Central bank to set up consumer protection unit

The central bank will set up a new unit for consumer protection to handle complaints from folks who transact with the banking system, Al Mal reports. The details of the unit and its scope of work are yet to be announced, Sub-Governor for Risk Management and Banking Supervision Tarek El Kholy said. He added that, with only a third of adults having bank accounts in Egypt, the central bank remains committed to promote financial inclusion.