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National Bank of Egypt (NBE; Arabic: البنك الأهلي المصري) is a bank founded in Egypt in June 1898, [1] and is the country's largest bank (2013) in terms of assets, deposits, loans, bank-capital, number of total branches, and employees.
Meeza (Arabic: ميزة, lit. 'Feature') is an Egyptian electronic payment systems provider for domestic transactions within Egypt.It is supported by the Egyptian government [1] [2] [3] and is regulated by the Egyptian Central Bank and the national Egyptian Banks Company (EBC).
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The National Bank of Egypt's share continued to decline through several public offerings, to reach 18.7%. In 2006, a consortium led by Ripplewood Holdings acquired the share of the National Bank of Egypt. In July 2009, Actis purchased a 9.1% stake in Commercial International Bank, thus becoming the largest single shareholder in the bank's ...
Bank of Nova Scotia sold to Arab African International Bank. [3] National ICICI Bank Egypt sold to Qatar National Bank Al Ahli. BNP Paribas Egypt sold to Emirates NBD. [4] Piraeus Bank Egypt sold to Al Ahli Bank Of Kuwait. [5] Crystal Jmaad Global Bank; Bank Audi Sold to First Abu Dhabi Bank. KB Kookmin Bank Egypt sold to Mashreq Bank.
The "123" network links more than 30 Egyptian Banks supporting more than 1500 ATMs distributed all over Egypt. This network provides the banks' clients with direct access to their different accounts at any time and from anywhere through the ATMs carrying the "123" logo.
In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
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 ...