Bank ABC’s acquisition of BLOM Bank Egypt will set the pace for the future of banking in the region. Drawing from 20 years of experience in Egypt, Bank ABC is scaling up its retail, corporate and SME banking services, whilst leveraging its strong digital and mobile banking capabilities. This will translate to more options for customers and enhanced international connectivity.


Why is Bank ABC acquiring BLOM Bank Egypt?


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.

How does this transaction align with Bank ABC’s growth strategy?


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.

What will the transaction offer the Egyptian market?


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.

Press Release

Bank ABC expands presence in Egyptian market by closing the acquisition of BLOM Bank Egypt Download
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Bank ABC Egypt starts transformation of its larger branch network Download

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