The initiative, launched by the Central Bank of Egypt in cooperation with the Ministry of Foreign Affairs, Emigration and Expatriates, aims to facilitate banking services for Egyptians living abroad

As part of its leading national role and continued commitment to supporting the efforts of the Egyptian state and the Central Bank of Egypt to serve Egyptians abroad, Banque Misr has signed a cooperation protocol to participate in the “Update Your Data in Egypt” initiative.

The Central Bank of Egypt launched the initiative in cooperation with the Ministry of Foreign Affairs, Emigration and Expatriates during the seventh edition of the Egyptians Abroad Conference. It aims to provide Egyptians living overseas with easier access to banking services through secure, convenient and innovative solutions.

Mr. Tarek El Kholy, Deputy Governor of the Central Bank of Egypt, attended the signing ceremony. The protocol was signed by Ambassador Nabil Habashi, Deputy Minister of Foreign Affairs; Mr. Hisham Okasha, Chief Executive Officer of Banque Misr; and Mr. Mohamed El Etreby, Chief Executive Officer of the National Bank of Egypt.

The protocol will provide Banque Misr customers residing abroad with simplified procedures for updating their personal data through Egyptian embassies and consulates. This will enable customers to continue accessing the Bank’s banking services efficiently and conveniently while living outside Egypt.

The initiative’s first phase will cover 67 countries, reflecting Banque Misr’s commitment to strengthening its engagement with Egyptians abroad and supporting the country’s sustainable economic development efforts.

The signing of the protocol reaffirms Banque Misr’s leading national role in supporting Egypt’s priorities and its continued efforts to develop innovative banking solutions that keep pace with technological advancements. It will facilitate access to banking services for Egyptians abroad, promote financial inclusion, support the State’s digital transformation agenda and provide a seamless banking experience that strengthens the connection between Egyptians living overseas and their home country.

Mr. Hisham Okasha, Chief Executive Officer of Banque Misr, said: “The signing of this protocol reflects Banque Misr’s national role as a strategic partner in supporting Egypt’s economic development. It also underscores our commitment to supporting the efforts of the Egyptian state and the Central Bank of Egypt to promote financial inclusion and facilitate access to banking services for Egyptians abroad through secure and innovative solutions.

“Through this initiative, customers will be able to update their personal data without the need to travel to Egypt, in cooperation with Egyptian embassies and consulates in several countries. This is fully aligned with Egypt’s vision for digital transformation and its efforts to deliver more accessible and efficient public and financial services.”

Mr. Okasha added: “The initiative represents an important step toward strengthening the relationship between Egyptians abroad and Egypt’s banking sector by providing more convenient and flexible banking services. It will also support sustained engagement with Egyptians around the world. Continuing to develop digital banking services and supporting the State’s objectives for digital transformation and sustainable development remain key pillars of Banque Misr’s strategy.”

Banque Misr continues to play its role as a leading national institution committed to providing banking solutions that support economic growth and contribute to integrating all segments of society into the formal banking system. Through these efforts, the Bank supports financial stability and contributes to strengthening the position of the Egyptian economy regionally and internationally.