The Egyptian website “Cairo 24” reported that huge amounts of money were stolen from the National Bank of Egypt, the largest state-owned bank and the central bank’s main arm in the local market.
According to the information, one of the employees of the National Bank of Egypt took advantage of his position to know the accounts and data of clients, stole about 22 million pounds from clients’ balances, and escaped from Egypt.
The bank’s deposit portfolio at the end of May last year amounted to 2.40 trillion pounds, having increased by 40 billion pounds in two months, for the first time at the level of the banking system.
Source: Cairo 24