Bank ABC has ambitious growth plans in MENA; the BLOM Bank Egypt acquisition is a strategic fit for the Bank’s growth and performance aims in Egypt and beyond. Offering a strong balance sheet with excellent liquidity and capital levels, the acquisition has a strong value proposition for a range of stakeholders.

Driving forward its reputation as the leading international bank in MENA underpins all elements of Bank ABC’s growth strategy; the Egyptian market is a key player in the region. The acquisition of BLOM Bank Egypt strengthens the Bank’s roots in the Egyptian market, which is relatively underbanked and has massive potential. Bank ABC is also focused on scaling innovative approaches to banking, and will be expanding its digital and mobile baking service offerings in Egypt.

Bank ABC is eager to be a part of Egypt’s ongoing economic transformation, and proud to offer a range of digital and mobile offerings to customers as digital innovation scales in the country.

Combining the resilience and performance of Bank ABC and BLOM Bank Egypt offers a strong and high-performing bank for retail, corporate, and wholesale customers in the country.