Building an exciting bank

for the future

 

Everything you need to know about BLOM Bank Egypt's

merger with Bank ABC Egypt

Latest news

BLOM Bank Egypt rebrands to Bank ABC Egypt

BLOM Bank Egypt and its services will rebrand to Bank ABC. The rebranding is part of our ongoing work to integrate both banks as part of the Bank ABC Group.

The services of both banks and how they are accessed by customers will not change as part of the rebranding process.

BLOM Bank Egypt services will be provided to customers as normal until they are migrated to Bank ABC Egypt systems.

Minimizing disruption for customers while we work to create our fully combined future bank remains our top priority.

Any changes to your banking will be communicated to you in advance.

Read More

Bank ABC building

Latest news

BLOM Bank Egypt rebrands to Bank ABC Egypt

BLOM Bank Egypt and its services will rebrand to Bank ABC. The rebranding is part of our ongoing work to integrate both banks as part of the Bank ABC Group.

The services of both banks and how they are accessed by customers will not change as part of the rebranding process.

BLOM Bank Egypt services will be provided to customers as normal until they are migrated to Bank ABC Egypt systems.

Minimizing disruption for customers while we work to create our fully combined future bank remains our top priority.

Any changes to your banking will be communicated to you in advance.


Read More

how the transaction works

Step 1

Bank ABC acquires 99.5% of BLOM Bank Egypt. Bank ABC Egypt and BLOM Bank Egypt continue to operate as separate entities

Bank ABC and BLOM Bank Egypt Logo
Acquire Icon

Step 2

BLOM Bank Egypt and Bank ABC Egypt legally merge. As a single legal entity, both banks continue to provide a normal service while integration work progresses

We are here

Phase 3

The combined entity is fully integrated within the Bank ABC Egypt brand and banking system

Transition icon

Step 3

The combined entity is fully integrated within the Bank ABC Egypt brand and banking system

Bank ABC

Meet our leadership

 

Saddek Omar El Kaber

Chairman,
Bank ABC Group and Bank ABC Egypt

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Sael al Waary

Acting Group CEO, Bank ABC Group
& Vice Chairman, Bank ABC Egypt

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Amr Tharwat

MD and CEO,
Bank ABC Egypt

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Bank ABC Egypt and BLOM Bank Egypt Merger will:

The BLOM Bank Egypt acquisition will:

View

Integration journey

January 2021
Share Purchase Agreement signed with BLOM Bank Lebanon
August 2021
Completion of the BLOM Bank Egypt acquisition following receipt of regulatory approvals and other closing actions
January 2023
BLOM Bank Egypt and Bank ABC Egypt legally merge and integration begins.

Initial rebranding process begins. BLOM Bank Egypt branches will rebrand to Bank ABC but continue to provide access to usual services
Date to be announced
Full integration of both banks completes, with all customers served by an enhanced range of services

Benefits of merger

Customers

Customers will enjoy access to more branches, a strong international network and an enhanced range of services, including digital banking. A comprehensive list of FAQs is available to help answer any queries you may have.

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Media

Bank ABC plans to fully capitalise on the opportunities in the Egyptian market following its acquisition of BLOM Bank Egypt. As a bigger, modern banking franchise it will play an importance role for customers and the wider economy.

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Latest news