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| C A L L U S N O W |
| 1 9 0 3 3 |
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IFC bought 9.75% stake in BA |
| In March 2009, the IFC invested US$ 200m equal (39m shares) for EGP28.38 per share.This provesthat BA is still the trump card to lure foreign investments to theEgyptianmarket.Consequently,the Bank's shareholdingstructure is divided among INTESA SANPAOLO (70.25%),the Egyptian government (20%)and the IFC (9.75%).The equity investment is IFC's largest in Egypt and its second-largest globally. |
The Fruits of the Deal |
| Chairman of AlexBank said that this deal will boost the Bank's competitive capabilities as regard the long-term finance such as mortgage finance. The deal will also help in placing the Bank on a higher level regarding SMEs and microfinance. |
| BA's total retail loans increased by more than 60% in 2008, compared to 2007, while micro-loans increased by 41%. | |
| IFC's Role in Egypt |
IFC, a member of the World Bank, has a number of investments in the Egyptian financial sector. It owns shares in many companies in the field of Mortgage Finance, financial leasing, export factoring and a number of banks operating in Egypt.
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For the Second Year … Alex Bank organize Customer Satisfaction University Award Competition
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Alex Bank in cooperation with American University in Cairo and German University in Cairo organized the customer satisfaction
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AlexBank, a member of the Intesa Sanpaolo Group, has been named “Best Bank in Egypt
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