Dubai - Mubasher: Mashreq Bank has introduced a new service allowing UAE-based Egyptian nationals to open accounts with Mashreq Egypt instantly and fully remotely.
The service enables customers to manage their accounts, view balances in a single interface, and transfer money in real time, all through the Mashreq UAE mobile app, according to a press release.
Meanwhile, this offering is available to Egyptian nationals who hold a NEO, Gold, or Private account with Mashreq UAE. The clients will also use the lender's Quick Remit feature to send money instantly and free of charge.
Fernando Morillo, Group Head of Retail Banking at Mashreq, said: “We are especially proud to be the first bank in the UAE to enable non-resident Egyptians to open an account in Egypt fully digitally – without the need for physical paperwork or branch visits.”
“This is a testament to our mission of reimagining banking and empowering our customers with greater convenience, speed, and value, further enhanced by our zero-fee Quick Remit service,” Morillo added.
For his part, Ghazal AlSakaal, Global Head of Digital Strategic Partnerships at Mashreq, commented: “This milestone reflects our continued focus on building a robust digital ecosystem through technology-led solutions.”
“By enabling seamless and secure cross-border account opening, we are breaking down traditional barriers in banking and delivering meaningful value to our customers,” AlSakaal noted.
He emphasized: “We believe this service will redefine how Egyptian expatriates manage their financial needs across borders.”
The launch highlights Mashreq’s ongoing commitment to promoting innovation and simplifying cross-border banking while offering greater flexibility and value to expatriates.
During 2025, the net profits after tax of Mashreq Bank decreased by 23% year-on-year (YoY) to AED 6.97 billion from AED 9.01 billion.
