Banking Laws In Egypt

Banking industry in Egypt is one of the oldest and largest industries in the region that plays a critical role in the development process in Egypt. It has been expanded by the "Open Door Policy", adopted in the mid-seventies when foreign banks were allowed to proceed with their work in Egypt, aiming the analytical growth with an effective role for the private sector in promoting the economic performance. In order to achieve the goals of this policy, the banking law was published, stating the nature and operation of the three types of banks:

1-Commercial Banks:

A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products to serve public and business, ensuring economic and social stability and sustainable growth of the economy.