Regulatory Alerts2025-09-01
Added · Updated
A periodic book on September 1, 2025 on the controls of the banking services units
The Central Bank of Egypt permits banks to open banking service presence units outside their branches, excluding them from core capital allocation requirements for branch openings. The decision defines three unit types—mobile, fixed, and temporary—each with specific allowed services, such as cash operations via ATMs for mobile units and prohibitions on cash transactions for temporary units. Banks must submit annual plans by February, notify the banking affairs sector one month prior to operations, and adhere to staffing, security, and duration limits, including a maximum three-month stay for temporary units without prior approval.