EGbank is a prominent financial institution in Egypt that has provided banking services since 1981. It was established to support developmental projects in Egypt and the Arab countries. As of December 2023, the bank had 61 branches and employed 2,172 people.
EGbank offers its customers various banking services, including loans, online banking, and savings accounts. It provides a young and flexible banking experience and has designed its EGBank Private Banking Program as a one-stop shop for all their personal and business needs. The bank also offers 24/7 access to accounts through EGBANK ATMs or any 123 ATM locally and internationally.
EGbank’s online banking features and benefits include:
- Checking all EGBANK accounts.
- Opening a new sub-current account.
- Conducting all types of transfers between accounts inside or outside Egypt.
- Keeping transfer beneficiaries’ details.
- Paying all bills through Fawry Service.
History and Overview
Foundation of Egyptian Gulf Bank
Egyptian Gulf Bank (EGbank) was founded in 1981 under the investment law 43/1974 and its amendments. The bank was established to support developmental projects in Egypt and the Arab countries. EGbank is a joint venture between the Egyptian and GCC banking industries, with Bukhamseen Holding as the main shareholder. Raed Bukhamseen currently sits on the bank’s Board of Directors.
EGbank has two subsidiaries: the Egyptian Gulf Holding Company for Financial Investments and the Egyptian Gulf Company for Financial Consultations. The bank has a broad, diverse knowledge and background, with two executive and eight non-executive members on its board.
EGbank in the Financial Market
EGbank has been recognized as the fastest-growing bank in Egypt by The Arab Banks Awards & Commendations of Excellence in 2016. The bank has 61 branches and employed 2,172 people as of December 2023. It currently provides corporate, retail, and investment banking services through its branches across Egypt.
EGbank has a market value of 11,132 million Egyptian pounds and offers a young and flexible banking experience, including loans, online banking, and savings accounts with the best interest. The bank has a strong reputation in the financial market and has been a critical player in the growth of Egypt’s economy.
In summary, EGbank is a well-established bank in Egypt with a strong reputation in the financial market. The bank has a diverse knowledge and background and offers its customers a young and flexible banking experience. With its subsidiaries and experienced board members, EGbank is committed to supporting developmental projects in Egypt and other Arab countries.
Banking Services
EGbank offers a range of banking services to meet the requirements of both individuals and businesses. These services include personal banking, corporate banking, and digital banking.
Personal Banking
EGbank provides various personal banking services, including savings and checking accounts, credit cards, loans, and money transfers. Clients can access their accounts 24/7 through online banking and mobile banking apps. EGbank also offers various financial services, including investment and insurance products.
For those looking to take out a loan, EGbank provides a loan calculator on its website to help customers calculate their monthly payments and interest rates. Customers can also pay their bills and make transfers through the Fawry service available at EGbank branches and online banking.
Corporate Banking
EGbank offers various corporate banking services, including loans, credit facilities, and cash management solutions. The bank also provides trade finance services, including letters of credit and guarantees, to help businesses manage international transactions.
EGbank’s corporate banking services are designed to fulfill the demands of businesses of all sizes, ranging from small startups to huge enterprises. The bank’s professional relationship managers work closely with users to understand their specific requirements and offer tailored solutions.
Digital Banking
EGbank’s digital banking services allow customers to manage their finances anywhere. The bank’s online banking and mobile banking apps give customers access to their accounts and the ability to make transfers, pay bills, and view transaction history.
Customers can also use EGbank’s digital banking services to ask for loans and credit cards and open new accounts. The bank’s digital services are designed to be user-friendly and straightforward, making it easy for clients to manage their finances on the go.
Account Management
Opening an Account
EGbank offers a simple process for opening a new account. To open an account, customers can visit any bank branch and provide the necessary identification documents, such as a valid national ID or passport. Once the documents are verified, the customer can choose the type of account they wish to open and make the initial deposit.
Account Types
EGbank offers a range of account types to suit its customers’ diverse needs. The most common account type is the current account, which provides customers with the simplicity of depositing and withdrawing money as needed. EGbank also offers Time Deposits, which offer higher interest rates than regular savings accounts. Customers can choose from various Time Deposit options, including short-term and long-term deposits.
Account Management Tools
EGbank provides a range of tools to help customers manage their accounts efficiently. Customers have 24/7 access their accounts via the bank’s online banking service. Customers can use the web interface to check their account balances, view transaction histories, and transfer funds between accounts. Customers can also request the issuance of a Cheque Book and a Balance Certificate through the online portal.
