Standard Chartered Bank, is poised to establish a full-fledged banking operation in Egypt, instead of its current representative office set-up, after obtaining the in-principle approval from the Central Bank of Egypt (CBE). The Bank is currently proceeding in accordance with CBE's requirements and as per Banking Law 194/2020 in order to obtain the final approval for the branch's establishment.
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- Standard Chartered Receives In-Principle Approval for Its First Branch in Egypt