Legislative Update on the Regulations and Licensing of Digital Banks in Egypt

In a major step towards digital transformation, the Central Bank of Egypt issued a circular on 12 July 2023 regulating the licensing, registration, and supervision of Digital Banks in Egypt. 

The Circular is issued in conformity with the CBE’s long-standing financial technology transformation and innovation agendas. It is expected to alter the Egyptian banking landscape as we know it significantly.

The contributors to this publication:
- Hossam Gramon, Partner, Head of Banking, Finance & Projects
- Karima Seyam, Senior Associate
- Aya Badr, Associate
- Yosr Allam, Junior Associate

To learn more, click on the attachment below.

1 - Attachment 1