Attijariwafa Bank Egypt is a financial services provider operating in Egypt since 2017. The bank is a subsidiary of the Attijariwafa Bank Group, a leading banking and financial group in North, Western, and Central Africa. Attijariwafa Bank Egypt offers retail and corporate banking services through its 64 branches and 112 ATMs, covering critical cities in Egypt.
History and Background
Attijariwafa Bank Egypt is a subsidiary of Attijariwafa Bank Group, a leading banking and financial group in North, Western, and Central Africa.
Acquisition of Barclays Bank Egypt
In 2017, Attijariwafa Bank Group acquired Barclays Bank Egypt, a subsidiary of Barclays Bank PLC. The acquisition was completed on May 3rd, 2017, and the bank was subsequently registered as Attijariwafa Bank Egypt SAE on November 3rd, 2017. The acquisition of Barclays Bank Egypt was a strategic move for Attijariwafa Bank Group. Attijariwafa Bank Egypt offers various banking services, including corporate and investment banking, retail banking, and Islamic banking.
Products and Services
Attijariwafa Bank Egypt offers several products to meet the needs of its customer base.
Retail Banking Offerings
Attijariwafa Bank Egypt offers its customers a range of retail banking products and services. These include savings and current accounts, credit cards, consumer loans, and mortgages. The bank’s savings and current accounts come with competitive interest rates, and its credit cards offer benefits such as cashback and reward points.
Corporate Banking Solutions
Attijariwafa Bank Egypt provides various corporate banking solutions to businesses, large and medium local companies, financial institutions, and government entities. The bank’s corporate banking services include trade finance, cash management, project finance, and treasury services. The bank’s trade finance solutions help companies manage their international trade transactions, while its cash management services help companies manage their cash flows efficiently.
Insurance and Consumer Credit
Attijariwafa Bank Egypt offers its customers a range of insurance and consumer credit products. The bank’s insurance products include life, health, and property insurance. The bank’s consumer credit products include personal, car, and education loans.
Operational Network
Attijariwafa Bank Egypt has an extensive operational network across Egypt and other African countries. The bank expanded its branch network in Egypt after it acquired Barclays Bank Egypt in 2017.
Branch Expansion in Egypt
Attijariwafa Bank Egypt has implemented an ambitious strategic plan to strengthen its position in the Egyptian market significantly. The bank has been expanding its branch network in Egypt as part of this plan.
Subsidiaries and Africa Development Club
Attijariwafa Bank Egypt is a subsidiary of Attijariwafa Bank. The group has been in Egypt since 2017 after acquiring the entire company from Barclays Bank Egypt.
Attijariwafa Bank has subsidiaries across Africa, including in Central and East Africa. The bank’s subsidiaries provide customers various banking and financial services in their respective regions.
Attijariwafa Bank is also a member of the Africa Development Club, a platform that brings together leading African banks to promote economic development and growth in Africa. The club provides a forum for its members to share knowledge and expertise on banking and finance and collaborate on projects to promote African economic development.
Strategic Initiatives
Attijariwafa Bank Egypt is committed to implementing various strategic initiatives to improve its services and meet its customers’ evolving needs. These initiatives include a focus on sustainability, social responsibility, and innovations in banking technology.
Sustainability and Social Responsibility
Attijariwafa Bank Egypt has published a comprehensive sustainability report outlining its progress in these areas as part of its sustainability and social responsibility commitment.
Corporate Governance
Attijariwafa Bank Egypt emphasizes maintaining a robust corporate governance system to ensure transparency, accountability, and ethical conduct in all its operations. The bank’s governance system adheres to general corporate governance principles and is overseen by a Board of Directors.
Board of Directors
The Board of Directors is responsible for the bank’s financial soundness and oversees its management. The board is responsible for setting the bank’s strategy and ensuring that the bank complies with all applicable laws and regulations.
As part of its corporate governance system, Attijariwafa Bank Egypt has established rules that govern how its Board of Directors operates. The board operates under a Group Governance Charter, which provides a formal framework for the principles, regulations, procedures, and processes laid down to govern how the system operates within the bank. The board also has five specialized committees reporting directly to it, including the Corporate Governance Committee, which oversees the bank’s governance system.
Shareholding Structure
Attijariwafa Bank Egypt is a subsidiary of Attijariwafa Bank Group, a leading banking and financial group in North, Western, and Central Africa. In May 2017, Barclays Bank PLC transferred its entire shareholding in Barclays Bank Egypt SAE to Attijariwafa Bank Group. In November 2017, the bank was registered as Attijariwafa Bank Egypt SAE and operated under the new trademark and logo.
Attijariwafa Bank Egypt values its employees and recognizes that they are critical to its success. The bank has implemented a training program for its Board members and employees to ensure they have the necessary skills and knowledge to carry out their roles effectively.
EGYPT MLS
Egypt MLS, under Arab MLS, is a cutting-edge real estate platform for licensed professionals, realtors, and brokers in Egypt. It offers a comprehensive property database for easy searching, comparing, and booking of properties for sale, set to revolutionize the real estate industry in Egypt.
Frequently Asked Questions
How can I access Attijariwafa Bank Egypt’s online banking services?
Attijariwafa Bank Egypt offers its customers online banking services, which can be accessed through the bank’s website. Customers must first register for the service to access the online banking portal.
What is the hotline number for Attijariwafa Bank Egypt?
Attijariwafa Bank Egypt’s hotline number is 16222. This number can be used to contact the bank’s customer service team for assistance with various banking services, including account management, loans, and more.
How can I find career opportunities at Attijariwafa Bank Egypt?
Attijariwafa Bank Egypt offers a range of career opportunities for individuals looking to join the bank’s team. Interested individuals can visit the bank’s website to view job openings and apply online.
Where are the branches of Attijariwafa Bank Egypt located?
Attijariwafa Bank Egypt has a network of branches throughout Egypt. Customers can visit the bank’s website to view a list of its branches and their locations.
What services are available through Attijariwafa Bank Egypt’s online banking portal?
Attijariwafa Bank Egypt’s online banking portal offers various services, including account management, bill payment, fund transfers, and more. Customers can log in to the portal to access these services and manage their accounts from anywhere, at any time.
