Standard Chartered officially launches operations in Egypt

RIYADH: Egyptian companies and financial institutions can anticipate enhanced access to financing with the entry of Standard Chartered to the North African country,

The British multinational bank announced the official opening of its operations on Jan. 30, after receiving final approval from Central Bank of Egypt, according to a press release.

As per the announcement, this move aligns with Standard Chartered’s dedication to foster Egypt’s economic development through the promotion of commerce, facilitation of investments, and directing capital inflows.