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National Bank of Egypt acquires Bank Egypt UAE branches
Egyptian Bank and National Bank of Egypt announced a preliminary agreement to reorganize their banking presence in the United Arab Emirates, with the aim of integrated services and a smooth, organized transition of operations. This move is part of their efforts to keep pace with developments in external markets and to ensure continuous customer service, while adhering to the legal and regulatory requirements in the UAE. The two banks aim to build long-term relationships with Emirati institutions while safeguarding customers' rights during the transition process.
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