September 23, 2017 10:07 PM ET

Banks

Company Overview of Egyptian Arab Lank Bank

Company Overview

Egyptian Arab Lank Bank provides personal and commercial banking services in Egypt. It offers current accounts, saving accounts, certificates of deposits, short term loans, bills discounting and sales financing, long term loans, property development loans, contractors financing, guarantees, import financing and services, foreign currency buying and selling, export financing and services, and overdrafts. The company also provides international trade services, such as letters of credit, and import and export; bills for collection, and inward and outward; letters of guarantee; and transfers. In addition, it offers travel, personal, and residence guard insurance services; roadside assistance, ca...

100Queen Noor Street

Amman,  11118

Jordan

Founded in 1880

Phone:

962 5691709

Fax:

962 5650061

Key Executives for Egyptian Arab Lank Bank

Regional General Manager of Palestine
Compensation as of Fiscal Year 2017.

Egyptian Arab Lank Bank Key Developments

Egyptian Arab Land Bank and EFG Hermes Leasing Signs Joint Venture Agreement to Finance Small Businesses in Egypt

Egyptian Arab Land Bank and EFG Hermes Leasing sign a joint venture agreement to finance capital assets and equipment for small businesses in Egypt. The agreement comes in line with the government's focus on small and medium enterprises and in support of the Central Bank of Egypt's initiative to expand financing to them. The EGP 50 million agreement will provide the funding at low-interest-rate lease arrangements for small enterprises in Egypt, which are considered the backbone of the national economy and key drivers of economic growth. SMEs compose the majority of private businesses in Egypt's economy and are the key drivers of job creation. The agreement aims at capitalizing on the CBE's initiative to provide a healthy financial environment for small businesses to thrive in the current macroeconomic backdrop. A signing ceremony for the agreement was held on 15 August 2017 at EALB's Cairo headquarters, with attendees including EALB chairperson Abdel Meguid Mohy El-Din; EFG Hermes Finance chairperson Fatima Lotfy; and EALB vice chairperson Ahmed Shawky.

Similar Private Companies By Industry

Company Name Region
Al Kamalieh Housing Co. Middle East/Africa
Al Omanaa Company for Investment and Portfolio Management Middle East/Africa
Askan Trading and Finance Bank Middle East/Africa
Egyptian Arab Lank Bank Middle East/Africa
Al Rajhi Bank - Jordan Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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