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, Egypt report}.

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 (Arabi Mobile) (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: National Bank of Egypt (NBE) (National Bank of Egypt NBE) + CIB (Commercial International Bank Egypt) (Commercial International Bank CIB; CASE: COMI) + Banque Misr (BM Online + onebank) (Banque Misr) + QNB AlAhli (QNB Al Ahli Bank Egypt) + Arab African International Bank (AAIB) (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
• ^{Egypt report} In-corpus: reports/countries/EG-egypt.md

Source

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