Banque Misr UAE branches to continue normal operations, central banks say
Dubai: Banque Misr’s branches in the UAE will continue to conduct all their operations normally, the UAE and Egyptian central banks said on Sunday, following a US Treasury decision concerning the lender’s UAE branches. The Central Bank of the UAE and the Central Bank of Egypt affirmed their full and continuous cooperation and coordination regarding the operations of Banque Misr’s branches in the…
Banque Misr's branches in the UAE will continue to operate as usual, according to the UAE and Egyptian central banks. The decision comes after a US Treasury ruling related to the lender's UAE branches. Both central banks affirmed their cooperation and coordination in managing the operations of Banque Misr's UAE branches. The branches will carry out all activities without interruption, following the US Treasury's decision.
No changes to UAE banking services have been reported despite evacuations and branch closures in the region.
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- UAE, Egyptian central banks say they are coordinating on Banque Misr middleeasteye.net
- Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know aljazeera.com
