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Wallets/mashreq-egypt

Mashreq Egypt

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Key details

  • Launch: 2007

Overview

Mashreq Egypt is Egyptian commercial banking subsidiary of Mashreq Bank UAE parent DFM: MASQ + Mashreq Bank UAE parent ~100%+ controlling + one of Egypt's foreign-owned commercial banks + founded 2007 in Cairo Egypt as Mashreq Bank's Egyptian commercial banking subsidiary [1, eg-cro].

History

2007 — Mashreq Bank Egypt founded in Cairo Egypt as Mashreq Bank UAE parent DFM: MASQ's Egyptian commercial banking subsidiary distinctive Egyptian-UAE banking heritage.

2014 — Mashreq Egypt Mobile banking app launch.

Ownership & operator

Operating entity: Mashreq Bank Egypt (Egyptian commercial banking subsidiary of Mashreq Bank UAE parent).

Major shareholders: Mashreq Bank (DFM: MASQ; UAE parent) ~100%+ controlling.

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

Technical integration

Mashreq Egypt Mobile app (iOS + Android) + mashreq.com/eg online + Mashreq Bank Egypt branch network across Egypt + Mashreq 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: [[mashreq-neo]] (Mashreq Bank; DFM: MASQ; UAE commercial bank; one of UAE's oldest private commercial banks; Al-Ghurair family ~88%+ controlling).

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).

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

Status

Active, Egyptian commercial banking subsidiary of Mashreq Bank UAE parent DFM:MASB + Mashreq Bank UAE parent ~100%+ controlling + one of Egypt's foreign-owned commercial banks + founded 2007 in Cairo Egypt as Mashreq Bank's Egyptian commercial banking subsidiary [1, 2].

Sources

Source

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

source · docs/wallets/mashreq-egypt/index.md