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Banque Misr (Arabic: بنك مصر) is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960.
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]
First Abu Dhabi Bank - Misr (FAB), part of First Abu Dhabi Bank Group; Ahli United Bank - Egypt (AUB), part of Ahli United Bank Group; Faisal Islamic Bank of Egypt; Housing and Development Bank (HD-Bank), state-controlled; Al Baraka Bank of Egypt S.A.E. National Bank of Kuwait - Egypt (NBK), part of National Bank of Kuwait Group
Industrial and Commercial Bank of China (ICBC) Egypt: Banque Misr: Egypt: National Bank of Egypt: France: BNP Paribas: Germany: Deutsche Bank: Iraq: National Bank of Iraq: Iraq: Trade Bank of Iraq: Japan: MUFG Bank, Ltd. Jordan: Bank of Jordan: Kuwait: National Bank of Kuwait (NBK) Oman: Bank Muscat: Oman: Sohar International Bank Pakistan ...
Rank Bank name Total assets (2023) (US$ Billion) 1 Standard Bank Group: 169.858 2 National Bank of Egypt: 167.407 3 Banque Misr: 118.316 4 FirstRand: 93,365 5 Absa Bank
The establishment of Banque Misr, [1] the first real Egyptian bank owned by Egyptian shareholders and staffed by Egyptian nationals, where Arabic (the national language) was used in all communications, was a major step in establishing a national economic identity.
The following is a list of banks in the Arab World.The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country.
Ahli United Bank; Al Watany Bank of Egypt; Arab Bank; Arab Banking Corporation; Bank Audi; Bank of Alexandria; Bank of Nova Scotia; Banque du Caire; Banque Misr