Registering and Logging In
Customers must first register for an account to access the online banking portal. The registration process is simple and can be completed online or in person at any bank branch. Once registered, customers can log in to the portal using their username and password. The online portal is secure and uses advanced encryption technology to protect customer data.
EGbank’s account management tools are designed to be user-friendly and intuitive, allowing customers to manage their accounts easily. Whether customers need to transfer funds, check their account balances, or request a new checkbook, EGbank’s online banking portal provides a convenient and efficient way.
Customer Interaction
Branch Network
EGbank has an extensive branch network throughout Egypt, making it convenient for customers to access their services. Customers can visit branches to open an account, apply for a loan, or conduct other banking transactions. The bank’s branches are equipped with modern facilities and staffed with knowledgeable personnel who are always available to assist customers.
EGbank Branches are located in various parts of Egypt, including Cairo, Giza, Alexandria, and Sharm El Sheikh. Customers can easily find the nearest branch using the bank’s website or by contacting the customer service hotline. The bank’s branches are open during regular business hours, and some branches offer extended hours and weekend services to accommodate customers’ busy schedules.
Online Accessibility
EGbank understands the importance of online accessibility in today’s digital world. The bank offers a user-friendly website allowing customers to access their accounts, transfer funds, pay bills, and perform other banking transactions from their homes or offices. The bank’s website is secure and easy to navigate, making it convenient for customers to manage their finances online.
In addition to the website, EGbank offers a mobile app that customers can download on their smartphones or tablets. The app allows customers to access their accounts, check balances, transfer funds, and perform other banking transactions. The app is available for iOS and Android devices and can be downloaded from the App Store or Google Play.
Overall, EGbank provides customers with various options to interact with the bank and manage their finances. Whether it is through the bank’s extensive branch network or online accessibility, customers can expect a seamless banking experience.
Strategic Partnerships and Development
EGbank has established numerous strategic partnerships with various entities in the Arab World, contributing to the growth and development of the bank and the region. The following subsections highlight some of these collaborations and contributions.
Collaborations and Shareholding
EGbank has collaborated with Misr Insurance Company, one of the leading insurance companies in Egypt, to provide their customers with a range of financial products and services. This collaboration has strengthened EGbank’s position in the market and expanded its customer base.
EGbank has also established strategic partnerships with other regional financial institutions, such as Network International, to support digital payment transformation in the bank’s ATM-acquiring business. This partnership has enabled EGbank to introduce payment technology and innovative solutions to enhance consumer trust and convenience.
Furthermore, EGbank has attracted several shareholders who have contributed to the bank’s growth and development. These shareholders include prominent entities such as the National Bank of Egypt, Banque Misr, and the Arab African International Bank.
Contribution to Development Projects
EGbank has also significantly contributed to regional developmental projects. The bank has actively financed various projects to improve infrastructure, healthcare, education, and other sectors.
EGbank has also invested in several projects focused on renewable energy and sustainable development, which has contributed to the bank’s commitment to environmental sustainability and social responsibility.
In conclusion, EGbank’s strategic partnerships and contributions to developmental projects have enabled it to expand its reach and impact in the region. These collaborations and investments have strengthened EGbank’s position in the market and contributed to the growth and development of the Arab World.
Frequently Asked Questions
How can I register for EG Bank’s internet banking?
To register for EG Bank’s internet banking, visit their website and click the “Register” button in the top right corner. You will then be asked to provide your personal information and create a username and password. Once you have completed the registration process, you will receive a confirmation email with instructions on activating your account.
What is the process for signing up for EG Bank mobile banking?
You can download the EG Bank mobile app from the App Store or Google Play to sign up for EG Bank mobile banking. Once you have downloaded the app, you will be asked to provide your personal information and create a username and password. You will also need to link your mobile number to your account. Once you have completed the registration process, you can access all of the features of EG Bank mobile banking.
Where can I find the nearest EG Bank branch?
You can find the nearest EG Bank branch by visiting their website and clicking the “Branch Locator” button on the top right corner of the page. You will then be asked to enter your location, and the website will provide you with a list of the nearest branches.
How can I apply for a career at EG Bank?
To apply for a career at EG Bank, you can visit their website and click the “Careers” button on the top right corner of the page. You will then be asked to provide your personal information and resume upload. Once you have completed the application process, your application will be reviewed by EG Bank’s HR team.
What are the methods to contact EG Bank’s customer service?
EG Bank’s customer service can be contacted by phone, email, or website. The team is available 24/7 to answer any questions or concerns.
Who currently holds the position of CEO at EG Bank?
As of the current date, the CEO of EG Bank has not been publicly disclosed.
