increase capital but makes a 20% reduction in the government's share in the two banks.
