Tarek Amer, Governor of the Central Bank of Egypt, said that banks operating in the Egyptian banking sector are the safety valve for the economy and the engine of development, explaining that the banking sector is primarily responsible for development in the past years and has succeeded in maintaining monetary and financial stability.
This came during a speech by the Governor of the Central Bank of Egypt during the opening of the activities of the Arab Banking Conference for the year 2022 held by the Union of Arab Banks under the title “The Repercussions of the International Crisis and Its Impact on the Economic Conditions in the Arab Region”, where he said that banks play a large, complex and growing role that affects the lives of individuals in the Arab world. All aspects, from daily and commercial transactions, investment and international transactions, management of international trade and implementation of trade operations efficiently and quickly, in addition to working in the sectors of international and local markets and international transaction rooms, in addition to the expansion of electronic and digital payment systems and infrastructure financing, noting that banks have become a pride of the Egyptian and Arab economy.
