Rafidain Bank Moves Headquarters To NBE’s Branch In Faisal

Rafidain Bank has moved its headquarters located in Tahrir Street in Dokki to the National Bank of Egypt’s (NBE) branch in Faisal Street.

Sources said the first floor of NBE has been allocated to Rafidain Bank after the unrest occurred at the bank during the disbursement of yellow remittances as well as the turmoil in the Downtown area.

It is worth mentioning that the Iraqi government transferred US$ 408 million (EGP 2.5 billion), the value of yellow remittances owed by Iraq to 670,000 Egyptian workers who left the country in the 1990s during the Gulf war, to four banks which are Rafidain Bank, NBE, Alex Bank and Arab African International Bank.