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Egypt Banks



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Banque du Caire Banque du Caire, or "Bank of Cairo", is a full service bank headquartered in Cairo. The bank operates over 120 branches in Egypt. It has branches in the United Arab Emirates and representative offices in Ukraine and in Zimbabwe, as well as affiliates or subsidiaries in Saudi Arabia, Uganda (Cairo International Bank), and Jordan (Cairo Amman Bank). Among the bank's significant subsidiaries are: Suez Steel, of which the bank owns the majority of the shares, Air Cairo, and the United Bank of Egypt, in which the bank holds a minority position. [1] The government of Egypt owns the bank, which however, it is considering privatizing.
Commercial International Bank The Commercial International Bank "CIB" was established in 1975 as a joint venture between the National Bank of Egypt (NBE) (51%) and the Chase Manhattan Bank (49%) under its original name "Chase National Bank of Egypt". Following Chase's decision to divest its equity stake in 1987, National Bank of Egypt increased its shareholding to 99.9%, and the Bank changed its name to Commercial International Bank (Egypt) S.A.E. During 1993, as part of its privatization strategy, CIB successfully launched a public share issue resulting in a decrease of the major shareholder's stake to 43%, while CIB and NBE employees became the owners of 16% of the Bank's capital in a parallel employee ownership plan. The remaining 41% was sold to over 14,000 Egyptian, Arab and multinational investors, including the International Finance Corporation. In July 1996, National Bank of Egypt (NBE), CIB's principal shareholder, sold an additional 20% equity stake in CIB's capital through a Global Depository Receipts (GDR) offering listed on the London Stock Exchange. This was the first such offering by an Egyptian company and has proven to be a great success representing the highest level of subscription of any Middle East international equity offer to date, raising over $120 million. In 1999, CIB launched its Retail Banking activity offering a wide range of products and services aiming at diversifying CIB income mix, and capitalizing on CIB strong corporate base. CIB then started an ambitious 4-year plan to centralize the bank (investing in the future). The IT conversion was finalized early in 2003 and the bank became fully centralized. In 2003, CIB signed a contract with IFC whereby IFC would offer consultancy in developing the SMEs business. Also, CIB has upgraded its risk management in anticipation of Basle-II. Capital has been belayed by a stock 1:1 stock dividend which doubled CIB Paid-in Capital to EGP 1,300 MM (up from EGP 650 MM). Over the last few years, CIB added Commercial International Life Insurance (CIL), CONTACT Car Trading Company, and CorpLease for Financial Leasing to its affiliates. CIB now stands at a 5% market share in loans (public banks included), with plans for increasing this share to 10%, cross-border expansion, stock listing and regional presence. CIB remains to be focused on human capital acquisition and retention, core corporate culture and values, and integrating its synergies as Egypt's leading financial service conglomerate offering premier quality to its customers while maximizing shareholders' value.
HSBC Bank Egypt HSBC Bank Egypt SAE is a multinational bank in Egypt, providing a wide range of banking and related financial services through a network of 43 branches and 17 mini bank units in Cairo, Alexandria, Sharm El Sheikh, Hurghada, Borg El Arab and 6th of October City. HSBC Bank Egypt was established in 1982 as Hongkong Egyptian Bank with 40% HSBC ownership. In January 1994, the bank was renamed Egyptian British Bank under the same shareholding structure. The bank was rebranded HSBC Bank Egypt in April 2001 following an increase in shareholding by the HSBC Group's from 40% to 94.5%.of its issued share capital. In 2001, 2003 and 2005, the The Banker magazine named it 'The Bank of the Year' in Egypt.
National Bank of Egypt National Bank of Egypt (NBE) is the oldest and largest bank in Egypt, and has 401 branches within the country. It has assets of L.E. 185.3 bn., total deposits of L.E. 155.2 bn., and total loans and advances of L.E. 83 bn. It has a subsidiary in London - National Bank of Egypt (UK), a branch in New York, and representative offices in Johannesburg, Shanghai, and Dubai. in 2006 NBE accounted for 24.6% of the banking system’s total assets, 27.3% of total deposits and 26.2% of total loans and advances. In addition, NBE financed 24% of Egypt’s foreign trade during the year. NBE also accounts for 74% of the credit card market and 40% of the debit cards in Egypt. According to the July 2007 issue of the Banker, in terms of total assets, NBE ranks 243rd among the top 1000 world banks and ranks 3rd among the Arab banks.
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Above may be not an exhaustive list of banks in this country. Also, the information might be outdated or wrong.

Some of the information placed above may have been taken from:
Wikipedia
www.quazell.com/bank
www.business.com
www.yemensites.com
www.hivietnam.biz
www.banks.az
mbendi.co.za

Information from Wikipedia is available under the terms of the GNU Free Documentation License.





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