Fabmisr
 | |
 Headquarters in Cairo | |
| Type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1975 |
| Headquarters | , |
Number of locations | 74 (2025) |
Area served | Egypt |
| Key people | Ahmed Issa[1] (CEO) |
| Revenue | EGP 16.7 billion (2025) (USD 316 millions)[2] |
| Total assets | EGP 484 billion (2025) (USD 9,18 billions)[2] |
Number of employees | 2377 (2025) |
| Parent | First Abu Dhabi Bank |
| Website | www |
FABMISR, is a major Egyptian bank. Subsidiary of First Abu Dhabi Bank. It is the second largest foreign bank operating in Egypt after QNB Egypt.
History
[edit]In 1975, The National Bank of Abu Dhabi (NBAD) opened its first overseas branch in Cairo. Focusing heavily on corporate banking.[3]
In April 2017, the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) merged in the UAE to create First Abu Dhabi Bank (FAB).[4] Following this global merger, the Egyptian operations of NBAD were rebranded as FAB Egypt.
In January 2021, FAB signed a final agreement to acquire 100% of the Egyptian subsidiary of Lebanon’s Bank Audi.[5]
In February 2022, FAB offered to buy EFG Hermes, a finance company. In April, the deal was dropped.[6]
In June 2022, Following the legal merger and approval from the Central Bank of Egypt (CBE), the bank officially launched its new brand identity: FABMISR.[7]
In Early 2026, FAB, along with Commercial International Bank, showed interest in acquiring the retail banking division of HSBC Bank Egypt.[8][9]
See also
[edit]References
[edit]- ↑ "Ahmed Issa joins FAB Misr as CEO". EnterpriseAM Egypt. 2026-02-16.
- 1 2 "FABMISR Achieves Net Profit EGP 16.7 Billion by the end of 2025 Initiative". fabmisr.com.eg.
- ↑ "First Abu Dhabi Bank acquires Bank Audi Egypt". Arab News. 2021-01-21.
- ↑ Diaa, Sarah (2018-11-01). "NBAD, FGB merge, now 'First Abu Dhabi Bank'". Gulf News.
- ↑ Mounir, Hossam (2022-06-11). "Legal merger between FAB and Audi – Egypt concludes". Daily News Egypt.
- ↑ Allam, Nouran (2022-04-14). "First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes". WAYA.
- ↑ "UAE's FAB Rebrands Its Egyptian Arm 'FABMISR' After Merger With Bank Audi". Forbes.
- ↑ "CIB says it received the green light to start due diligence on HSBC Egypt's retail franchise". EnterpriseAM Egypt. 2026-02-25.
- ↑ "بنك أبوظبي الأول مصر «FAB» يسعى لشراء محفظة الأفراد في بنك «HSBC» مصر" [First Abu Dhabi Bank Egypt (FAB) is seeking to acquire the retail portfolio of HSBC Egypt.] (in Arabic). 2025-10-28.
