Credit Agricole Egypt

Key details

• Launch: 1979

Overview

Credit Agricole Egypt is Egyptian commercial banking subsidiary of Crédit Agricole French parent EPA: ACA + Crédit Agricole French parent ~63%+ controlling + Egyptian retail + institutional + foreign investors free float + one of Egypt's mid-sized private commercial banks + founded 1979 in Cairo Egypt as Egyptian American Bank EAB then Mar 2006 Crédit Agricole + Calyon acquisition + 2009 Credit Agricole Egypt rebrand [1, eg-cro].

History

1979 — Egyptian American Bank EAB founded in Cairo Egypt as Egyptian-American joint commercial bank.

Mar 2006 — Crédit Agricole French parent + Calyon investment arm acquire Egyptian American Bank consolidating into Crédit Agricole French parent Egyptian subsidiary.

2009 — Credit Agricole Egypt rebrand distinctive Egyptian-French banking consolidation.

2014 — Credit Agricole Egypt Mobile banking app launch.

Ownership & operator

Operating entity: Credit Agricole Egypt SAE (Egyptian commercial banking subsidiary of Crédit Agricole French parent).

Major shareholders: Crédit Agricole (French parent; EPA: ACA) ~63%+ controlling + Egyptian retail + institutional + foreign investors free float.

Regulators: Central Bank of Egypt CBE + ACPR French Prudential Supervision and Resolution Authority via Crédit Agricole parent.

Technical integration

Credit Agricole Egypt Mobile app (iOS + Android) + ca-egypt.com online + Credit Agricole Egypt branch network across Egypt + Credit Agricole 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: [[credit-agricole]] (Crédit Agricole; EPA: ACA; French cooperative commercial bank; one of Eurozone's largest commercial banks by market cap).

Major Egyptian banking + payments competitors: [[nbe-egypt]] (National Bank of Egypt NBE; Egypt's largest commercial bank by assets) + [[cib-egypt]] (Commercial International Bank CIB; CASE: COMI) + [[banque-misr]] (Banque Misr; Egyptian state-owned commercial bank) + [[qnb-alahli]] (QNB Al Ahli Bank Egypt; QNB Qatari parent ~95%+ controlling) + [[aaib-egypt]] (Arab African International Bank AAIB) + [[fab-egypt]] (FAB Egypt; First Abu Dhabi Bank Egyptian subsidiary) + [[alex-bank]] (AlexBank; Intesa Sanpaolo Italian parent ~80%+ controlling).

Regulators: Central Bank of Egypt CBE + ACPR French Prudential Supervision and Resolution Authority via Crédit Agricole parent.

Status

Active, Egyptian commercial banking subsidiary of Crédit Agricole French parent EPA:ACA + Crédit Agricole French parent ~63%+ controlling + Egyptian retail + institutional + foreign investors free float + one of Egypt's mid-sized private commercial banks + founded 1979 in Cairo Egypt as Egyptian American Bank EAB then Mar 2006 Crédit Agricole + Calyon acquisition + 2009 Credit Agricole Egypt rebrand [1, 2].

Sources

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

Source

Biography extracted from credit-agricole-egypt.md. See matrix.md for standards-support matrix if present.