Egypts Banque Misr to launch its first Riyadh branch by end year: Banks head

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Head of Egypt's Banque Misr is hoping to launch the bank’s first branch in Riyadh by the end of this year, he said in an interview with Al-Arabiya.

Mohamed El-Etreby said that talks are taking place regarding the organisation of work of Saudi Arabia’s branch.

El-Etreby noted that he expects Banque Misr to obtain a digital bank license by the first quarter of 2022, stressing the bank’s vision towards financial technology and digital banks.

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