{{Short description|Egyptian bank}} {{for|the historic building of the same name in Alexandria, Virginia, U.S.|Bank of Alexandria (Alexandria, Virginia)}} {{Use dmy dates|date=May 2026}} {{Infobox company | logo = Alex Bank Logo.svg | image = New Borg El Arab City 88.jpg | former_names = Bank of Alexandria | image_caption = New Borg El Arab city Branch | type = Private bank | industry = Financial services | founded = 1957 | num_locations = 210 (2025)<ref>{{cite news |url= http://in.reuters.com/finance/stocks/companyProfile?symbol=BALX.CA |archive-url= https://web.archive.org/web/20160118021334/http://in.reuters.com/finance/stocks/companyProfile?symbol=BALX.CA |url-status= dead |archive-date= 18 January 2016 |title=Company Profile for Bank of Alexandria SAE|work=in reuters.com|accessdate=6 September 2012}}</ref> | num_employees = 4200 (2025) | hq_location_city = Alexandria | hq_location_country = Egypt | key_people = Ziad Bahaa-Eldin (Chairman) | net_income = EGP 22,2 billion (2025)<br>(''USD 415 millions'')<ref name=Alex/> | assets = EGP 242 billion (2025)<br>(''USD 4,52 billion'')<ref name=Alex>{{cite web|url=https://www.alexbank.com/document/en/publications/ALEX/2025/financial-statement/financial-statement-december-2025/ALEXBANK%20Financials%20FY12-2025-%20EN.pdf|title=Financial Statements For The Financial year Ended December 31,2025 and Auditos' Report}}</ref> | equity = EGP 35,9 billion (2025)<br>(''USD 671 millions'')<ref name=Alex/> | parent = Intesa Sanpaolo | website = {{URL|http://www.alexbank.com/}} }} '''Alexbank''', formely known as '''Bank of Alexandria''' is a medium-sized Egyptian Bank. Founded in 1957, it has a market share of almost 7%. Intesa Sanpaolo is the major shareholder in the bank.
The bank holds 70.25% of the bank shares, IFC holds 9.75%, and the Egyptian Government holds 20%. Mahmoud Abdel Salam Omar, who is a former head of the Egyptian Banks Federation, is a former chairman of the bank.<ref>{{cite news |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/06/05/bloomberg1376-LMDEJJ6JTSEC01-46OBMQ6JUEH1EBCADP1USN16LA.DTL |title=Mahmoud Abdel Salam Omar |work=The San Francisco Chronicle |access-date=2020-06-26 }}{{dead link|date=February 2026|bot=medic}}{{cbignore|bot=medic}}</ref>
== History ==
* In 1857, local Greek merchants established a Bank of Alexandria to cater to the needs of the Greek merchant community. This bank was liquidated in 1877. * 1864 The English overseas bank, Anglo-Egyptian Bank was founded. * 1924 Anglo Egyptian Bank merged with The Colonial Bank (est. 1836) and the First National Bank of South Africa (est. 1891) to form Barclays Bank (Dominion, Colonial and Overseas).<ref name="Anthony">{{cite book |author = Anthony, Michael |author-link = Michael Anthony (author) |title = Historical Dictionary of Trinidad and Tobago|publisher = Scarecrow Press, Inc. Lanham, Md., and London|year = 2001|isbn = 0-8108-3173-2}}</ref> Barclays had inherited the ownership of The Colonial Bank when it acquired the London Provincial and South Western Bank<ref>{{cite web|title=London, Provincial and South Western Bank Ltd|url=https://www.archive.barclays.com/items/show/5268|accessdate=29 August 2015|publisher=Barclays Bank PLC|language=English|archive-date=18 January 2016|archive-url=https://web.archive.org/web/20160118021334/https://www.archive.barclays.com/items/show/5268|url-status=dead}}</ref> in 1918. * 1957 The Egyptian government founded Bank of Alexandria to take over the Egyptian operations of Barclays Bank DCO, which the Egyptian government had nationalized in 1956 after British and French troops attacked Egypt and occupied the Suez Canal during the Suez Crisis. * 1964 Bank of Alexandria acquired Banque du Nile and Import-Export Bank of Egypt. * 17 October 2006, The Egyptian government privatized Bank of Alexandria. Sanpaolo IMI, the Italian bank which itself was acquired by Banca Intesa, agreed to pay $1.6 billion for 80% of Bank of Alexandria. This was the first privatization in Egypt of a fully government-owned bank.
==See also== * List of largest banks in Africa * List of banks in Egypt
==References== {{Reflist}}
==External links== * [http://www.zawya.com/cm/profile.cfm?companyid=611079 Zawya Middle East Business Information. Listing of Bank of Alexandria]
{{Banks of Egypt}} {{Authority control}} {{portalbar|Banks|Egypt|Business and economics}} Category:Banks of Egypt Category:Banks established in 1957 Category:Intesa Sanpaolo subsidiaries Category:Egyptian companies established in 1957 Category:Former government-owned companies Category:Privatization in Egypt Category:Intesa Sanpaolo acquisitions