The bank was originally founded in Egypt in 1978 under the name of Alexandria Kuwait International Bank (AKIB). AKIB was one of the first private banks in Egypt and was later re-branded to Egyptian Commercial Bank. In 2005, Piraeus Bank Group acquired Egyptian Commercial Bank and changed the name into Piraeus Bank Egypt.
In November 2015, Al Ahli Bank of Kuwait (ABK) acquired Piraeus Bank Egypt as part of its plans to expand its regional presence, reinforce the Bank competitive position and provide additional value to clients and stakeholders.
Al Ahli Bank of Kuwait (ABK) was established in Kuwait in 1967 on a foundation of extraordinary capabilities and expertise joined to provide superior financial solutions to its clients. Today, ABK offers a full range of products and services and a wide geographical presence in Kuwait, UAE, and Egypt demonstrating its commitment to best serve customer financial needs whilst offering a distinguished banking experience.
ABK-Egypt head office is located in Smart Village, Giza and has presence in most of Egyptian Governorates through its network of 39 branches, 85 ATMs and around 1.000 employees. ABK - Egypt branches are geographically distributed to best serve our Retail, Corporate, and Small and Medium Enterprise (SME) customers through a portfolio of financial products, easy and friendly banking services as well as a wide range of diversified commercial and investments products that are designed to further enhance customers banking experience and satisfy all their financial needs.
As we strive to consistently provide experiences that simplify and enrich people lives, ABK Egypt will continue to grant our clients our utmost attention with our core values of Transparency, Integrity, Simplicity and Excellence at the heart of all we do.