Egypt is central to the future of banking in the MENA region. Bank ABC believes in the vision of Egypt as an integral hub of commerce and finance, and its acquisition of BLOM Bank Egypt will help it to more than triple its market share in an expanding economy.
The acquisition brings together both Bank ABC and BLOM Bank Egypt’s well-respected reputations and innovative banking services to turbocharge the Bank ABC Egypt brand and set the pace for future growth in Egypt and beyond.
Egypt is central to the future of banking in the Middle East. Bank ABC believes in the vision of Egypt as an integral hub of commerce and finance, and its acquisition of BLOM Bank Egypt will help it to more than triple its market share in an expanding economy.
The acquisition brings together both Bank ABC and BLOM Bank Egypt’s well-respected reputations and innovative banking services to turbocharge the Bank ABC Egypt brand and set the pace for growth in Egypt and beyond.
Step 1
Bank ABC acquires 99.5% of BLOM Bank Egypt. Bank ABC Egypt and BLOM Bank Egypt continue to operate as separate entities
Step 2
BLOM Bank Egypt and Bank ABC Egypt legally merge subject to regulatory approvals to form one combined entity
Phase 3
BLOM Bank legally becomes part of Bank ABC, transition to Bank ABC Egypt brand begins
Step 3
The combined entity is fully integrated within the Bank ABC Egypt brand
Customers will enjoy access to more branches, an increased range of services including within digital banking and a strong international network.
Learn moreBank ABC is rapidly accelerating its footprint in Egypt with the acquisition of BLOM Bank Egypt. More than tripling its market share, the transaction will allow Bank ABC to bring expanded offerings to consumers, including in digital banking.
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