Bank of Alexandria
Introduction and Establishment
Bank of Alexandria, which is publicly branded as ALEXBANK, is an Egyptian bank established in 1957. The institution operates in Egypt and is described as a private-sector bank within the country's financial landscape.
Ownership and Shareholder Structure
The bank is a part of the Intesa Sanpaolo group, with the Italian banking group Intesa Sanpaolo holding the position of majority shareholder. Bank of Alexandria is presented and operates within the broader context of the Intesa Sanpaolo group's international presence.
According to the bank's interim financial statements for the period ended 31 March 2025, the specific shareholder structure is detailed with high precision. Intesa Sanpaolo S.p.A. holds a stake of 79.99999975 percent.
The same financial statement from March 2025 confirms the other shareholders. The Egyptian Ministry of Finance holds a 20 percent stake in the bank. A minority stake of 0.00000025 percent is held by Ahmed Saeed Al-Falal.
Corporate Governance and Financial Reporting
Bank of Alexandria maintains public-facing documentation related to its operational and ethical frameworks. The bank provides information on its corporate governance principles, outlining the structures and processes that guide its operations and decision-making.
In addition to governance, the bank publishes its Code of Ethics. This document serves as a reference for the standards of conduct expected within the organization. The bank also provides public information regarding its mission and values.
The institution demonstrates financial transparency through the regular publication of its formal financial statements. This includes the release of interim financial statements, such as the report covering the period that concluded on 31 March 2025.
Retail Banking Services
The bank provides a range of services targeted at individual customers. The available retail product coverage includes savings accounts for personal banking needs. The bank also offers personal loans and a selection of credit-card products to its retail client base.
Corporate and Business Banking
For its corporate clients, Bank of Alexandria offers a suite of dedicated products and services. This includes facilities designed to support the working capital needs of businesses, helping them manage their short-term operational liquidity.
The bank's corporate financing solutions also extend to medium-term and long-term financing. Furthermore, Bank of Alexandria provides guarantees as part of its service portfolio for corporate and business customers.
Digital Banking Channels
Bank of Alexandria provides customers with access to their accounts and services through digital platforms. These channels include ALEXBANK mobile banking for on-the-go access and a comprehensive internet banking portal for desktop use.
The bank's digital security infrastructure includes a one-time password (OTP) and security token system branded as O-Key. For customer convenience, the bank also integrates with the Fawry bill payment network, allowing for bill payments to be made through its channels.
