The Bank of Alexandria is one of the largest banks in Egypt, with 210 branches across the country.[1] It has a market share of almost 7% and had assets of 5.2 billion euros (US$6.5 billion) as of June 30, 2006. Intesa Sanpaolo is the major shareholder in the bank. It holds 70.25% of the bank shares, IFC holds 9.75% and the Egyptian Government holds 20%. Mahmoud Abdel Salam Omar, who is a former head of the Egyptian Banks Federation, is a former Chairman of the bank.[2]
In 1857 local Greek merchants established a Bank of Alexandria to cater to the needs of the Greek merchant community. This bank was liquidated in 1877.
1957 The Egyptian government founded Bank of Alexandria to take over the Egyptian operations of Barclays Bank DCO, which the Egyptian government had nationalized in 1956 after British and French troops attacked Egypt and occupied the Suez Canal during the Suez crisis.
1964 Bank of Alexandria acquired Banque du Nile and Import-Export Bank of Egypt.
October 17, 2006 The Egyptian government privatized Bank of Alexandria. Sanpaolo IMI, the Italian bank which itself was acquired by Banca Intesa, agreed to pay $1.6 billion for 80% of Bank of Alexandria. This was the first privatization in Egypt of a fully government-owned bank.
bank, alexandria, largest, banks, egypt, with, branches, across, country, market, share, almost, assets, billion, euros, billion, june, 2006, intesa, sanpaolo, major, shareholder, bank, holds, bank, shares, holds, egyptian, government, holds, mahmoud, abdel, s. The Bank of Alexandria is one of the largest banks in Egypt with 210 branches across the country 1 It has a market share of almost 7 and had assets of 5 2 billion euros US 6 5 billion as of June 30 2006 Intesa Sanpaolo is the major shareholder in the bank It holds 70 25 of the bank shares IFC holds 9 75 and the Egyptian Government holds 20 Mahmoud Abdel Salam Omar who is a former head of the Egyptian Banks Federation is a former Chairman of the bank 2 Bank of AlexandriaNew Borg El Arab city BranchTypePrivateWebsitewww wbr alexbank wbr comFor the historic building of the same name in Alexandria Virginia U S see Bank of Alexandria Alexandria Virginia Contents 1 History 2 See also 3 References 4 External linksHistory editIn 1857 local Greek merchants established a Bank of Alexandria to cater to the needs of the Greek merchant community This bank was liquidated in 1877 1864 The English overseas bank Anglo Egyptian Bank was founded 1924 Anglo Egyptian Bank merged with The Colonial Bank est 1836 and the National Bank of South Africa est 1891 to form Barclays Bank Dominion Colonial and Overseas 3 Barclays had inherited the ownership of The Colonial Bank when it acquired the London Provincial and South Western Bank 4 in 1918 1957 The Egyptian government founded Bank of Alexandria to take over the Egyptian operations of Barclays Bank DCO which the Egyptian government had nationalized in 1956 after British and French troops attacked Egypt and occupied the Suez Canal during the Suez crisis 1964 Bank of Alexandria acquired Banque du Nile and Import Export Bank of Egypt October 17 2006 The Egyptian government privatized Bank of Alexandria Sanpaolo IMI the Italian bank which itself was acquired by Banca Intesa agreed to pay 1 6 billion for 80 of Bank of Alexandria This was the first privatization in Egypt of a fully government owned bank See also editEntrepreneurship Policies in EgyptReferences edit Company Profile for Bank of Alexandria SAE in reuters com Archived from the original on 18 January 2016 Retrieved 6 September 2012 Mahmoud Abdel Salam Omar The San Francisco Chronicle Retrieved 2020 06 26 dead link Anthony Michael 2001 Historical Dictionary of Trinidad and Tobago Scarecrow Press Inc Lanham Md and London ISBN 0 8108 3173 2 London Provincial and South Western Bank Ltd Barclays Bank PLC Retrieved 29 August 2015 External links editBank of Alexandria website Zawya Middle East Business Information Listing of Bank of Alexandria nbsp Banks portal Retrieved from https en wikipedia org w index php title Bank of Alexandria amp oldid 1124318399, wikipedia, wiki, book, books, library,
