Egypt’s Banque Misr to launch its first Riyadh branch by the end of 2021

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.