UAE Central Bank: Branches of 'Bank Misr' operating normally - Sarmad

(WAM) – The Central Bank of the United Arab Emirates and the Central Bank of Egypt have affirmed their full and continuous cooperation and coordination regarding the normal conduct of all operations by Bank Misr branches in the United Arab Emirates.

This comes in the context of monitoring the proposal issued by the U.S. Department of the Treasury concerning a regulatory requirement mandating specific measures for Bank Misr branches in the UAE.

The two banks clarified in a joint statement that Bank Misr branches in the UAE will take all necessary measures and precautions within the specified timeframe.