Banque Misr and the Public Prosecution Sign Cooperation Protocol to Digitize Transactions on Minors’ Accounts
Banque Misr and the Public Prosecution of Egypt have signed a cooperation protocol to digitize and automate transactions related to minors’ and legally incapacitated persons’ accounts, marking a major step forward in Egypt’s financial and judicial digital transformation.
The protocol was signed on Sunday, December 28, 2025, in the presence of Hassan Abdalla, Governor of the Central Bank of Egypt, Mohamed Shawky, Attorney General of Egypt, Amal Ammar, President of the National Council for Women, Tarek El-Khouly, Deputy Governor of the Central Bank of Egypt, Hesham Okasha, CEO of Banque Misr, along with a number of senior officials from both sides.
Secure Electronic Integration
Under the protocol, a secure electronic link will be established between Banque Misr and the Public Prosecution’s Information Center. This will enable Family Prosecution offices to electronically access minors’ and incapacitated persons’ accounts under their jurisdiction, and to approve and execute transfers from minors’ accounts to guardians’ accounts through defined, authorized access levels.
The system is fully aligned with the Central Bank of Egypt’s regulations governing online banking services and supports the state’s broader digital transformation strategy, as well as Banque Misr’s ongoing expansion of digital banking solutions.
With this step, Banque Misr becomes the first bank in Egypt’s banking sector to cooperate with the Public Prosecution in establishing an integrated digital system for managing minors’ accounts. The new mechanism replaces traditional paper-based correspondence with electronic balance inquiries, spending approvals, and fund transfers, representing an unprecedented qualitative shift in banking services.
Social and Economic Impact
The protocol takes into account the social dimension affecting families of minors, particularly easing procedures for guardians and reducing the financial and time burdens associated with repeated visits to prosecution offices and bank branches. This is especially significant given that the majority of guardians are mothers.
The new system enables the electronic disbursement of minors’ entitlements through direct transfers from the minor’s account to the guardian’s account, with the option of accessing funds via debit cards. This is expected to accelerate processing cycles, enhance operational efficiency, and strengthen transparency and governance.
Implementation of the mechanism is expected to reduce more than one million annual visits to Banque Misr branches for balance inquiries and disbursement transactions, easing branch congestion, improving customer experience, and enhancing overall service quality.
Central Bank and Judicial Perspectives
Commenting on the protocol, Hassan Abdalla, Governor of the Central Bank of Egypt, said that cooperation between the banking sector and the Public Prosecution represents a model for institutional integration that facilitates services for citizens. He noted that the protocol aligns with previous CBE instructions enabling women to open bank accounts for their minor children, supports financial inclusion objectives, and reflects the Public Prosecution’s commitment to digital development. He also praised the National Council for Women’s role in supporting and empowering women economically and socially.
For his part, Attorney General Mohamed Shawky stated that the protocol reflects the Public Prosecution’s direction toward embracing digital transformation and strengthening integration with financial institutions. He emphasized its role in supporting financial stability and protecting the rights of priority groups, particularly minors and women responsible for family affairs, while commending the Central Bank’s efforts to develop the banking sector’s digital infrastructure.
A First-of-Its-Kind Initiative
Amal Ammar, President of the National Council for Women, described the protocol as the first of its kind in Egypt’s banking sector, representing a qualitative leap in managing minors’ and incapacitated persons’ accounts through the digitization of balance inquiries, spending approvals, and electronic transfers. She highlighted its direct positive impact on the lives of thousands of women, particularly mothers and guardians.
Banque Misr’s Strategic Vision
Hesham Okasha, CEO of Banque Misr, said the protocol reflects the bank’s integrated strategic vision to act as a key national partner in supporting state institutions and advancing public service systems in line with digital transformation requirements. He added that the agreement establishes a structural shift in the management of minors’ accounts through a digital institutional model that enhances governance, oversight, and operational efficiency, while reducing risks and ensuring accuracy and speed in decision-making.
Okasha affirmed that Banque Misr remains committed to supporting Egypt’s digital transformation agenda, placing citizens at the center of its priorities, and delivering secure, innovative banking solutions that promote social justice and financial inclusion, in line with Egypt Vision 2030.
The protocol stands as a model for effective cooperation between judicial, financial, and social institutions, contributing to sustainable economic and social impact and improving the quality of life for Egyptian citizens.