Saudi Riyal exchange rate against the Egyptian pound today, Thursday, December 18, 2025

The **National Bank of Egypt (NBE)** is the oldest and largest commercial bank in Egypt. Here are some key details about it:

### **Overview**
– **Founded:** June 25, 1898
– **Headquarters:** Cairo, Egypt
– **Type:** Public sector bank (majority owned by the Egyptian government)
– **Role:** Acts as the main banker for the Egyptian government and plays a key role in the country’s financial system.

### **Key Functions & Services**
1. **Commercial Banking:**
– Retail, corporate, and investment banking services.
– Extensive branch network across Egypt (over 500 branches).
– Digital banking and electronic payment solutions.

2. **Government Banking:**
– Manages treasury operations for the Egyptian government.
– Handles public sector payments and salaries.

3. **International Presence:**
– Branches and representative offices in several countries (e.g., UAE, China, UK, South Sudan).
– Correspondent banking relationships worldwide.

4. **Economic Role:**
– Implements national financial inclusion initiatives.
– Supports small and medium enterprises (SMEs) and development projects.

### **Recent Developments**
– **Digital Transformation:** Launch of mobile apps, online banking, and digital wallets (e.g., *NBE Digital*).
– **Sustainability Initiatives:** Green financing and support for renewable energy projects.
– **Expansion:** Continues to grow its market share in Egypt and Africa.

### **Significance**
– Holds about **30%** of Egypt’s banking sector deposits.
– Considered a **systemically important bank** (too big to fail) in Egypt.
– Plays a pivotal role in implementing Egypt’s monetary and fiscal policies.

If you have a specific question about NBE’s services, history, or current activities, feel free to ask!

The **Central Bank of Egypt (CBE)** is the primary monetary authority and central bank of Egypt. Established in 1961, it plays a crucial role in regulating the country’s banking system, issuing the Egyptian pound (EGP), managing foreign reserves, and implementing monetary policy to ensure price stability and support economic growth.

### **Key Functions:**
1. **Monetary Policy:** Sets interest rates and controls money supply to manage inflation and stabilize the currency.
2. **Banking Supervision:** Oversees commercial banks and financial institutions to ensure stability and compliance.
3. **Currency Issuance:** Sole authority for issuing Egyptian pound banknotes and coins.
4. **Foreign Exchange Management:** Manages Egypt’s foreign reserves and exchange rate policies.
5. **Government Banker:** Acts as the banker and fiscal agent for the Egyptian government.
6. **Financial Stability:** Works to maintain confidence in the financial system.

### **Recent Context:**
In recent years, the CBE has faced challenges such as high inflation, currency depreciation, and external debt pressures. It has undertaken measures like interest rate hikes and a shift to a more flexible exchange rate regime, often in coordination with IMF-supported economic reforms.

### **Governance:**
The CBE is headed by a Governor, appointed by the President of Egypt, and operates under the guidance of a Board of Directors.

### **Contact & Location:**
– **Headquarters:** Cairo, Egypt.
– **Website:** [www.cbe.org.eg](http://www.cbe.org.eg) (for official reports, rates, and regulations).

If you have specific questions about its policies, exchange rates, or recent decisions, feel free to ask!

**Banque Misr** is one of the oldest and largest banks in Egypt, founded in 1920 by the Egyptian economist and nationalist **Talaat Harb Pasha**. It was established as part of a broader movement to promote Egyptian economic independence and national ownership during a time when foreign banks dominated the country’s financial sector.

### Key Facts:
– **Founding Vision**: To support Egyptian industry, agriculture, and trade, and to foster local entrepreneurship.
– **Ownership**: Currently, the majority of its shares are owned by the Egyptian government, though it operates as a commercial bank.
– **Services**: Offers a wide range of banking services including retail, corporate, Islamic banking, investment, and international banking.
– **Network**: Has an extensive branch network across Egypt and a growing international presence.
– **Digital Transformation**: Actively expanding its digital banking services, including mobile and online banking platforms.

