Arab Bank Egypt

Key details

• Launch: 1944

Overview

Arab Bank Egypt is Egyptian commercial banking subsidiary of Arab Bank Jordanian parent ASE: ARBK + Arab Bank Jordanian parent ~100%+ controlling + one of Egypt's foreign-owned commercial banks + founded 1944 in Cairo Egypt as Arab Bank's Egyptian commercial banking subsidiary [1, eg-cro].

History

1944 — Arab Bank Egypt founded in Cairo Egypt as Arab Bank Jordanian parent ASE: ARBK's Egyptian commercial banking subsidiary distinctive Egyptian-Jordanian pan-Arab banking heritage.

2014 — Arab Bank Egypt Mobile banking app launch.

Ownership & operator

Operating entity: Arab Bank Egypt SAE (Egyptian commercial banking subsidiary of Arab Bank Jordanian parent).

Major shareholders: Arab Bank (ASE: ARBK; Jordanian parent) ~100%+ controlling.

Regulators: Central Bank of Egypt CBE + Central Bank of Jordan CBJ via Arab Bank parent.

Technical integration

Arab Bank Egypt Mobile app (iOS + Android) + arabbank.com.eg online + Arab Bank Egypt branch network across Egypt + Arab Bank Visa + Mastercard + Meeza Egyptian national card scheme; Meeza national card scheme + Meeza QR (Egyptian national QR payment scheme) + Egyptian Pound EGP domestic transfers.

Implementations & partners

Parent group: [[arab-bank]] (Arab Bank; ASE: ARBK; Jordanian commercial bank; one of Middle East's oldest + largest commercial banks; founded May 21 1930 in Jerusalem by Abdul Hameed Shoman; ~600+ branches across 28+ countries).

Major Egyptian banking + payments competitors: [[nbe-egypt]] (National Bank of Egypt NBE) + [[cib-egypt]] (Commercial International Bank CIB; CASE: COMI) + [[banque-misr]] (Banque Misr) + [[qnb-alahli]] (QNB Al Ahli Bank Egypt) + [[aaib-egypt]] (Arab African International Bank AAIB) + [[hsbc-egypt]] (HSBC Egypt) + [[fab-egypt]] (FAB Egypt) + [[emirates-nbd-egypt]] (Emirates NBD Egypt) + [[mashreq-egypt]] (Mashreq Egypt).

Regulators: Central Bank of Egypt CBE + Central Bank of Jordan CBJ via Arab Bank parent.

Status

Active, Egyptian commercial banking subsidiary of Arab Bank Jordanian parent ASE:ARBK + Arab Bank Jordanian parent ~100%+ controlling + one of Egypt's foreign-owned commercial banks + founded 1944 in Cairo Egypt as Arab Bank's Egyptian commercial banking subsidiary [1, 2].

Sources

• 1 Arab Bank EG — official
• 2 Arab Bank — Wikipedia
• eg-cro In-corpus: reports/countries/EG-egypt.md

Source

Biography extracted from arab-bank-egypt.md. See matrix.md for standards-support matrix if present.