About EGbank
EGBANK was established in 1981, under the investment law 43/1974 and its amendments. EGBANK’s main founders are; Salah Mahmoud, Gawad Bu Khamseen, Fahd El Shobokshy, Abdel Rahman El Sharbatly and Misr Insurance, who had a vision of establishing an Egyptian bank to serve and support the developmental projects in Egypt and the Arab countries.
Since its establishment, EGBANK grew organically throughout the years and maintained competent healthy portfolio, strong level of stability and profitability in relevance to its size. EGBANK followed a smart expansion strategy that depended on collaborating in strategic projects, with successful symbols of potential sectors, with the aim of offering value added services to the Egyptian market.
EGBANK expanded in many sectors such microfinance and financial Natural Gas. Starting 2009 onwards, EGBANK signed business protocols with Net Gas, TAQA and lately Misr Gas. EGBANK wallet of financing natural gas has currently reached EGP 85 million; with the aim of growing it to reach 1 billion Egyptian pounds by 2020.
Recently, EGBANK adopted an aggressive revamp strategy and expansion plan that aims to reposition the bank in the Egyptian market, to become one of the key players operating in Egypt. EGBANK witnessed substantial growth under the leadership of the current management team. The bank is adopting an ambitious strategy to become one of the most important financial institutions in the coming three years.
Company Details
Website
Headquarters
Giza, Egypt
Year founded
1981