### Historical Significance:
Banque Misr played a pivotal role in financing Egypt’s early industrial projects, such as textile factories, shipping companies, and insurance firms. It remains a symbol of national economic pride and continues to be a major player in Egypt’s banking sector.

### Recent Developments:
The bank has been involved in various national initiatives, including financial inclusion projects and support for small and medium-sized enterprises (SMEs). It also participates in government-led economic development programs.

If you have specific questions about its services, history, or current operations, feel free to ask!

Of course. “Bank of Alexandria” can refer to two distinct but historically connected financial institutions, depending on the context. Here’s a breakdown:

### 1. Bank of Alexandria (Egypt) – البنك الأهلي المصري
This is the original and most prominent institution bearing the name.
* **History:** Founded in **1864** in Alexandria, Egypt, it is one of the oldest banks in the entire Middle East and Africa.
* **Ownership:** Historically a private bank, it was nationalized in the 1960s. In **2006**, a majority stake was sold to the **Italian banking group Intesa Sanpaolo** as part of Egypt’s privatization program.
* **Current Status:** It is now a **commercial joint-stock company** and operates as a subsidiary of Intesa Sanpaolo. It is a major player in the Egyptian banking sector with a widespread network of branches across the country.
* **Services:** It offers a full range of retail, corporate, and investment banking services.

### 2. Bank of Alexandria (Sudan)
This is a separate entity, but with historical roots in the Egyptian bank.
* **History:** It began in 1975 as a **branch** of the Egyptian Bank of Alexandria. In **1994**, it was incorporated as an independent Sudanese shareholding company.
* **Current Status:** It is now a **fully Sudanese-owned commercial bank**, with no current ownership ties to the Egyptian bank or Intesa Sanpaolo. It operates solely within Sudan.
* **Note:** Due to the economic and political situation in Sudan, its current operational status may be affected.

### Key Difference at a Glance:
| Feature | Bank of Alexandria (Egypt) | Bank of Alexandria (Sudan) |
| :— | :— | :— |
| **Country** | Egypt | Sudan |
| **Founded** | 1864 | 1975 (as a branch), independent in 1994 |
| **Current Owner** | Intesa Sanpaolo (Italy) | Sudanese shareholders |
| **Scope** | Major Egyptian bank | Sudanese domestic bank |

### In Summary:
If someone mentions “Bank of Alexandria,” they are most likely referring to the **large, historic Egyptian bank**, now part of the Intesa Sanpaolo group. However, it’s important to distinguish it from the similarly named, but now independent, bank in Sudan.

**Would you like information on the services of the Egyptian bank, its contact details, or perhaps its historical significance?**

Commercial International Bank (CIB) is the largest private-sector bank in Egypt and a leading financial institution in the Middle East and North Africa (MENA) region. Here’s a quick overview:

### **Key Facts:**
– **Founded:** 1975
– **Headquarters:** Cairo, Egypt
– **Listed:** Egyptian Exchange (EGX) and London Stock Exchange (LSE)
– **Core Focus:** Corporate, retail, and investment banking

### **Major Services:**
– **Corporate Banking:** Serving large local and multinational companies.
– **Retail Banking:** Consumer loans, credit cards, savings, and digital banking.
– **Investment Banking:** M&A advisory, capital markets, asset management.
– **Treasury & Capital Markets:** Foreign exchange, money markets, securities trading.
– **Digital Innovation:** Pioneering digital platforms (CIB Online & Mobile Banking).

### **Recent Recognition:**
– Frequently ranked as Egypt’s strongest bank by assets, profitability, and market capitalization.
– Known for strong corporate governance and digital transformation.

### **Ownership:**
Major shareholders include international institutional investors, with significant free float on the EGX.

### **Global Presence:**
Primarily operates in Egypt, with representative offices in the UAE and Kenya, and correspondent banking relationships worldwide.

CIB is often seen as a bellwether for the Egyptian economy due to its market leadership and stability.

