Regulatory Alerts2024-11-10
Added · Updated
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.