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Arab Finance – The Central Bank allows the opening of accounts for young people starting from 15 years old


The Central Bank allows the opening of accounts for young people starting from 15 years old

Arab FinanceThe Central Bank of Egypt gave the green light to banks operating in the local market to open bank accounts for young people within the age group starting from 15 years, instead of 16 years, without the need for guardian approval, according to for sure Issued by the bank.

The Central Bank directed banks to ensure that the banking products provided to this category are proportionate to their eligibility limits and the extent of the risks associated with them.

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