January 13, 2020 / 3:00 PM / a month ago

Egypt's central bank received no request from Bank Audi to sell Egyptian unit

CAIRO, Jan 13 (Reuters) - Egypt’s central bank said in statement on Monday it had not received a request from Lebanon’s Bank Audi to sell its Egyptian unit.

Media reports said Bank Audi planned to sell its Egyptian unit as part of a restructuring process to deal with the financial and banking crisis in Lebanon.

Reporting by Ehab Farouk; Writing by Mahmoud Mourad; editing by David Evans

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