# Egypt’s second-largest bank Banque Misr hit by US sanctions: What to know

https://mins.news/en/item/37602

- Al Jazeera, 2026-08-30 13:23 UTC
- Economy
- Original: https://www.aljazeera.com/news/2026/8/30/banque-misr-egypts-second-largest-hit-by-us-sanctions-what-to-know?traffic_source=rss

> The US Treasury says it will cut Banque Misr UAE off from the US financial system, accusing the bank of doing business with Iran. The proposed measure would bar only its UAE branches from dollar transactions with US correspondent banks and is expected to take effect 30 days after public comments. Banque Misr is reviewing the notice, while Egypt’s central bank says other operations will not be affected.

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