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, Egypt report}.

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: Crédit Agricole Ma Banque (Crédit Agricole; EPA: ACA; French cooperative commercial bank; one of Eurozone's largest commercial banks by market cap).

Major Egyptian banking + payments competitors: National Bank of Egypt (NBE) (National Bank of Egypt NBE; Egypt's largest commercial bank by assets) + CIB (Commercial International Bank Egypt) (Commercial International Bank CIB; CASE: COMI) + Banque Misr (BM Online + onebank) (Banque Misr; Egyptian state-owned commercial bank) + QNB AlAhli (QNB Al Ahli Bank Egypt; QNB Qatari parent ~95%+ controlling) + Arab African International Bank (AAIB) (Arab African International Bank AAIB) + FAB Egypt (FAB Egypt; First Abu Dhabi Bank Egyptian subsidiary) + AlexBank Bank of Alexandria (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
• ^{Egypt report} In-corpus: reports/countries/EG-egypt.md

Source

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