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Bank of Egypt comments on US US measures in UAE
Misr Bank reaffirmed its full commitment to laws, regulations, and guidelines following the U.S. Treasury Department's announcement of a measure that restricts dollar banking messaging services for its branch in the UAE. The bank clarified that this measure applies only to the branch outside of Egypt and does not impact its domestic operations. It is currently reviewing the situation and is committed to maintaining its services to customers normally, while also strengthening cooperation with U.S. regulatory authorities to take the necessary legal actions. This step is part of the oversight of financial institutions and includes the allowed period for receiving feedback before a final decision is made.
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