Emirates NBD Egypt

Key details

• Launch: 1981

Overview

Emirates NBD Egypt is Egyptian commercial banking subsidiary of Emirates NBD Bank UAE parent DFM: EMIRATESNBD + Emirates NBD UAE parent ~100%+ controlling post-Mar 7 2013 ~$500M BNP Paribas Egypt acquisition + Emirates NBD Egypt rebrand + one of Egypt's mid-sized foreign-owned commercial banks + founded 1981 in Cairo Egypt as Banque du Caire et de Paris then 2013 Emirates NBD Egypt rebrand [1, eg-cro].

History

1981 — Banque du Caire et de Paris founded in Cairo Egypt as Egyptian-French joint commercial bank (Cairo Bank Egypt + BNP Paribas French parent joint venture).

Mar 7 2013 — Emirates NBD Bank UAE parent DFM: EMIRATESNBD acquires Banque du Caire et de Paris from BNP Paribas French parent for ~$500M consolidating into Emirates NBD Egyptian subsidiary distinctive Egyptian-UAE banking consolidation.

2013 — Emirates NBD Egypt rebrand consolidating Banque du Caire et de Paris.

2014 — Emirates NBD Egypt Mobile banking app launch.

Ownership & operator

Operating entity: Emirates NBD Egypt SAE (Egyptian commercial banking subsidiary of Emirates NBD UAE parent).

Major shareholders: Emirates NBD Bank (UAE parent; DFM: EMIRATESNBD) ~100%+ controlling.

Regulators: Central Bank of Egypt CBE + Central Bank of UAE CBUAE via Emirates NBD parent.

Technical integration

Emirates NBD Egypt Mobile app (iOS + Android) + emiratesnbd.com.eg online + Emirates NBD Egypt branch network across Egypt + Emirates NBD 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: [[emirates-nbd]] (Emirates NBD Bank; DFM: EMIRATESNBD; UAE commercial bank; one of UAE's largest commercial banks by assets; Investment Corporation of Dubai ICD UAE sovereign wealth fund ~55%+ controlling).

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) + [[qnb-alahli]] (QNB Al Ahli Bank Egypt) + [[aaib-egypt]] (Arab African International Bank AAIB) + [[hsbc-egypt]] (HSBC Egypt) + [[credit-agricole-egypt]] (Credit Agricole Egypt) + [[fab-egypt]] (FAB Egypt; First Abu Dhabi Bank Egyptian subsidiary).

Regulators: Central Bank of Egypt CBE + Central Bank of UAE CBUAE via Emirates NBD parent.

Status

Active, Egyptian commercial banking subsidiary of Emirates NBD Bank UAE parent DFM:EMIRATESNBD + Emirates NBD UAE parent ~100%+ controlling post-Mar 7 2013 ~$500M BNP Paribas Egypt acquisition + Emirates NBD Egypt rebrand + one of Egypt's mid-sized foreign-owned commercial banks + founded 1981 in Cairo Egypt as Banque du Caire et de Paris then 2013 Emirates NBD Egypt rebrand [1, 2].

Sources

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

Source

Biography extracted from emirates-nbd-egypt.md. See matrix.md for standards-support matrix if present.