Central Bank of UAE approves NBE's acquisition of Banque Misr UAE branches
The UAE central bank has issued preliminary approval for a request by the National Bank of Egypt (NBE) to acquire Banque Misr's branches in the country
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The UAE central bank has issued preliminary approval for the National Bank of Egypt (NBE) to acquire Banque Misr's branches in the country, the two Egyptian banks said on Tuesday. The restructuring will ensure business continuity and protect customer rights, following a Central Bank of the UAE-ordered examination of Banque Misr's UAE operations in August. Banque Misr and NBE said the move reflects their shared commitment to an orderly transition, business continuity, and full protection of customers.
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Reported by: Khaleej Times 22 Sept 2026 Read the original ↗ More from Khaleej Times →
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Khaleej Times (UAE).
When was it announced?
22 Sept 2026.
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Read the original at Khaleej Times: https://www.khaleejtimes.com/uae/national-bank-of-egypt-take-over-banque-misr-uae-branches-central-bank
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