List of Banks in Egypt for Your Banking Needs

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Close-up of an ancient Egyptian sarcophagus on display in a museum, showcasing intricate details.
Credit: pexels.com, Close-up of an ancient Egyptian sarcophagus on display in a museum, showcasing intricate details.

Egypt has a well-established banking system with a wide range of banks to choose from. There are over 30 banks in Egypt, offering various services to cater to different needs.

Some of the largest banks in Egypt include Commercial International Bank (CIB), National Bank of Egypt (NBE), and Banque Misr. These banks have a strong presence in the country and offer a wide range of services.

For those looking for a bank with a strong online presence, Egypt's first online bank, Arab African International Bank (AAIB), is a great option.

List of Banks in Egypt

Egypt has a total of 28 banks, with the majority being state-controlled. The National Bank of Egypt (NBE) is the largest bank in the country, with total assets of $155 billion as of 2024.

The six largest banks in Egypt by total assets are NBE, Banque Misr, Commercial International Bank (CIB), QNB Al Ahli, Arab African International Bank (AAIB), and Banque du Caire. Banque du Caire is one of the oldest and largest Egyptian banks, founded in 1952 and offering a wide range of financial services to both retail and corporate sectors.

Some of the notable banks in Egypt include Banque du Caire, with a network of 248 branches and 1640 ATMs, and CIB, which offers a range of financial services including corporate lending and international trade financing.

Top Rundown

Credit: youtube.com, ✅ The 3 Best Banks in Egypt (Full Guide) - Open Bank Account

The top banks in Egypt are a mix of state-controlled and private institutions, reflecting the country's rich heritage and growing economy. The largest banks in Egypt by total assets are NBE ($155 bn) and Banque Misr ($104 bn), followed by CIB ($27 bn), QNB Al Ahli ($20 bn), AAIB ($13 bn), and Banque du Caire ($13 bn).

NBE is the largest bank in Egypt, with total assets of $155 billion as of 2024. Banque Misr comes in second, with total assets of $104 billion.

The banking system in Egypt has undergone significant changes in recent decades, with a gradual liberalization of the sector allowing private institutions to enter and offer new financial products and services. This has led to a more diverse and sophisticated banking landscape.

Here's a list of the six largest banks in Egypt by total assets:

  1. NBE ($155 bn)
  2. Banque Misr ($104 bn)
  3. CIB ($27 bn)
  4. QNB Al Ahli ($20 bn)
  5. AAIB ($13 bn)
  6. Banque du Caire ($13 bn)

List of banks in Egypt

Arab African International Bank (AAIB) was established in 1964 as Egypt's first multinational bank. It has grown into a comprehensive regional banking institution offering products and services in retail, corporate, and investment banking.

Credit: youtube.com, National Bank of Egypt

The bank has played an important role in shaping the Egyptian economy and fostering economic growth, introducing credit cards in the market in 1982 and adopting the Equator Principles in 2009. It also expanded into the microfinance sector in 2017 to provide financial services to underserved communities.

HSBC Bank Egypt is the largest foreign bank in Egypt, with an estimated market share of around 7% and a network of 100 branches and 20 mini-bank units nationwide. It offers a comprehensive suite of banking products and services in personal, commercial, corporate, and investment banking.

United Bank of Egypt (UBE) was established in 2006 through the merger of three banks facing bankruptcy, and it now has assets of about $40 billion and 70 branches nationwide. The Central Bank of Egypt owns 99.9% of UBE's capital and has announced plans to sell its entire stake.

Banque du Caire is one of the oldest and largest Egyptian banks, founded in 1952 by a group of wealthy Jewish families. It has a network of 248 branches and 1640 ATMs serving a customer base of more than 3 million.

The National Bank of Egypt (NBE) is the largest financial institution in the country, established in 1898 with British capital. It has over $170 billion in assets, 640 branches, and offices serving nearly 19 million customers.

Credit: youtube.com, Commercial International Bank (CIB) is named Best Bank in Egypt.

QNB Alahli is Egypt's second-largest private bank, established in 1978 as NSGB Bank and acquired by Qatari multinational commercial bank QNB Group in 2013. It has assets of about $20 billion and serves 2 million clients through a network of over 200 branches and 900 ATMs.

Commercial International Bank (CIB) is Egypt's largest private lender, established in 1975 as a joint-venture between the National Bank of Egypt and Chase Manhattan Bank. It holds the title of the most profitable commercial bank in the nation for more than four decades.

The National Bank of Egypt (NBE) is one of the most popular and largest banks in the country, providing a wide range of financial services for both businesses and individuals.

