2018-04-29

Circular dated April 12, 2018 regarding Arab Financial Inclusion Day

In anticipation of the upcoming Arab Financial Inclusion Day, the letter proposes extending the related activities for two weeks starting in mid-April 2018. During this period, banks are encouraged to waive fees and minimum balance requirements for new customer accounts and reduce annual account fees by at least 50%. Banks are also allowed to promote their products outside their branches, especially in remote and marginalized areas, and are asked to coordinate with the Banking Institute to promote financial education initiatives.

Egypt

Central Bank of Egypt

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