2017-04-12

Circular dated April 6, 2017 regarding the Arab Financial Inclusion Week

The letter, dated April 6, 2017, is addressed to the Chairman of the Board of Directors and discusses efforts to promote financial inclusion in Egypt. It mentions the establishment of a central department within the Central Bank of Egypt to improve financial inclusion and requests the participation of all banks in the banking sector, especially regarding data collection. The letter outlines proposed activities by banks from April 27, 2017, for a week, including allowing banks to operate outside their branches and offering suitable banking products to underserved segments. It also emphasizes the importance of customer protection and financial literacy in enhancing financial inclusion.

Tags
monetary
consumer
advisory