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Misr Bank explains UAE branch stance on US rules
Bank Misr has reaffirmed its commitment to all applicable laws and regulatory regulations related to the U.S. procedure that restricts banking messaging services for its branch in the United Arab Emirates using the dollar. This comes within the framework of respecting the regulatory environment and cooperating with the relevant authorities. The bank clarified that this measure is limited to the UAE branch and does not affect the bank’s branches in Egypt or other countries. The branch continues to provide services to customers in accordance with applicable laws, emphasizing its strong financial position and commitment to protecting customer rights. It is worth noting that the bank is thoroughly reviewing the procedures and is in contact with the relevant authorities to take the necessary legal and regulatory steps.
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