|
Products Services | Bank ABC in Egypt provides a wide range of quality retail products covering a full product mix that suits different individual needs. The portfolio of products include credit cards, Visa Electron, Personal Loans, Car Loans and all types of deposits like current accounts, saving accounts, time deposits and saving certificates.
Also the bank provide our corporate clients with a wide range of products and services designed to satisfy their need efficiently and effectively through provide solutions for projects financing, debt restructuring, syndications, acquisition financing and investment services in addition to treasury solutions.
Bank ABC in Egypt provides a comprehensive services regarding the following business sectors importing, exporting, trading, communications and consultancy services to maintain our clients capabilities in competition within market. |
|
History | Bank ABC ( Arab Banking Corporation ) in Egypt has been established on 21 August 1982 according to provisions of investment law and its amendments as an investment and business bank under the name of Egypt Arab African Bank (S.A.E) the name of the bank has been amended to become Arab Banking Corporation – Egypt (S.A.E) in the course of the amendments introduced to the articles of association of the bank promulgated by the ministerial decree No. 788 for year 2000 and published in the investment gazette, edition No. 3261 issued on 18 April 2000 in Egypt and the bank head office in Cairo.
The Arab Banking Corporation (S.A.B) – Bahrain have reached an agreement to purchase and sell with Bank of Lebanon and Diaspora (S.A.L) for the acquisition of BLOM Bank in Egypt (S.A.E) at 9/8/2021, the acquisition took effect in the Egyptian Exchange. The Extraordinary General Assembly for the bank have decided on 10th of October 2022 the final approval on the merger of BLOM bank (S.A.E) the merged bank with the Arab Banking Corporation – Egypt (S.A.E) (the merging bank) on the Reference date for the merger 30 June 2021 On 1/1/2023, the legal merger process was completed between BLOM Bank Egypt S.A.E. (the merged bank) and Arab Banking Corporation - Egypt (the merging bank) in one legal entity, and the commercial registry of BLOM Bank Egypt was marked as cancelled (cancel the banks entry from the commercial register) and the merger was marked in the commercial register of the Arab Banking Corporation Bank on January 1, 2023.
|