June 21, 2018 9:32 AM ET

Banks

Company Overview of Bank of Alexandria (S.A.E)

Company Overview

Bank of Alexandria (S.A.E) provides retail, corporate, and investment banking services in the Arab Republic of Egypt. The company offers current and savings accounts, deposits, overdraft accounts, loans, credit facilities, financial derivatives, credit cards, and personal and mortgage loans. It also provides companies’ mergers, investments purchase, company restructuring financing, and financial instruments, as well as treasury management services. As of December 31, 2016, Bank of Alexandria (S.A.E) operated through 210 branches and banking units. The company was founded in 1957 and is headquartered in Cairo, Egypt. Bank of Alexandria (S.A.E) is a subsidiary of Intesa Sanpaolo S.P.A.

49, Kasr El Nil Street

Cairo,  

Egypt

Founded in 1957

4,718 Employees

Key Executives for Bank of Alexandria (S.A.E)

Chief Executive Officer, Managing Director and Executive Director
Chief Financial Officer
Chief Internal Auditor
Head of Economic Research
Head of Workout
Compensation as of Fiscal Year 2017.

Bank of Alexandria (S.A.E) Key Developments

Government To Sell Stake In State-Owned Companies

The Government of Egypt plans to float some state-owned companies on the Egyptian Stock Sxchange is expected to add LE 10 billion to state coffers in the new fiscal year 2018/19, preliminary financial statement for the 2018/19 budget shows. Egypt selected 23 state companies last month for the first phase of the state IPO program. A Finance Ministry statement said that market value of the soon-to-be-listed companies’ stands at LE 430 billion, adding that the government intends to float about 15-30% of the companies on the EGX. Prime Minister Sherif Ismail said last week that the government’s IPO program aims to invigorate the stock market and provide financing to the companies so that they can expand. The first phase of the program will include five companies in the petroleum sector, including Engineering for the Petroleum & Process Industries, Assiut Oil Refining Company and Alexandria Mineral Oils Company (CASE:AMOC), six companies in the petrochemicals sector, including Sidi Kerir Petrochemicals Co. (CASE:SKPC) and The Egyptian Ethylene And Derivatives Company and three companies in the logistics sector. As for financial services, the listing will include the Housing and Development Bank SAE (CASE:HDBK), Bank of Alexandria (S.A.E.), Banque Du Caire S.A.E., e-finance and Misr Insurance companies, according to the statement. The real estate sector will have two companies listed, while the customer services and Industry sectors will each have one company listed.

ALEXBANK Appoints Omar Elsayeh as Non-Executive Chairman

The Board of Directors of ALEXBANK has approved the appointment of Mr. Omar ElSayeh as ALEXBANK's Non- Executive Chairman. Mr. ElSayeh has over 40 years of experience in banking, finance, marketing, research and consultancy. During this period, he established and managed a number of private companies and worked for more than 26 years in the banking sector. Before joining ALEXBANK, Mr. ElSayeh had been Non-Executive Chairman at Barclays Bank Egypt from 2007 to 2013 where, besides his responsibilities as Chairman of the Board, he was directly involved in the bank's corporate social responsibility and sustainability fields. Mr. ElSayeh was a member of various committees and associations, including the Economic Committee of the National Specialized Councils. He was also a member of the British Egyptian Business Association and the American Chamber of Commerce. Mr. ElSayeh served also as elected member of the Federation of Egyptian Banks representing the foreign banks.

Similar Private Companies By Industry

Company Name Region
Arab African International Bank Middle East/Africa
Arab International Bank Middle East/Africa
Arab Investment Bank Middle East/Africa
Banque Misr (S.A.E.) Middle East/Africa
Egyptian Arab Land Bank Middle East/Africa

Recent Private Companies Transactions

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