CAIRO: At last the completion of the legal merging of two of Egypt’s prominent banks National Societe Generale Bank (NSGB) and Misr International Bank (MIBank) is finalized.
Together, they aim at becoming one of the countries largest private owned banks with their 100 branches and 220 ATMs all over Egypt. .
The two banks will be operating under NSGB as it is such a large banking institute in Europe with millions of clients.
Chairman of NSGB Mohammed Madbouly says, “Joining forced with MIBank led to the creation of creating one of the biggest private banks in Egypt, and we are working hard to make sure we can give even more premium services to our mutual clients.
Stressing on that point, managing director Guy Poupet says that the core computer system is being upgraded for implementation so clients of both banks can be served in any of their branches.
NSGB is an Egyptian joint stock company listed in both Cairo and Alexandria stock exchange and is considered one of the largest private banks in the local market.