Bank of Alexandria

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The Bank of Alexandria is one of the largest banks in Egypt.

Among the Top 200 companies in the country, it ranks 61: see list of the biggest companies in Egypt.

The Bank was the first bank in the Egyptian state-owned, which was privatized and is located at 70.25 percent owned by the Italian bank Intesa Sanpaolo; the Egyptian state still has a share of 20 percent.

History

1857 founded some Greek merchants - based on the name - a forerunner of the Bank to the interests and needs of the Greek community in Alexandria to join. This bank was dissolved in 1877.

Was founded in 1864 with the Anglo - Egyptian Bank, a British overseas bank, the actual precursor. Especially as this with "The Colonial Bank " (* 1836) and the " National Bank of South Africa" ​​(* 1836) under the new ownership in 1924 Barclays Bank ( Dominion, Colonial and Overseas) was summarized. Triggered, this merger by the acquisition of " The Colonial Bank" been since 1918 Barclays had swallowed the " London Provincial and South Western Bank " in London.

In 1957, the Egyptian state, which had begun in 1956 to nationalize foreign companies, the Bank of Alexandria, which took over the business of Barclays. In 1964, the Banque du Nile and the Import-Export Bank of Egypt continued to be taken.

2006, the Egyptian government began its privatization program and stepped majority shares from the bank.

The Bank is also active outside their home country and in particular in Uganda holds a share of the Cairo International Bank.