Alex Bank (Bank of Alexandria) was privatized on 17.10.2006 via selling 80% of its shares to the Italian group Sanpaolo. The sale deal was concluded so successfully that it was described as the best privatization process in Egypt. Mainly owned by Intesa Sanpaolo group which was created via the merger of the two financial Italian groups: Banca Intesa and Sanpaolo IMI. The Bank is now operating under the leadership of Intesa Sanpaolo which is the biggest Italian bank and the third in the Euro Zone.
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Islamic banking assets to surpass $1.8 trillion globally in 2013 - 05.02.2013 Global Islamic banking assets are forecast to cross $1.8 trillion in 2013 up from $1.3 trillion in 2011, Ernst & Young said in its World Islamic Banking Competitiveness Report 2013. Source: zawya.com
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters
Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012 Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market. Source: Suntech
Alex Bank (Bank of Alexandria) was privatized on 17.10.2006 via selling 80% of its shares to the Italian group Sanpaolo. The sale deal was concluded so successfully that it was described as the best privatization process in Egypt. Mainly owned by Intesa Sanpaolo group which was created via the merger of the two financial Italian groups: Banca Intesa and Sanpaolo IMI. The Bank is now operating under the leadership of 
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