Citibank’s presence in Egypt dates back to 1955 when it opened its first branch of a U.S. bank in the Middle East. Following the nationalizations of the late 50’s and 60’s, Citibank re-introduced itself in the market in 1975, through its branch in Cairo, with a license to operate in foreign currency. In 1993, Citibank Egypt received its license to operate in local currency, a major milestone, which allowed for the gradual development of a full-blown Corporate and Investment Banking business that caters to corporate customers and financial institutions, providing the full range of Global Transaction Services, Corporate Finance, Treasury, and Asset Based Finance solutions. Additionally, CitiDirect is our online internet-banking solution available to our corporate customers for transaction execution.
The United Bank is an exciting new name in the Egyptian banking and finance sector with a one billion Egyptian pounds paid in capital. It was established by the Central Bank in June 2006, as a part of its reform strategy in Egypt, the United Bank acquired three banks; the United Bank of Egypt, the Islamic International Bank for Investment and Development, and the Nile Bank.
Crédit Agricole Egypt was established in September 2006 following the successful merger of Calyon Bank Egypt, the Egyptian affiliate of Crédit Agricole Group, and the Egyptian American Bank. Cr?t Agricole Egypt is majority controlled by Credit Agricole Group (Credit Agricole S.A. and Calyon), the second largest shareholder is Mansour and Maghrabi Investment and Development (MMID), the strategic partner of Credit Agricole Egypt.
On 1982 EGB commenced its banking operations. Since that date ,EGB progressed satisfactorily and succeed in maintaing continuous growth. The bank has opened 10 branch's. The bank provides it's clients with distinguished banking services.
Citibank’s presence in Egypt dates back to 1955 when it opened its first branch of a U.S. bank in the Middle East. Following the nationalizations of the late 50’s and 60’s, Citibank re-introduced itself in the market in 1975, through its branch in Cairo, with a license to operate in foreign currency. In 1993, Citibank Egypt received its license to operate in local currency, a major milestone, which allowed for the gradual development of a full-blown Corporate and Investment Banking business that caters to corporate customers and financial institutions, providing the full range of Global Transaction Services, Corporate Finance, Treasury, and Asset Based Finance solutions. Additionally, CitiDirect is our online internet-banking solution available to our corporate customers for transaction execution.