The Central Bank of Egypt hosted a meeting between Governor Hassan Abdalla and Industrial and Commercial Bank of China President Liu Jun to explore avenues for joint cooperation, including the potential establishment of an ICBC presence in Egypt. Discussions covered strengthening economic, financial, and trade cooperation, and examined possible options for ICBC to enter the Egyptian market either through a branch or as a full-fledged bank. The meeting was attended by CBE senior management and representatives of the Chinese Embassy in Cairo, alongside senior officials from both banks.
Central Bank of Egypt 2025-06-03
Central Bank of Egypt discusses potential ICBC branch or bank presence and broader bilateral cooperation
The Central Bank of Egypt and the Industrial and Commercial Bank of China discussed potential cooperation, including ICBC's market entry in Egypt. Talks focused on economic, financial, and trade collaboration, with options for ICBC to establish a branch or full bank presence.