National Bank of Egypt (NBE), the country’s largest state bank, has received approval to open a branch in South Sudan’s capital Juba, a senior official said on Monday.
The South Sudanese branch is part of NBE’s plans to boost international operations, Yehia Aboul Fotouh, deputy chairman of NBE, told local press
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The bank also works to meet licence requirements to open a branch in Saudi Arabia, Aboul Fotouh added.
NBE currently has presence in Ethiopia, Sudan, and South Africa, the banking official said in previous statements.
