Banque Misr says US Treasury action targets UAE branch’s US dollar correspondent access

• U.S. Treasury issued a Notice of Proposed Rulemaking to restrict U.S. dollar correspondent banking services to Banque Misr’s UAE branch.
• Proposed action remains subject to a formal comment period before any final rule is issued.
• Bank plans to engage U.S. Treasury for more information, prepare a response, pursue legal and regulatory steps within the deadline.
• Scope limited to the UAE branch, not operations in Egypt or other markets.
• UAE branch continues operating under local rules, with the bank citing a sound financial position and ongoing customer obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banque Misr SAE published the original content used to generate this news brief on August 29, 2026, and is solely responsible for the information contained therein.