Standard Chartered rocks Egypt with new banking operations

Standard Chartered has officially launched its banking operations in Egypt after receiving approval from the Central Bank of Egypt. The move is in line with the bank’s commitment to promoting economic development in the country by supporting commerce, investments, and capital inflows. Standard Chartered Egypt will provide banking services to sovereign and governmental entities, major corporations, financial institutions, and multinational companies operating in Egypt. The bank aims to tap into Egypt’s economic potential and support its clients in the country and globally. Egypt is a strategic market for Standard Chartered, and the launch of its operations in the country reinforces its commitment to the Middle East and North Africa region.