Abu Dhabi Commercial Bank (ADCB) is one of the largest and most prominent banks in the United Arab Emirates. Here are some key details about it:

### **Overview**
– **Founded:** 1985
– **Headquarters:** Abu Dhabi, UAE
– **Type:** Public Joint Stock Company
– **Listed:** Abu Dhabi Securities Exchange (ADX)

### **Key Business Areas**
ADCB provides a wide range of financial services, including:
– Retail and corporate banking
– Wealth management
– Investment banking
– Islamic banking (through **ADCB Islamic Banking**)
– Treasury and trade services

### **Recent Developments**
– In 2019, ADCB merged with Union National Bank (UNB) and acquired Al Hilal Bank, significantly expanding its scale and market share.
– Post-merger, it operates under the ADCB brand but retains Al Hilal Bank as a separate Islamic banking entity.

### **Market Position**
– It is consistently ranked among the top three banks in the UAE by assets.
– Has a strong presence in the UAE with an extensive branch and ATM network.
– Also operates internationally in key markets like India, the UK, and Hong Kong.

### **Ownership**
– Majority owned by the Abu Dhabi government through the **Abu Dhabi Investment Council** (part of Mubadala Investment Company).

### **Digital Services**
ADCB has invested heavily in digital banking, offering:
– Mobile banking app
– Online banking platform
– Digital wallets and contactless payments

### **Awards & Recognition**
Frequently recognized for customer service, innovation, and corporate governance by regional and international institutions.

If you have a specific question about ADCB’s services, financial performance, or history, feel free to ask!

Of course. Here is a detailed overview of **Al Baraka Bank**.

Al Baraka Bank is a leading international Islamic banking group, providing banking, financial, and investment services in accordance with **Sharia (Islamic) principles**. It is one of the pioneers and largest Islamic banking groups in the world.

### **Key Information at a Glance**
* **Headquarters:** Manama, Bahrain
* **Founded:** 1978 (as a trading company), began banking operations in 1984.
* **Founder & Chairman:** Sheikh Saleh Abdullah Kamel
* **Model:** A **decentralized network** of independent banking subsidiaries and branches across multiple countries.

### **Core Business Model & Principles**
Al Baraka operates strictly on Islamic finance principles, which prohibit:
* **Riba (Interest):** Earning or charging interest on loans.
* **Gharar (Excessive Uncertainty):** Speculative or overly risky transactions.
* **Financing Haram Activities:** Businesses involved in alcohol, gambling, pork, etc.

Instead, it uses Sharia-compliant contracts such as:
* **Murabaha:** Cost-plus-profit sale (common for trade finance and home/car financing).
* **Mudaraba:** Profit-sharing partnership.
* **Musharaka:** Joint venture partnership.
* **Ijara:** Leasing or lease-to-own arrangements.
* **Sukuk:** Islamic bonds (investment certificates).

### **Geographic Presence & Network**
The Al Baraka Group operates through a vast network, serving millions of customers. Its presence is strongest in the Middle East, Africa, and Asia.

**Major Subsidiaries and Banking Units include:**
* **Turkey:** Al Baraka Türk Katılım Bankası
* **South Africa:** Al Baraka Bank Limited
* **Pakistan:** Al Baraka Bank (Pakistan) Limited
* **Jordan:** Jordan Islamic Bank
* **Egypt:** Al Baraka Bank Egypt
* **Tunisia:** Al Baraka Bank Tunisia
* **Bahrain:** Al Baraka Islamic Bank B.S.C.
* **Sudan:** Al Baraka Bank Sudan
* **Lebanon:** Al Baraka Bank Lebanon
* **Syria:** Al Baraka Bank Syria
* **Algeria:** Al Baraka Bank Algeria
* **Iraq:** Al Baraka Bank Iraq
* **Morocco:** Branch in Casablanca

### **Products and Services**
Al Baraka offers a full suite of Islamic banking services:
* **Retail Banking:** Current & savings accounts, home & auto financing, credit cards (Sharia-compliant), personal finance.
* **Corporate Banking:** Project finance, working capital, trade finance (letters of credit, guarantees), treasury services.
* **Investment Banking:** Asset management, private equity, Sukuk issuance, advisory services.
* **Treasury:** Foreign exchange, commodity trading, liquidity management using Islamic instruments.
* **Online & Digital Banking:** Mobile apps, internet banking, and digital payment solutions.

