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Home News National Bank of Egypt to Acquire Banque Misr's UAE Branches

National Bank of Egypt to Acquire Banque Misr's UAE Branches

Sep 22, 2026
48 min
2
Sep 22, 2026 16:31
National Bank of Egypt to acquire Banque Misr’s UAE branches

## Major Banking Deal Announced

The National Bank of Egypt (NBE) is set to acquire the UAE branches of Banque Misr. This significant cross-border banking transaction is part of a preliminary agreement aimed at reorganizing the banks' operations in the UAE. The deal is contingent upon receiving the necessary approvals from the Central Bank of the UAE.

## Strategic Restructuring

Both banks are reassessing their international operations in response to evolving global banking markets. The restructuring will adhere to UAE's legal and regulatory standards, ensuring a smooth transition of operations. The banks have assured that customer services will remain uninterrupted during this period.

## Commitment to Customers

Banque Misr has expressed gratitude to the UAE's Central Bank and other authorities for their support. The National Bank of Egypt is eager to establish a long-term relationship with UAE's banking institutions. Both banks emphasize that the transfer will be conducted in coordination with relevant authorities, safeguarding the interests of customers and stakeholders.

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