Standard Chartered to open its first branch in Egypt later this year – The National
Standard Chartered to open its first branch in Egypt later this year – The National
British lender Standard Chartered is poised to open its first fully fledged branch in Egypt later this year after securing an in-principle approval from the Central Bank of Egypt (CBE) on September 27, 2021.
The move is a part of the London-based bank's growth strategy in Africa.
Standard Chartered is currently complying with the Egypt banking regulator's requirements, which will allow it to secure the final approval required to open the branch, it said on Thursday.
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