state banks

Latest news and articles about state banks from NEX English

Indonesia Enhances Competitiveness by Merging Asset Management Units

Indonesia has announced progress in its sovereign wealth fund's plan to merge asset management units of state-owned banks in a deal valued at <strong>$159 million</strong>. This merger aims to enhance the regional competitiveness of these financial institutions.

Egypt's Central Bank Engages Firms to Evaluate Major State Banks

The International Monetary Fund announced that the Central Bank of Egypt has tasked two international firms with evaluating the country's largest state banks. This decision is part of the Egyptian government's efforts to enhance transparency and improve the financial performance of banks.