Wallets/fab-egypt
FAB Egypt
0 standards supported
Key details
- Users: 14M customers
Overview
FAB Egypt is FAB UAE parent ~94% controlling post-2021 Bank Audi Egypt acquisition + Apr 2021 EFG Hermes investment bank acquisition + EGX: FAEG + Egyptian commercial bank 1, Egypt report.
History
2006 — Bank Audi Egypt founded distinctive Egyptian commercial banking heritage.
Apr 2021 — FAB UAE acquires Bank Audi Egypt + rebrands to FAB Egypt + EFG Hermes investment bank ~51% controlling acquisition distinctive UAE-Egyptian banking acquisition.
2014 — FAB Mobile Egypt mobile banking app launch.
Ownership & operator
Operating entity: First Abu Dhabi Bank Egypt (EGX: FAEG; FAB UAE parent ~94% controlling).
Major shareholders: First Abu Dhabi Bank FAB UAE (ADX: FAB; UAE's #1 bank by assets) ~94% controlling + Egyptian retail + institutional + foreign investors.
Regulators: CBE (Central Bank of Egypt).
Technical integration
FAB Mobile Egypt mobile banking app (iOS + Android) + bankfab.com/en-eg online + FAB Egypt branch network + FAB Egypt Visa + Mastercard + Meeza cards; InstaPay (IPN) + Meeza.
Implementations & partners
FAB Group: First Abu Dhabi Bank (FAB) (First Abu Dhabi Bank FAB; ADX: FAB; UAE's #1 bank by assets; ~14M customers; FAB Egypt parent post-2021 Bank Audi Egypt acquisition).
Major Egyptian banking competitors: National Bank of Egypt (NBE) (National Bank of Egypt; Egypt's largest state-owned bank by assets) + CIB (Commercial International Bank Egypt) (CIB Egypt; Egypt's largest private bank by market cap) + QNB AlAhli (QNB Alahli Egypt; QNB Group Qatari parent ~99% controlling) + Banque Misr (BM Online + onebank) (Banque Misr; Egyptian state-owned bank since 1920) + ADIB Egypt (ADIB Egypt; ADIB UAE parent ~52.6% controlling) + Banque du Caire (Egypt) (Banque du Caire; Banque Misr ~99.9% controlling) + HSBC Egypt (HSBC Egypt).
Regulator: CBE.
Status
Active, FAB UAE parent ~94% controlling post-2021 Bank Audi Egypt acquisition + EGX:FAEG + Egyptian commercial bank 1, 2.
Sources
- 1 FAB Egypt — official
- 2 Bank Audi — Wikipedia
- Egypt report In-corpus:
reports/countries/EG-egypt.md
Source
Biography extracted from fab-egypt.md. See matrix.md for standards-support matrix if present.