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 has now legally merged with Bank ABC Egypt

Our journey to build an exciting bank for the future has begun. We will now work to combine the best of both banks to offer an enhanced range of services and wider network of branches and ATMs.

As a larger, more diverse bank we look forward to creating a new world of opportunity for our customers.

Customers of both banks can continue to access their accounts and services as normal while integration work continues.


Download Infographic

Bank ABC building

Latest news

BLOM Bank Egypt has now legally merged with Bank ABC Egypt

Our journey to build an exciting bank for the future has begun. We will now work to combine the best of both banks to offer an enhanced range of services and wider network of branches and ATMs.

As a larger, more diverse bank we look forward to creating a new world of opportunity for our customers.

Customers of both banks can continue to access their accounts and services as normal while integration work continues.


Download Infographic

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:

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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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