Dec 18 (Reuters) -
* FITCH SAYS EGYPT TAX LAW MAY WEAKEN BANKS' PROFITS,CAPITALRATIOS
* FITCH SAYS EGYPTIAN BANKS WITH A HIGH PROPORTION OFSOVEREIGNDEBT HOLDINGS WOULD BE MOST AFFECTED BY PROPOSED TAX LAW
* FITCH SAYS DO NOT EXPECT EGYPT TAX LAW TO AFFECT BANKSMATERIALLY UNTIL AT LEAST 2020, EVEN IF IT IS PASSED IN 2019
* FITCH SAYS NEW EGYPT TAX LAW COULD ENCOURAGE BANKS TOALLOCATETHEIR EXCESS LIQUIDITY AWAY FROM SOVEREIGN DEBT AND INTO GROWINGTHEIR LOAN BOOKS
* FITCH SAYS UNDER PROPOSED TAX LAW, EXPECT EGYPTIAN BANKSTOREDUCE THEIR SOVEREIGN DEBT HOLDINGS, INCREASE LENDING TOPRIVATE SECTOR
Source text for Eikon:
((Reuters.Briefs@thomsonreuters.com;))
