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Expert details Bank of Egypt branch takeover
The Central Bank of the United Arab Emirates has provisionally approved the acquisition of Bank of Egypt branches in the UAE by the National Bank of Egypt, aimed at strengthening its international banking presence outside Egypt. Experts confirmed that the acquisition process will not affect customer rights and will be conducted in an organized and smooth manner, in coordination with the Central Bank of the UAE, without interruption of services or loss of customer rights. This step is part of a regional restructuring of the banking distribution and includes the branches of Bank of Egypt in the UAE. It is considered a strategic move to enhance Egyptian banking presence in the region.
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