FEBRUARY NIR - A SLOWDOWN IN NIR INCRAESE
​Egypt's Net International Reserves has been increasing since the flotation of the EGP in November 2017, however, the increase in the NIR in February came to be the lowest since the flotation, with an increase of only USD 178mn (+0.68%), as it has increased from USD 26.363bn in January 2017 to USD 26.542bn. Both gold reserves and foreign currency have increased by USD 170mn and USD 14mn respectively, however, SDRs have decreased by USD 7mn.
Since its founding in 1992 as a privatization consulting office to the government of Egypt, Prime has successfully reinvented itself as a regional investment bank with a presence in major Arab markets. We provide innovative and outstanding financial services to corporations, institutions, governments, and individuals, using the breadth of our expertise to enable them to reach their objectives.
Over the years, we have refocused our business and our people while extending our geographical reach and strengthening our technological capabilities.
Today, Prime is:
- A competitive leader in the region
- Focused on both clients and products
- Led by pioneers who see change as an opportunity that constructively challenges the status quo
- Driven by a fearless and unconditional commitment to delivery and performance
- Supported by a culture that emphasizes teamwork and a sense of urgency
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