These banks maintain a strong digital presence and secure platforms, ensuring smooth transactions. They offer solutions tailored to various industries.

You can easily find the right financial partner by visiting their website or checking their location address, which is listed for each bank.

Leading Service Information

Credit: youtube.com, Top 5 best banks in Egypt (not in order)

The National Bank of Egypt (NBE) is the largest financial institution in the country with over $170 billion in assets.

Commercial International Bank (CIB) is Egypt's largest private lender, established in 1975 as a joint-venture between the National Bank of Egypt and Chase Manhattan Bank.

CIB holds the title of the most profitable commercial bank in the nation for over four decades, providing banking services to individuals, institutions, and companies, including more than 500 of the country's largest corporations.

The Commercial International Bank has won numerous Global Finance recognitions, including the GW Platt Foreign Exchange Bank Award and the Best Bank in Egypt award.

The National Bank of Egypt was established in 1898 with British capital and played a pivotal role in driving Egypt's economic growth, effectively functioning as a central bank until 1951.

The National Bank of Egypt has won numerous Global Finance awards, most notably for Safest Bank in Egypt.

Credit: youtube.com, Best Corporate Banking Services in Egypt – AIB Arab International Bank

Commercial International Bank has a strong digital presence and secure platforms, ensuring smooth transactions for its customers.

The National Bank of Egypt has over 640 branches, offices, and banking units serving nearly 19 million customers.

Commercial International Bank counts among its top shareholders the National Bank of Egypt and Abu Dhabi's sovereign wealth fund ADQ.

HSBC Bank

HSBC Bank is a well-established and reputable banking institution in Egypt, having been founded in 1982.

It's the largest foreign bank in the country, with a market share of around 7%.

HSBC Bank Egypt has a network of 100 branches and 20 mini-bank units nationwide.

Its customers can access a wide range of banking products and services, including personal, commercial, corporate, and investment banking, as well as treasury and capital markets, insurance, and wealth and asset management.

HSBC Bank Egypt is a subsidiary of one of the largest and most financially stable banking groups globally.

This means its customers can rely on the expertise and strength of a world-renowned financial institution.

Over the years, HSBC Bank Egypt has received recognition from Global Finance, winning awards in the Treasury & Cash Management, Sub-Custodian, and Consumer Internet Bank categories.

Major Banks in Egypt

Credit: youtube.com, Largest banks in Egypt: AlexBank

Arab African International Bank (AAIB) is Egypt's first multinational bank, established in 1964 as a joint venture between the Central Bank of Egypt and the Kuwait Investment Authority.

It has grown into a comprehensive regional banking institution offering products and services in retail, corporate and investment banking. One of the best banks in Egypt as well as across the region, AAIB has played a significant role in shaping the Egyptian economy.

In 1982, AAIB became the first bank to introduce credit cards in the market, a move that marked a significant milestone in Egypt's financial history.

The National Bank of Egypt (NBE) is the largest financial institution in the country, with over $170 billion in assets and 640 branches.

It was established in 1898 with British capital and has a long history of driving Egypt's economic growth, effectively functioning as a central bank until 1951.

Joint Banks in Egypt

Joint banks in Egypt are a type of bank that offers a range of financial services to both Egyptian and foreign clients.

Credit: youtube.com, National Bank of Egypt I Differently Abled I 2021

These banks have a significant presence in the country, with several major players, including the National Bank of Egypt and Banque Misr.

The National Bank of Egypt is one of the largest joint banks in Egypt, with a long history dating back to 1898.

It has a wide network of branches and subsidiaries, both locally and internationally, making it a popular choice for Egyptians and foreigners alike.

Banque Misr, on the other hand, is another major joint bank in Egypt, established in 1920.

It offers a range of services, including corporate and retail banking, as well as investment and asset management.

The joint banks in Egypt are known for their innovative products and services, which cater to the diverse needs of their clients.

Some of the notable services offered by these banks include online banking, mobile banking, and ATM services.

They also provide a range of financial products, such as loans, credit cards, and investment accounts.

These services are designed to make banking convenient and accessible for all clients, regardless of their location or financial status.

The joint banks in Egypt have a strong reputation for their commitment to customer service and their efforts to promote financial inclusion in the country.

Raquel Bogisich

Writer

Raquel Bogisich is a seasoned writer with a deep understanding of financial services in the Philippines. Her work delves into the intricacies of digital banks and traditional banking systems, offering readers insightful analyses and expert opinions on the evolving landscape of financial services. Her articles on digital banks in the Philippines and banks of the country have been featured in several leading financial publications, highlighting her ability to simplify complex financial concepts for a broader audience.

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