Circular dated June 12, 2017 regarding the requirements for appointing foreigners (non-Egyptians) in banks

The Central Bank of Egypt requires banks to obtain prior approval for the appointment and renewal of appointments of foreign employees, mandating the submission of a specific form and a personal statement. Banks must verify that the foreign employee's criminal record certificate is authenticated by the Ministry of Foreign Affairs and that their reference bank certificate covers the last six years.

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Dear Sir/Madam, Chairman of the Board,

Greetings,

I would like to draw your attention to the provisions of Article 43 of the Central Bank of Egypt and Monetary Authority Law No. 88 of 2003, and the instructions of the Central Bank of Egypt regarding the necessity of obtaining the approval of the Central Bank of Egypt for the appointment of foreigners (non-Egyptians) in banks, their renewal of appointment in the bank, and the submission of the attached form and a personal statement for these persons, as well as obtaining prior approval from the Central Bank of Egypt.

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Source: Central Bank of Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works