CAIRO (Dow Jones)--Egypt's Prime Minister said Sunday the Egyptian financial sector was secure and had ample liquidity. "Egypt's reform plan for the sector that started in 2004 means that our banks were ready to face this crisis and are completely safe," Ahmed Nazif told reporters at a press conference. Nazif also said that the Central Bank of Egypt assures the safety of all deposits in Egyptian banks. The country's minister of investment stressed the stability of Egyptian banks and stated that companies looking for financing could see themselves having to depend on local banks amidst the current financial crisis. "Companies will have to rely on local...
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