• 21:16
  • Friday ,30 August 2013
العربية

CBE denies Brotherhood figures have accounts in banks

By Egypt Independent

Copts and Poliltical Islam

00:08

Friday ,30 August 2013

CBE denies Brotherhood figures have accounts in banks

A source from the Central Bank of Egypt (CBE) said most Brotherhood figures’ assets are being invested outside the bank and that no cash from the group members is being held at local banks. 

He also denied rumors of the bank issuing decisions or procedures to freeze Brotherhood assets.
 
Speaking on condition of anonymity, the source added that accounts of all CBE clients are safe, that the CBE legally guarantees them and that it did not order the freezing of any Egyptians’ assets.
 
The source said that news of clients' assets being frozen for three months to get out of the current crisis are only rumors.
 
“We have huge liquidity that needs to be invested after political and security instability,” the source added referring to deposits of clients at banks, which have reached around LE1.2 trillion.