Fabmisr
Egyptian bank
From Wikipedia, the free encyclopedia
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.
| |
 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 |
History
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]
