Egypt’s Banking Law Sets Licensing Framework for Foreign Bank Branches

Egypt’s Central Bank and Banking System Law sets out a framework for obtaining a licence to establish a branch of a foreign bank in the country.

Issued under Law No. 194 of 2020, the legislation governs the licensing process for foreign banks seeking to open a local branch.

The provisions place the establishment of such branches within Egypt’s banking regulatory framework, requiring foreign banks to follow the legal licensing procedures.

The supplied summary does not detail the specific eligibility conditions, required documents or steps for securing approval. It identifies the law as the basis for the licensing requirements.