Monday June 24th, 2024
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Standard Chartered Bank Officially Enters Egyptian Market

The launch aligns with Egypt's strategic objectives of fostering economic development and attracting foreign investment.

Cairo Scene

Standard Chartered Bank Officially Enters Egyptian Market

Standard Chartered Bank, a leading global financial institution headquartered in the UK, has officially launched its banking operations in Egypt. This move, following approval from the Central Bank of Egypt (CBE), signifies the bank's commitment to participating in the country's economic landscape and contributing to its growth.

The launch aligns with Egypt's strategic objectives of fostering economic development, supporting commercial activities and attracting foreign investment. This entry addresses a longstanding gap in Standard Chartered's branch network, solidifying its dedication to both Egypt and the wider MENA region

The CBE granted the bank a license to operate in November 2022, followed by the authorization for branch construction last week.

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