Thursday 02/April/2026 – 02:34 PM
This was stated by Khaled Abu Bakr, the businessman’s lawyer Muhammad Al-KhashinAll account data, deposits, deposits, and safe deposit boxes of customers with Egyptian, Arab, and foreign banks enjoy full legal protection, in accordance with the provisions of the Central Bank and Banking Sector Law No. 194 of 2020.
Khaled Abu Bakr: The Central Bank law guarantees the confidentiality of customer accounts
Abu Bakr explained, in his publication, that Article 140 of the Central Bank Law explicitly stipulates that “all customer data, accounts, deposits, trusts, and safe deposit boxes in banks, as well as transactions related to them, shall be confidential, and may not be viewed or disclosed in any form except with written approval from the account holder, his heirs, legatees, or his legal agent, or based on a judicial ruling or arbitration award.”
Abu Bakr stressed that the law imposes a ban on all persons and entities, including those legally authorized to access this data, and the ban remains in effect even after the relationship between the customer and the bank ends for any reason.
Abu Bakr called on the media and the public to read the text of the law carefully to understand the truth and not be led by what he described as “false or unnecessarily raised information.”
He also stressed that the statement issued by the Central Bank of Egypt came at the right time, affirming the Egyptian banking system’s respect for the privacy and complete confidentiality of all its clients, noting that this clarification puts the dots on the letters regarding what was raised about his client.
