Bank of Alexandria
| Bank of Alexandria
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1957 |
| Seat | Egypt |
| management | Bruno Gamba (Managing Director) |
| Branch | Bank |
| Website |
Homepage (Arabic)
Homepage (English) |
The Bank of Alexandria is one of the largest banks in Egypt .
It ranks 61st among the top 200 companies in the country: see the list of the largest companies in Egypt .
The bank was the first Egyptian state-owned bank to be privatized and is 70.25 percent owned by the Italian bank Intesa Sanpaolo ; the Egyptian state still has a share of 20 percent.
history
In 1857, some Greek traders - based on the name - founded a forerunner of the bank to bundle the interests and needs of the Greek community in Alexandria . This bank was dissolved in 1877.
In 1864 the Anglo-Egyptian Bank , an English overseas bank , was founded , the actual forerunner. Especially when it was merged with "The Colonial Bank" (* 1836) and the "National Bank of South Africa" (* 1836) under the new owner in 1924 to form Barclays Bank (Dominion, Colonial and Overseas) . This merger was triggered by the takeover of "The Colonial Bank", since in 1918 Barclays had swallowed the "London Provincial and South Western Bank" in London.
In 1957 the Egyptian state, which had started nationalizing foreign companies in 1956 , founded the Bank of Alexandria , which took over the business of Barclays. In 1964, the Banque du Nile and the Import-Export Bank of Egypt were also taken over.
In 2006, the Egyptian government began its privatization program and ceded a majority stake in the bank.
The bank is also active outside of its home country and holds a stake in Cairo International Bank , particularly in Uganda .
Individual evidence
- ^ Company Profile for Bank of Alexandria SAE . In: in.reuters.com . Retrieved September 6, 2012.