AlexBank Bank of Alexandria

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Overview

AlexBank Bank of Alexandria is Egyptian commercial bank + Intesa Sanpaolo Italian parent BIT: ISP ~70% controlling post-Aug 2006 ~€1.6B acquisition + Egyptian National Investment Bank NIB ~17%+ + one of Egypt's largest commercial banks ^{1, Egypt report}.

History

1957 — Bank of Alexandria founded as Egyptian state-owned commercial bank.

Aug 17 2006 — Intesa Sanpaolo Italian parent acquires ~80% controlling stake in Bank of Alexandria from Egyptian government for ~€1.6B distinctive Egyptian-Italian banking strategic acquisition.

2014 — AlexBank Mobile banking app launch.

Ownership & operator

Operating entity: Bank of Alexandria AlexBank (Egyptian commercial bank; Intesa Sanpaolo Italian parent + NIB Egyptian state).

Major shareholders: Intesa Sanpaolo (BIT: ISP; Italy's largest commercial bank by assets) ~70% controlling + Egyptian National Investment Bank NIB ~17%+ + Egyptian retail + institutional + foreign investors free float.

Regulators: Central Bank of Egypt + Banca d'Italia + ECB.

Technical integration

AlexBank Mobile app (iOS + Android) + alexbank.com online + AlexBank branch network across Egypt + AlexBank Visa + Mastercard cards; EG IBAN + InstaPay + Meeza QR.

Implementations & partners

Intesa Sanpaolo parent: Intesa Sanpaolo + isybank (Intesa Sanpaolo Italy; BIT: ISP; Italy's largest commercial bank by assets).

Major Egyptian banking + payments competitors: National Bank of Egypt (NBE) (National Bank of Egypt NBE; Egyptian state-owned commercial bank; Egypt's largest commercial bank by assets) + Banque Misr (BM Online + onebank) (Banque Misr; Egyptian state-owned commercial bank; Egypt's #2 commercial bank by assets) + CIB (Commercial International Bank Egypt) (CIB Commercial International Bank Egypt; EGX: COMI + LSE: CIB; Egypt's largest private commercial bank by assets + market capitalization) + QNB AlAhli (QNB AlAhli; QNB Group Qatar parent Egyptian subsidiary; one of Egypt's largest private commercial banks) + Banque du Caire (Egypt) (Banque du Caire; Egyptian state-owned commercial bank) + FAB Egypt (FAB Egypt; First Abu Dhabi Bank UAE parent Egyptian subsidiary) + ADIB Egypt (ADIB Egypt; Abu Dhabi Islamic Bank UAE parent Egyptian subsidiary).

Regulators: Central Bank of Egypt + Banca d'Italia + ECB.

Status

Active, Egyptian commercial bank + Intesa Sanpaolo Italian parent BIT:ISP ~70% controlling post-Aug 2006 ~€1.6B acquisition + Egyptian National Investment Bank NIB ~17%+ + one of Egypt's largest commercial banks ^{1, 2}.

Sources

1 AlexBank — official
2 AlexBank — Wikipedia
^{Egypt report} In-corpus: reports/countries/EG-egypt.md

Source

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