EGbank

What EGbank does

EGBANK (legal name Egyptian Gulf Bank S.A.E.) is a publicly listed Egyptian commercial bank on the Egyptian Stock Exchange (ticker EGX: EGBE), founded in 1981 under investment law 43/1974 and headquartered in Giza with a primary branch presence in Cairo and Alexandria. It serves Egyptian retail, SME, corporate, and HNW customers through seven formal segments: Personal, Prime (EGP 1M+ balance), Advance (EGP 250K-1M), Private, Islamic (Sharia-compliant with dedicated Shariah Committee), SME, and Corporate, plus two sub-brands, MINT for ages 15-29 and Freely for freelancers aged 21-50.

Core products span tiered deposit products (savings accounts, certificates of deposit with rates up to 19% annually for EGP), credit and debit cards across five tiers (Classic through World Elite, with limits up to EGP 2M and 57-day grace periods), personal and auto loans (up to EGP 10M), Islamic instruments (Sukuk, Murabaha, Ijarah), and two investment funds (Egyptian Gulf Equity Fund via Hermes Fund Management; Tharaa Money Market Fund via Prime Investment Asset Management). Underlying technology is a conventional digital-banking stack consisting of an internet banking portal (myegbank.com), a mobile banking app available on iOS and Android, an ATM fleet covering 82% of Egyptian governorates, two-factor authentication via Soft Token and Hard Token, and Fawry-based bill payment. The bank operates 50+ physical branches, a 24/7 call center (19342), and dedicated relationship managers for Prime and Private segments.

EGBANK generates revenue primarily through net interest income on loans, certificates of deposit, and time deposits, supplemented by transaction-based fees (account maintenance, transfers, card and loan processing) and profit-sharing returns from Islamic banking products. Distribution is single-country domestic via physical branches, digital channels, ATM network, and inside-sales relationship management; GTM is direct-to-consumer across retail, SME, and corporate segments, with no public API or developer platform. The bank is owned by a mix of Egyptian shareholders (Mohamed Mahmoud Group, Misr Insurance, Misr for Life Insurance, NAEEM Holding) and Gulf Arab founders (Bukhamseen, Sharbatly, Shobokshy families), with approximately 9.73% held by other Egyptian and foreign investors.

Name

EGbank

Legal name

Egyptian Gulf Bank S.A.E.

Website

https://www.eg-bank.com/

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

EGBANK (Egyptian Gulf Bank) is a publicly listed Egyptian commercial bank serving retail, SME, corporate, HNW, and Islamic banking customers through 50+ branches, an ATM network covering 82% of Egyptian governorates, and digital and mobile channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Gîza

HQ country

Egypt

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: The bank generates revenue primarily through interest income on loans, certificates of deposit, and time deposits offered to customers at competitive rates
2. Banking Fees and Commissions: Fees from account maintenance, transfers, credit cards, loan processing, and other banking services
3. Islamic Banking Services: Sharia-compliant products including Sukuk certificates, investment accounts, and Murabaha financing generating profit-sharing returns

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

EGbank operates as a full-service commercial bank offering retail, SME, corporate, prime, advance, private, and Sharia-compliant Islamic banking products and services in Egypt. Its portfolio spans savings and current accounts, certificates of deposit, debit and credit cards, personal and auto loans, payroll services, investment funds, working capital and syndicated finance, trade finance, letters of credit, foreign exchange, and Islamic financing products such as Murabaha, Ijarah, and Sukuk. Distribution is supported by 50+ branches, an ATM network covering 82% of Egyptian governorates, online and mobile banking, a 24/7 call center (19342), and dedicated relationship managers for premium segments.

Product overview

EGBANK (Egyptian Gulf Bank) operates as a full-service commercial bank offering a comprehensive multi-tier banking platform. The core offering spans Personal Banking (with savings, current accounts, certificates of deposit, debit/credit cards, and diversified loan products including Electric Now and Drive Now auto loans), Prime Banking (premium tier with EGP 1 million minimum balance), Advance Banking (mid-tier EGP 250K-1 million), and Private Banking (wealth management). EGBANK also provides Islamic Banking services (Shari'a-compliant Sukuk, Investment Accounts, and Murabaha/Ijarah financing), SME Banking (loans up to EGP 7 million with CBE-supported rates), and Corporate Banking (project finance, trade financing, cash management). Supporting digital channels include Online Banking, Mobile Banking, ATM network (82% coverage), Call Center (19342), E-Statement, and specialized programs for youth (MINT) and freelancers (Freelancer Program). Investment products include the Egyptian Gulf Fund (equity) and Tharaa Fund (money market). The bank serves both retail and corporate customers across Egypt with a network of branches and digital banking solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Mint: Youth banking program for customers aged 15-29 years offering savings accounts and banking services
• Prime Banking
• Private Banking
• Islamic Banking
• Freely

