{"id":324519,"date":"2022-01-25T10:22:05","date_gmt":"2022-01-25T10:22:05","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324519"},"modified":"2022-01-25T10:22:05","modified_gmt":"2022-01-25T10:22:05","slug":"standard-chartered-will-open-its-1st-branch-in-egypt-next-september","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/01\/25\/standard-chartered-will-open-its-1st-branch-in-egypt-next-september\/","title":{"rendered":"Standard Chartered will open its 1st branch in Egypt next September"},"content":{"rendered":"

The Central Bank of Egypt (CBE) has given preliminary approval for Standard Chartered to enter the Egyptian banking sector, CBE deputy governor Gamal Negm told state-owned Middle East News Agency<\/a> yesterday.<\/p>\n

The British bank will open its first local branch by September at the latest and plans to establish a second branch in Alexandria in 2023, Negm said.<\/p>\n

The bank has repeatedly tried in recent years to expand into the Egyptian market by acquiring local banks<\/a>. The bank\u2019s entry has not yet been confirmed by an official source. EFG Hermes\u2019 chief MENA economist Mohamed Abu Basha was on hand to provide the analysis (watch, runtime: 9:03<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Egypt (CBE) has given preliminary approval for Standard Chartered to enter the Egyptian banking sector, CBE deputy governor Gamal Negm told state-owned Middle East News Agency yesterday<\/p>\n","protected":false},"author":4,"featured_media":324520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[],"class_list":["post-324519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main"],"yoast_head":"\nStandard Chartered will open its 1st branch in Egypt next September - egy-africa<\/title>\n<meta name=\"description\" content=\"The Central Bank of Egypt (CBE) has given preliminary approval for Standard Chartered to enter the Egyptian banking sector, CBE deputy governor Gamal Negm told state-owned Middle East News Agency yesterday\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/01\/25\/standard-chartered-will-open-its-1st-branch-in-egypt-next-september\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standard Chartered will open its 1st branch in Egypt next September - 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