27 Oct 2006Dubai: Italian group Sanpaolo IMI has acquired Bank of Alexandria for $1.6 billion, in what is said to be the first privatisation in Egypt of a state-owned bank, according to a statement ...

CAIRO, April 13 (Reuters) - Bank of Alexandria will hold an initial public offering of 15 percent of its shares on the Egyptian stock exchange in the second half of 2008, Chairman Mahmoud Abdel-Latif ...

The Bank of Alexandria is one of the largest banks in Egypt. It has a market share of almost 7% and had assets of 5.2 billion euros (US$6.5 billion) as of June 30, 2006. Intesa Sanpaolo is the major ...

Moody’s has upgraded the bank financial strength rating (BFSR) of Bank of Alexandria (BoA) to D with a stable outlook from D-. The bank’s other ratings on Monday were left unchanged, at Baa2/Prime-2 ...

Banks globally are increasingly aware of the need for a heightened sense of corporate social responsibility. Institutions in the Middle East are no exception. Of the many banks making efforts in this ...