Regulatory Alerts2015-07-09
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Adding the activity of providing banking services to the small and medium enterprises sector to the activities carried out by small branches of banks
The Central Bank of Egypt approved the addition of providing banking services to the small and medium enterprises sector to the activities previously authorized for small branches of banks. This decision was made during the Board of Directors' meeting held on April 8, 2015, amending the regulations established on December 2, 2014. The measure aims to encourage the expansion of retail banking services and enhance financial inclusion by reaching more customers in various locations.
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