Products and services

• Personal Banking

Quantifiable outcome

• ATM coverage across 82% of Egyptian governorates
• +2 more outcomes

Named customers2 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Central Bank of EgyptcoreStrategic or Co-development Partner · 9 September 2025EGBANK participates in the CBE's national initiative 'Future Scholars Fund' (منحة علماء المستقبل) supporting distinguished students in Egyptian universities with full tuition, accommodation, and living expenses for priority national specializations including IT, AI, engineering, and medicine.
• Ministry of Justice (Egypt)minorStrategic or Co-development Partner · 14 August 2022EGBANK partnership to establish 361 public notary outlets across Egypt as part of the Ministry's 75th anniversary celebration plan for the Real Estate Registration Department.
• Hermes Fund Management (HFM)coreStrategic or Co-development PartnerHermes Fund Management serves as Investment Manager for the Egyptian Gulf Fund with initial fund size of EGP 100 million, established in May 1997 as an Equity Fund distributed through EGBANK branches.
• Prime Investment Asset ManagementcoreStrategic or Co-development PartnerPrime Investment Asset Management is the Investment Manager for the Tharaa Fund, a Money Market Fund with initial size of EGP 200 million established in July 2010, with EGBANK as custodian.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Arab African International Bank (AAIB): AAIB is a mid-to-large Egyptian private bank jointly owned by Egyptian and Arab shareholders, offering retail, corporate, and Islamic banking. Its ownership profile (Egyptian-Arab investor base) and full-service product set closely mirror EGBANK's positioning.
• Banque Misr: Banque Misr is one of Egypt's largest state-owned banks with nationwide branches, retail/SME/corporate banking, and Islamic banking windows. EGBANK competes against it for Egyptian retail deposits and SME lending under CBE-aligned programs.
• HSBC Egypt: HSBC Egypt is a foreign-owned bank offering retail, Premier, and corporate banking in Egypt. It overlaps EGBANK in the Prime/Private banking tier and in corporate/Syndicated lending where both serve large Egyptian corporates.
• Commercial International Bank (CIB) Egypt: CIB is Egypt's largest private-sector bank and the most directly comparable peer, offering retail, corporate, SME, and Islamic banking across an overlapping customer base. Both compete head-to-head for Egyptian deposits, payroll, and corporate mandates with similar product suites.
• Faisal Islamic Bank of Egypt: Faisal Islamic Bank is one of Egypt's leading pure-play Islamic banks with a Shariah committee, retail deposits, and Murabaha/Ijarah financing. It is the most direct comparable to EGBANK's Islamic Banking vertical and competes for the same Shariah-compliant deposit pool.
• Al Baraka Bank Egypt: Al Baraka Bank Egypt is a Shariah-compliant Egyptian bank within the Al Baraka Banking Group, offering Islamic deposits, Sukuk, Murabaha, and Ijarah. It competes directly for Islamic retail and corporate customers against EGBANK's Islamic Banking unit.
• QNB ALAHLI: QNB ALAHLI is a major Egyptian private bank (QNB Group subsidiary) competing across retail, corporate, and SME segments. It is a close comparable on product breadth, mid-tier branch footprint, and Egyptian client base.
• National Bank of Egypt (NBE): NBE is the largest Egyptian bank by assets and branches, offering full retail, corporate, and Islamic banking. EGBANK competes against it in mass-market deposits, government payroll, and SME lending within Egypt.

Regional players

• Abu Dhabi Islamic Bank (ADIB) Egypt: ADIB Egypt is the Egyptian arm of a GCC Islamic banking group, offering Shariah-compliant retail, SME, and corporate products. It is a direct Islamic-banking peer operating in the same Egyptian market with overlapping product types.
• Emirates NBD Egypt: Emirates NBD Egypt is the Egyptian subsidiary of Emirates NBD Group, offering retail, corporate, and treasury banking. It competes against EGBANK in the Egyptian mass-affluent and corporate segments as a foreign-affiliated full-service bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/egbankegypt

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EGbank