### **Governance**
* **Sharia Supervisory Board:** A central board of renowned Islamic scholars reviews and approves all products, transactions, and operations to ensure strict Sharia compliance.
* **Local Boards:** Each subsidiary has its own management and Sharia board, adapting to local regulations and market needs.

### **Ownership & Financials**
Al Baraka Banking Group B.S.C. (ABG) is the parent company, listed on the **Bahrain Bourse** and the **Nasdaq Dubai**. Its shareholders include institutional and individual investors from across the Islamic world.

### **Mission & Vision**
* **Mission:** To be a premier international Islamic bank, contributing to the social and economic development of the communities it serves.
* **Vision:** To be the global leader in innovative and ethical Islamic financial solutions.

### **Reputation & Significance**
Al Baraka is widely respected as a **systemically important Islamic bank**. It has played a crucial role in:
* Proving the commercial viability of Islamic finance globally.
* Promoting financial inclusion in its markets.
* Developing standardized Islamic banking products and practices.

**In summary, Al Baraka Bank is a decentralized global pioneer of Islamic banking, offering interest-free, ethical financial services through a vast network of subsidiaries, primarily focused on emerging markets in the Muslim world.**

Of course. Here is a comprehensive overview of the **Suez Canal Bank (SCB)**.

### **Overview**
Suez Canal Bank is a prominent commercial bank in Egypt. Established in 1978, it operates as a joint-stock company and is listed on the Egyptian Exchange (EGX: **CANA**). While it has a strong private-sector focus, a significant portion of its shares is owned by Egyptian state-owned and public sector entities.

### **Key Details**

* **Headquarters:** Cairo, Egypt.
* **Founded:** 1978.
* **Stock Symbol:** CANA (Egyptian Exchange).
* **Chairman:** Mr. Hussein El-Refaie.
* **Network:** Over 60 branches across Egypt.

### **Ownership Structure**
The bank has a mixed ownership model, which includes:
* **Majority State/Public Sector Ownership:** Key shareholders include state-owned banks and insurance companies (e.g., National Bank of Egypt, Banque Misr, Misr Insurance Company).
* **Free Float:** A portion is publicly traded on the stock exchange.

### **Core Business & Services**
SCB provides a full range of corporate, retail, and Islamic banking services:
1. **Corporate Banking:** Financing, trade finance, cash management, and treasury services for large and medium enterprises.
2. **Retail Banking:** Savings/current accounts, consumer loans, credit cards, and wealth management.
3. **SME Banking:** Dedicated services for small and medium-sized enterprises.
4. **Treasury & Capital Markets:** Foreign exchange, money market operations, and investments.
5. **Islamic Banking:** Through its dedicated **”El Masraf El Togary”** Islamic windows across its branches.

### **Strategic Focus & Recent Performance**
* The bank has been actively pursuing a digital transformation strategy, enhancing its online and mobile banking platforms.
* It focuses on growing its loan portfolio, particularly in the high-potential SME sector.
* SCB has maintained steady growth in assets, deposits, and profitability in recent years, navigating the challenging Egyptian economic environment.

### **Notable Partnerships**
* A long-standing strategic partnership with **BNP Paribas**, which provides technical support, training, and access to international networks.
* Member of the **Mastercard** and **Visa** networks for card services.

### **Reputation & Market Position**
Suez Canal Bank is generally regarded as a **well-established, stable, and traditional Egyptian bank**. It holds a significant market share, particularly in corporate banking. Its strengths lie in its extensive branch network, strong corporate relationships, and the backing of major public-sector shareholders.

**In summary, Suez Canal Bank is a major Egyptian commercial bank with deep roots in the corporate sector, undergoing modernization while maintaining its traditional strengths.**

**Would you like information on its latest financial results, stock price, or specific services?**