Banque Misr has entered into a cooperation agreement with the Ministry of Foreign Affairs, Emigration, and Egyptians Expatriate Affairs, alongside the National Bank of Egypt, to take part in the “Open Your Account in Egypt” initiative. The programme, launched by the Central Bank of Egypt (CBE) in collaboration with the ministry, is designed to simplify the process of opening bank accounts for Egyptians living overseas.
The initiative aims to enable expatriates to open financial inclusion accounts through Egyptian embassies and consulates across different countries. Account holders will be able to use only a valid national ID card or passport to complete the process. Participants will also gain access to a range of banking services, such as online banking, balance inquiries, money transfers, and the ability to buy and redeem savings certificates. The move is intended to make it easier for Egyptians abroad to manage their finances securely and invest their savings back home.
Hisham Okasha, CEO of Banque Misr, said the bank’s involvement in the initiative supports the Central Bank of Egypt’s ongoing efforts to expand financial inclusion and strengthen the connection between Egyptians overseas and the domestic banking system.
He described the move as a major step that would enable expatriate Egyptians to utilise banking services remotely, made possible through cooperation with embassies and consulates around the world.
Okasha added that Banque Misr remains focused on developing innovative financial solutions that address the evolving needs of Egyptians abroad, ensuring safe and efficient management of funds and investments. He said the bank continuously works to build customer confidence in Egypt’s banking sector while maintaining communication with Egyptian communities worldwide.
He also noted that digital transformation and alignment with Egypt’s sustainable development strategy are central to the bank’s long-term goals. Banque Misr, he said, continues to play its role as a leading financial institution supporting economic growth, expanding access to banking services, and strengthening the country’s financial stability and international reputation.
