2012-05-10

Added 2024-09-20 · Updated 2026-08-16

Guiding controls for approving requests to open new bank branches/agencies

The Central Bank of Egypt mandates that banks submit applications for new branches exclusively in September for the following fiscal year, with responses due in December. Approval requires meeting quantitative capital thresholds of 20 million EGP per branch and passing qualitative assessments of risk management, internal controls, and business plans. Banks must demonstrate the availability of human resources, economic feasibility studies, and a strategy to serve underserved areas outside Cairo and Alexandria.

Egypt

Central Bank of Egypt

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