Was established in 1957 as an Egyptian joint stock company. Was privatized on 17/10/2006 via selling 80% of its shares to the Italian group Sanpaolo. The sale deal was concluded so successfully that it was described as the best privatization process in Egypt.
Launched an ambitious development strategy to move in line with Intesa Sanpaolo's innovated systems and mechanisms. Such strategy includes developing the banking operations and offering new products and services that suit all customers. New employees with international experience in various fields joined the Bank so that the three coming years may view the birth of a banking giant in the Egyptian market. This entity is to have historical roots in addition to adopting modern techniques. Has a country-wide network of 171 units serving 1.5 million customers.
