Rédaction Africa Links 24 with Egypt Independent
Published on 2024-03-09 09:17:14
The Central Bank of Egypt (CBE) recently announced updated working hours for banks operating in the Egyptian market during the holy month of Ramadan. This change is expected to begin on Monday and will affect both employees and customers.
According to the statement issued by the CBE, the official working hours for employees during Ramadan will now be from 9:00 am to 2:00 pm. This is a shift from the usual timing of 8:00 am to 4:00 pm. The adjustment aims to accommodate the fasting schedules of employees during this holy month.
In addition to changes for employees, the working hours for customers will also be altered. Banks will now be open to customers from 9:30 am to 1:30 pm, instead of the previous timing of 8:30 am to 3:00 pm. This adjustment ensures that customers have enough time to conduct their banking activities while also considering the shortened working hours for employees.
The Egyptian banking sector comprises a total of 38 banks, with around 6,000 branches scattered throughout the country. These banks play a crucial role in supporting the economy and providing financial services to individuals and businesses across Egypt.
During Ramadan, a month of fasting and spiritual reflection for Muslims around the world, it is common for businesses and institutions to adjust their working hours to accommodate the unique demands of this period. The CBE’s decision to modify the working hours for banks reflects their commitment to meeting the needs of both employees and customers during this significant time.
As the holy month of Ramadan approaches, banks in Egypt are preparing to implement these new working hours in line with the CBE’s guidelines. By making these adjustments, the banking sector aims to maintain its services effectively while respecting the traditions and practices observed during Ramadan.
Overall, the Central Bank of Egypt’s announcement regarding the revised working hours for banks during Ramadan underscores the importance of flexibility and adaptation in meeting the needs of various stakeholders. As the country prepares to observe this sacred month, the banking sector is committed to ensuring smooth operations while prioritizing the well-being of its employees and customers.
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