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CBE returns to official banking hours tomorrow

Ahram Online, Wednesday 9 Feb 2011
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Egypt’s banks will start working regular hours on Thursday, the Central Bank of Egypt confirmed in a recent statement.

"The CBE has decided that branches of banks that are currently open will return to their official hours from 8.30 am to 2 pm starting Thursday, February 10th" the statement said.

Some branches will open until 5 pm, the statement adds. A total of 327 commercial banks have reopened on Sunday after a week-long closure due to political unrest.

By Tuesday the number of bank branches that were open for business increased to 723.

Worried over panicky withdrawals of cash by Egyptians fearing that access to their deposits could be restricted again, last Thursday Egypt's central bank announced it would limit cash withdrawals by individuals but allow unlimited transfers abroad when banks reopen on Sunday.

 

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