Bank of Alexandria

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For the historic building of the same name in Alexandria, Virginia, U.S., see Bank of Alexandria (Alexandria, Virginia).

The Bank of Alexandria is one of the largest banks in Egypt, with 210 branches across the country.[1] It has a market share of almost 7% and had assets of 5.2 billion euros (US$6.5 billion) as of June 30, 2006. Intesa Sanpaolo is the major shareholder in the bank. It holds 70.25% of the bank shares, IFC holds 9.75% and the Egyptian Government holds 20%. Mahmoud Abdel Salam Omar, who is a former head of the Egyptian Banks Federation, is a former Chairman of the bank.[2]

History[edit]

  • In 1857 local Greek merchants established a Bank of Alexandria to cater to the needs of the Greek merchant community. This bank was liquidated in 1877.

External links[edit]

References[edit]

  1. ^ "Company Profile for Bank of Alexandria SAE". in.reuters.com. Retrieved 6 September 2012. 
  2. ^ "Mahmoud Abdel Salam Omar". The San Francisco Chronicle. [dead link]